![]() Working in Papua New Guinea is a challenge as well as adventure. It is a new chapter of your life as you come to work in Papua New Guinea. Papua New Guinea or PNG is a Pacific Island country north of Australia. It has a population of 7 million people. For more details go to PNG Background information. Guides for Working in Papua New Guinea As a general rule, all none citizens who seek employment in the private sector in Papua New Guinea must possess a valid work permit before they can commence employment. The work permit must be granted bu the Secretary, Department of Labour and Industrial Relations in accordance with the Employment of Non Citizens Act 2007. A non citizen who works in Papua New Guinea without a valid work permit commits an offence. Remember If you are unsure whether you need a work permit , please approach the Foreign Employment Division for assistance o The National Development Bank (NDB) currently offers a range of Products and Services that can be tailor suited to you or your business(s) specific needs. NDB strives to offer Products at competitive rates with emphasis on providing affordable and sustainable finance to ordinary Papua New Guineans and the rural and urban entrepreneurs. NDB will continue to offer new products later including the Savings Products.
AGRICULTURE LENDING
Commercial Loans A Commercial Loan is any loan that includes the following:
Contact Details
HeadofficePh:3247500Fax: 325 9817P.O. Box 686, Waigani, NCD rbank@devbank.com.pg AlotauPh:641 0182Fax: 641 1016P.O. Box 874, Alotau, MBP alotau@devbank.com.pg BiallaPh: 983 1180Fax:983 1008P.O. Box 6, Bialla, WNB bialla@devbank.com.pg BorokoPh:325 6900 / 3250991Fax:325 6652P.O. BOX 6180, Boroko, NCD boroko@devbank.com.pg There are several Lending requirements of the National Development Bank of Papua New GUinea (NDB). When applying for loans, the following forms must by filled and send them to the bank.
Please note the Micro Finance loan application forms are not listed below. NDB Lending Requirements NDB Lending Requirements Customer Loan Application Forms Customer Application Form Business Loan Application Forms Please note that you will need to download both part A & B. Business Application Form_Part A Business Application Form_Part B If you require assistance with any of the forms listed above or have questions relating to the NDB Lending Requirements please feel free to contact your nearest National Development Bank branch. Contact details for a NDB Branch close to you can be found on the Contact Details page here. For general information about National Development Bank, click here. Note that the NDB Women In Business and NDB Micro Finance loan requirements are different from the one above. Previously known as the Rural Development Bank, the National Development Bank is the development finance institution of Papua New Guinea. It is wholly owned by the Independent Public Business Corporation as Trustee for the State and people of Papua New Guinea.Founded in 1967 its primary function is to provide accessible development credit to citizens to engage in income generation to improve the quality of lives of our people especially the people in the rural areas where 80 percent of our people live.
The enabling legislation of the National Development Bank is the National Development Bank Act 2007, which was enacted by Parliament on 25 April 2007. The enabling legislation provides the functions of the Bank and the appointment of the Board and Management of the National Development Bank and provides guidance for its operations. |
Doing Business in Papua New GuineaOn this page we provide all the details about doing business in Papua New Guinea. Feel free to contact us for further information. Related Database
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