Eastern Business Services Limited

13/05/2024

Papua New Guinea is now amongst 99 other eligible countries to have the expanded YouTube Partner Program.

03/09/2021

Study in Papua New Guinea :Apply to Study in PNG. PNG has some of the top universities and colleges for international students: Study Abroad in PNG

01/09/2021

PNG eHow : Home of technology news and Tips, Software updates, domain and subdomain reviews, website designs, mobile phones gadgets and Cyber Security

22/08/2021

PNG eHow : Home of technology news and Tips, Software updates, domain and subdomain reviews, website designs, mobile phones gadgets and Cyber Security

21/07/2021

Online training for women-led businesses The “Training and Mentoring Program for Women-Led Businesses”, is a partnership initiative of the Asian Development Bank (ADB) and Women Entrepreneurs Finan…

17/05/2021

KINA KILLS LOAN INTEREST RATES!
By Des Yaninen, 17th May 2021

This is massive. Kina has just slashed it's indicator lending rate by 5.4% points from 11.65% down to 6.25% making it the cheapest provider of loans in PNG. In April, BSP reduced it's rate from 11% down to 10%. First Kina lowered fees, and now by lowering interest rates - are doing to the banking industry what Digicel did to the Mobile Communications when they entered in 2007. Big win for consumers.

19/04/2021

Here are the three most expensive flowers on Earth.
Gloriosa is common in PNG and is grown almost everywhere. It also grows in the wild.

17/02/2021

Selling Goroka Coffee and need to purchase cups? ☕

Now on sale!!
Goroka Coffee 12oz Corrugated Takeaway Cups perfect for Cafés, Restaurants, Hotels etc.

Available in:
Packs of 25 incl Lids.
Boxes of 500 incl Lids.

Please message us if you are interested☕

14/02/2021

🚨 🚨🚨 KINA BANK ALERT 🚨 🚨 🚨

*** ALERT ***

It has come to our attention that a fake page called ‘Kina Credit’ is promoting itself as a Kina Bank-sponsored organisation in order to scam our customers into providing their personal details. We want to inform our customers that this page is not a Kina Bank endorsed account, nor is it associated with our services in any way.

Are you cyber fraud aware?

Common strategies of fraudulent Facebook accounts include:
- using recognisable logos and names (like Kina Bank) to gain your trust
- an email that is not from a trusted domain from the organisation
- asks you to provide sensitive personal information like your driver’s licence and bank account details.

If you suspect an account is impersonating Kina Bank, please report it to us at [email protected] or call +675 308 3800


PC: KINA BANK

10/02/2021

Way to go Tisa...

THE Teachers Savings and Loans Society Ltd (Tisa) subsidiary Tisa Community Finance Ltd has applied for a banking licence to the Bank of PNG, says group chief executive officer Michael Koisen. “The...

11/01/2021

Take note...

BSP PNG| Report BSP Merchants who charge extra fees

09/01/2021

A final breakthrough. Now our people have the opportunity to lean to make money whilst in school...

The Bank of Papua New Guinea (the Bank) and Centre for Excellence in Financial Inclusion (CEFI) with the Department of Education signed a Memorandum of Understanding partnership today to collaborat…

28/12/2020

The 𝗣𝗮𝗰𝗶𝗳𝗶𝗰 𝗣𝗿𝗶𝘃𝗮𝘁𝗲 𝗦𝗲𝗰𝘁𝗼𝗿 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁 𝗜𝗻𝗶𝘁𝗶𝗮𝘁𝗶𝘃𝗲, which includes grants from the Governments of and , will provide advisory and capacity-building assistance to help developing member countries improve their business enabling environments.

Learn more: https://www.adb.org/projects/53072-001/main -pds via Asian Development Bank

ADB in the Pacific
Australian Government Department of Foreign Affairs and Trade
New Zealand Ministry of Foreign Affairs and Trade

08/12/2020

Kina Securities Limited (Kina Bank) was established in 1985 as a diversified financial service company. It offers customers end-to-end financial solutions from savings accounts to business loans, investments to mortgages, financial advice and investment management. We are committed to delivering ex...

