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Investment Promotion Act No. 8 of 1992.

Pays/Territoire
Papouasie-Nouvelle-Guinée
Type du document
Législation
Date
1992
Source
FAO, FAOLEX
Titre complet
An Act to provide for the promotion of investment in the interests of national, social and economic development, and for that purpose to establish a body to be known as the Investment Promotion Authority; to define its powers and functions and to repeal certain Acts; and for related purposes.
Sujet
Général
Mot clé
Législation de base Commerce/industrie/sociétés Certification Cour/tribunaux Institution Relations internationales/coopération Monitorage Infractions/sanctions Enregistrement Collecte de données/déclarations Fonds spécial Commerce international Renforcement des capacités
Aire géographique
Asie et Pacifique, Mélanésie, Océanie, Petits états insulaires en développement, Pacifique Sud
Entry into force notes
This Act enters into force on the day the Notice is published in the Official Gazette.
Résumé

This Act lays down rules for promoting and facilitating investment in the country by citizen and foreign investors; granting a foreign investment certificate to a foreign enterprise; defining the activities open to a foreign investor; registering foreign investment opportunities; promoting investments which contributes to the country and its people in terms of economic growth, employment generation, utilization domestic resources and, in particular, renewable resources, skills development, increase in the volume and value of exports, development of remote areas of the country, increased ownership of investment by citizen, reduction of the dependency on import; monitoring the impact of investment and the activities of enterprises; and establishing the Investment Promotion Authority to assist the State in achieving the purposes of this Act. The Investment Promotion Authority encourages and facilitates investment in the country by assisting investors to obtain all necessary licences, compliances and approvals, monitors the activities of foreign enterprises so as to determine whether or not a foreign enterprise is certified and complies with the terms and conditions of its certificate to carry on business in the country, maintains a register of foreign investment opportunities, and facilitates citizen participation in investment and in the ownership of national and foreign enterprises. Moreover, this Act sets out provisions on the establishment and functions of the Board under the Investment Promotion Authority, funds of the Authority, application and evaluation procedures for certification of foreign enterprise to carry on business in the country, cancellation and suspension of certification, business activities reserved for citizens and national enterprises, keeping a register to be known as the Register of Certificates by the Authority, application and evaluation procedures for certification for permitting a foreign enterprise to acquire a relevant interest in a national enterprise or in a citizen enterprise, investment guarantees to the foreign investor which is accorded under any bilateral or multilateral agreement to which the State is a party, the convention establishing the multilateral investment guarantee agency, international centre for settlement of investment disputes, appeal from a decision of the Board of the Authority, and offences and penalties and prosecution of any offence against this Act by the Authority.

Texte intégral
Anglais
Site web
investmentpolicy.unctad.org

Références - Législation

Implementé par

Investment Promotion Regulation 1992.

Législation | Papouasie-Nouvelle-Guinée | 1992 (2002)

Mot clé: Commerce/industrie/sociétés, Certification, Cour/tribunaux, Patrimoine culturel, Peuples autochtones, Commerce intérieur, Commerce international, Enregistrement, Royalties/redevances, Petits exploitants/paysans, Recyclage/réemploi, Tourisme, Aquaculture, Animaux aquatiques, Pêche artisanale, Gestion des zones côtières, Crustacés, Gestion et conservation des pêches, Poissons d'eau douce, Pêche continentale, Pêche maritime, Poissons marins, Mollusques, Service forestier/agents forestiers, Essence forestière, Matériel de reproduction/semences, Transformation/manutention, Bois, Coupe de bois/exploitation forestière, Évaluation foncière, Relevés/plans, Production animale, Volaille, Exploitation minière, Cultures/pâtures, Floriculture, Production végétale, Transport/dépôt, Chasse/capture, Insectes, Protection des espèces, Tortues, Faune sauvage, Produits de la chasse

Source: FAO, FAOLEX

Amendé par

Investment Promotion (Amendment) Act 2022 (No. 20 of 2022).

Législation | Papouasie-Nouvelle-Guinée | 2022

Mot clé: Commerce/industrie/sociétés, Certification

Source: FAO, FAOLEX

Investment Promotion (Amendment) Act 2023 (No. 2 of 2023).

Législation | Papouasie-Nouvelle-Guinée | 2023

Mot clé: Autorisation/permis, Commerce/industrie/sociétés, Certification, Cour/tribunaux, Collecte de données/déclarations, Fraude, Institution, Commerce intérieur, Commerce international, Infractions/sanctions, Enregistrement, Petits exploitants/paysans

Source: FAO, FAOLEX