Expand into Papua New Guinea with Innovare

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.

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Brief Overview

Innovare Papua New Guinea

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.

Local Expertise

Country-Specific Solutions

Onboarding

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.

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Payroll Services

Managing payroll in Papua New Guinea requires adherence to local regulations, including tax withholdings and social security contributions.

  • Minimum Wage: The minimum wage is PGK 3.50 per hour.
  • Payroll Frequency: Employees are typically paid bi-weekly.
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Taxes

Understanding the tax system is crucial for businesses operating in Papua New Guinea. Taxes are administered by the Internal Revenue Commission (IRC).

  • Corporate Tax Rate: 30% on taxable income.
  • Personal Income Tax: Progressive rates from 0% to 42% based on income brackets.
  • Goods and Services Tax (GST): 10% on most goods and services.
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Leave

Leave policies in Papua New Guinea are designed to ensure employees have adequate time off for rest and personal matters.

  • Annual Leave: minimum of 14 days of paid leave per year of service.
  • Sick Leave: minimum of 6 days of paid sick leave per year, with a medical certificate required.
  • Maternity Leave: minimum of 6 weeks of paid maternity leave.
  • Compassionate Leave: 3 days of paid leave for the death of a close family member.
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Social Security Management

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.

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Termination

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.

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Immigration Services
Payroll
Tax & Social Security
Leave
Other Employer Costs & Insurance
Dispatch Service

Papua New Guinea’s Market Insights

Economic Growth

Steady growth driven by mining, oil, and gas sectors.

Investment Opportunities

High potential in infrastructure development and renewable energy.

Challenges

Infrastructure deficits and regulatory complexities can pose challenges.

Global Reach

Comprehensive Solutions, Tailored for You