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Papua New Guinea is a Pacific island nation blessed with abundant natural resources and a rich cultural heritage. It offers a unique and dynamic business landscape.
Innovare empowers you with seamless business expansion into this emerging market.
Our comprehensive Employer of Record (EOR) services leverage our deep expertise and unwavering commitment to compliance, ensuring a smooth adaptation for your venture within the local business environment.
Navigate Japan's unique business landscape effortlessly with Innovare's comprehensive EOR solutions. From intricate immigration services to seamless payroll administration, we're your bridge to tapping into the world's third-largest economy.
Papua New Guinea is a Pacific island nation blessed with abundant natural resources and a rich cultural heritage. It offers a unique and dynamic business landscape.
Innovare empowers you with seamless business expansion into this emerging market.
Our comprehensive Employer of Record (EOR) services leverage our deep expertise and unwavering commitment to compliance, ensuring a smooth adaptation for your venture within the local business environment.
Expert navigation through Papua New Guinea's diverse and growing economy, driven by sectors like mining, agriculture, and tourism.
Streamlined processes for foreign worker employment and payroll management.
Unwavering dedication to adhering to local regulations and labour laws.
Specialised support for both expatriate and local talent acquisition in Papua New Guinea.
Onboarding in Papua New Guinea involves familiarising new employees with the company culture, policies, and their specific roles. It’s essential to comply with local labour laws to ensure a smooth transition.
● Working Hours: Standard working hours are 42 hours per week, typically 8 hours per day.
● Overtime: Overtime is paid at 1.5 times the regular hourly rate for the first 3 hours and double the rate thereafter.
● Documentation: Employees must provide proof of identity, tax identification number, and bank details.
Managing payroll in Papua New Guinea requires adherence to local regulations, including tax withholdings and social security contributions.
Understanding the tax system is crucial for businesses operating in Papua New Guinea. Taxes are administered by the Internal Revenue Commission (IRC).
Leave policies in Papua New Guinea are designed to ensure employees have adequate time off for rest and personal matters.
Social security in Papua New Guinea includes contributions to retirement funds and other social benefits.
● Employee Contribution: 6% of gross salary.
● Employer Contribution: 8.4% of gross salary.
● Retirement Age: 55 years, or earlier with 15 years of contributions.
Termination of employment must comply with local labour laws to ensure fairness and legal compliance.
● Notice Period: Generally 1 day -1 month based on length of service for both employer and employee.
● Severance Pay: Required for employees with more than 3 years of service, calculated based on length of service.
● Grounds for Termination: Can include misconduct, redundancy, or incapacity.
Steady growth driven by mining, oil, and gas sectors.
High potential in infrastructure development and renewable energy.
Infrastructure deficits and regulatory complexities can pose challenges.
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