The Requirements to Register a Business Name

 2,001 total views,  2 views today

If you are looking to conduct business under a trading name, you will need to have that trading name registered in the Business Names Register. To do so, you will need to file an application with the Registrar of Business Names.

Below, you will find the details you need prior to completing the relevant business name application. Having the documents or information on hand makes it easier to complete the relevant form.

The Investment Promotion Authority is responsible for receiving and processing applications.

There are two ways an application can be submitted to the IPA – Physical submission at the IPA’s office (for those in Port Moresby, this is at their Kondeobu office beside the Aviat Social and Sporting Club.

The second method is online which is not only expedient but convenient too.

  1. Name of Owner(s)
  2. Date of Birth of Owner(s)
  3. Address of Owner(s) – no PO Box must be a physical address
  4. Email address of owner(s)
  5. Nationality of Owner
  6. Proposed Business Name
  7. Date of commencement of business under that business name
  8. Place of business – if more than one place, state all the places
  9. Industry of the business

The fee (as at the date of publishing this article) is K150.

Turnaround times vary but the IPA are very efficient in processing business name applications and if there are no issues with the details you have in your application, you can expect a response confirming registration of your business between 3 to 7 days from filing.

If you would like assistance in applying for a business name in the most cost-effective and time efficient way, contact Vai Virtual Consulting by email on consult@vaivirtual.com.

Comments

comments