Small business operators will be the main beneficiaries of a new online registration process, which they can use to register new businesses and update information.
The Investment Promotion Authority is developing the tool, with support from the International Finance Corporation and the New Zealand Aid Programme.
We are using it to ‘drastically improve’ our current low World Bank ranking for ease of doing business in Papua New Guinea, says Clarence Hoot, Head of Business and Investment Promotions at the IPA.
The paper-based system will be scrapped and small business owners won’t have wait in long queues, he says, because the system will be available 24/7.
He says the IPA plans to regularly send representatives to help companies in remote areas to use the new online tool.
Hoot says he expects the US$36,000 (K84,000) system to be up and running by November.
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