Property for sale in Papua New Guinea

1/ Capital: Port Moresby

Is the capital and largest city of Papua New Guinea (PNG). The city is located on the shores of the Gulf of Papua, on the southeastern coast of the island of New Guinea. Get more information on property for sale in Port Moresby.

Is a country in Oceania, occupying the eastern half of the island of New Guinea and numerous offshore islands (the western portion of the island is a part of Indonesian provinces of Papua and West Papua).

Papua New Guinea occupies the eastern half of the island of New Guinea. It is located in the southwestern part of the Pacific Ocean, north of Australia. Linguistically, it is the world's most diverse country, with more than 700 native tongues.

The main objective of the Investment Unit is to identify potential investment projects in Papua New Guinea, and package the project for promotion to identified markets, joint venture partners or investors.

The security of investment in a property in PNG has always been granted the highest priority by the Government.

The Government is fully aware of the perception investors have about risks they take when investing in a property for sale in PNG. It has made an undertaking to minimize the perceived risks (including expropriation, repudiation of contracts and discrimination) through the granting of the most favored nation treatment to investors as if they were nationals of Papua New Guinea.

It is a requirement under the Investment Promotion Act that foreigners wishing to conduct business in Papua New Guinea must be granted a Certificate to carry out business activities in PNG.

It is crucial to note that the certification of foreign enterprises by the IPA does not relieve a company from meeting the requirements of other agencies nor does it override their approvals.

The definition of foreign enterprise and intentions of the certification process is provided in the overall summary of the Investment Promotion Act.

In Papua New Guinea only 3% of land is owned by the State. Land taxes are imposed by a number of provincial governments on State land at fairly nominal levels.