16/11/2020

COMPANY Vs BUSINESS NAME, ASSOCIATION Vs BUSINESS GROUP, TIN Vs COC EXPLAINED 🇵🇬 🔥 💪 👏

We at PNG SME DIRECTORY have registered over 500 entities with IPA over past few months and have assisted 4700 SMEs since 2008, Associations, Business Groups, etc, with Business Registration, IRC services and other Startup needs.

With our many years of experience, we would like to inform everyone some misunderstanding with the registration of Companies, Businesses, Associations and Business Groups as we deal with all of these.

ASSOCIATION Vs BUSINESS GROUP 🇵🇬

The main difference is that Associations are expected to be Non-profit and should work for a common course - the betterment of the society, specifically your locality and its people, the environment, development, etc.

They can receive funding from donor agencies, companies or government agencies but the funds are expected to be used for reasons intended for.

They can have bank accounts, executives, constitution, etc.

Whereas, Business Groups can generate profit and act as normal businesses but within the context of a group.

A Business Group can upgrade itself to a Company anytime.

Landowner Associations can have landowner companies or businesses and Business Groups. Even individual members of the Association or Business Groups can own businesses and be sub-contracted to the Association's companies or businesses as spin-offs.

COMPANY Vs BUSINESS 🇵🇬

Companies have Directors and Shareholders while Businesses have owners.

Some companies can be solely-owned and do not require a director nor a shareholder or even secretaries.

Likewise, businesses can be solely owned or co-owned.

You can convert (upgrade) a Business Name to a Company anytime (by cancelling the BN).

Under a Company, you can have several businesses either by using different Business Names or with the same name as the company but with specific types of business named in the Business Name. For example; TEEJAY LIMITED as a company owns the businesses; TEEJAY HIRE CARS, TEEJAY REAL ESTATE, etc.

Companies are expected to file Annual Returns (to IPA as evidences of their Tax Compliances to IRC) and Businesses are expected to pay Annual Renewal fees.

Non-compliance will result in IPA imposing either penalties or cancellation of entities.

If you are doing Business Renewal, you will have to pay the full renewal fees for the non-renewal years.

You can convert (upgrade) a Business Name to a Company anytime.

TIN Vs COC 🇵🇬

TIN (Taxpayers Identification Number) is obtained from IRC through TIN Application. A TIN Certificate is required to open a bank account for your business and is also used to pay taxes to IRC. It is a prerequisite to openning a bank account.

Solely owned entities must fill TIN2 and co-owned entities must fill BOTH TIN 1 and TIN 2.

COC (Certificate of Compliance) is issued by IRC upon successful filing of your taxes. It is issued after you're into business and NOT before you start a business.

Entities with a COC are mostly likely to be considered for project bidding such as bigger government contracts.

A summary of steps would look something like this; IPA > TIN > Bank Account > COC.

BANK ACCOUNTS 🇵🇬
The Bank Account account signatories will be the ones who should be worried about TIN, not all owners or directors.

We at PNG SME DIRECTORY assist thousands of individuals and groups from all over PNG and we continue to do so.

Our cool SME Services can be found on our website.

If you would like to register your business and join our network of SMEs, apply online here (no credit card needed). You can get the 3-in-ONE SME STARTUP PACKAGE for K300 which covers IPA REGISTRATION, TIN REGISTRATION and Business Account with any bank.

We do the following at affordable rates;

1. IPA Business Registration
2. Company Registration
3. Association Registration
4. Business Group Registration
5. Business Renewals
6. IPA Amendments
7. Business Profiles
8. Business Plans
9. Logo design, page
10. Website for Businesses
11. Email Setup
12. More...

BE YOUR OWN BOSS NOW - OWN A BUSINESS 🇵🇬💪👏👍

Apply here; www.pngsme.org/ipa-online-registration

Email us; [email protected]

03/11/2020

Eastern Highlands Governor, Hon Peter Numu, moving forward in leading Education Projects in Papua New Guinea. Launching of Remote Solar Printer Project on Friday 6th November 2021.