REQUIREMENTS TO ESTABLISH SPECIAL ECONOMIC ZONE's IN PAPUA NEW GUINEA

What is a special economic zone (SEZ)?

A special economic zone (SEZ) is a designated geographical area within a country that is subject to unique economic regulations, with the aim of promoting investment, job creation, and economic growth..
What are the benefits of investing in an SEZ?

SEZs offer a range of benefits, including tax incentives, streamlined regulatory processes, access to world-class infrastructure, and proximity to markets and suppliers.
What industries are typically located in SEZs?

SEZs are typically home to industries that are export-oriented and require specialized infrastructure or incentives, such as manufacturing, IT and software development, pharmaceuticals, and textiles.
How can I apply to establish a business in an SEZ?

The process for applying to establish a business in an SEZ will depend on the specific SEZ and the country in which it is located. In general, it will involve submitting a proposal outlining the business plan and the proposed investment to the SEZ authority.
What regulatory framework governs SEZs?

SEZs are typically governed by a specific legal and regulatory framework that outlines the incentives and benefits available to businesses operating within the zone, as well as the rules and regulations governing their operations.
How do SEZs promote economic growth?

SEZs promote economic growth by creating a business-friendly environment that attracts investment, encourages job creation, and drives innovation. They also contribute to the development of infrastructure and the transfer of knowledge and technology.
What is the role of SEZ authorities?

SEZ authorities are responsible for the promotion, establishment, and management of SEZs. Their role includes attracting investment, developing infrastructure, and creating a business-friendly environment that encourages innovation and sustainable development.

Applicant	DETAILS
Certificate of Incorporation	Certified copy of the Certificate of Incorporation of the Applicant and the Memorandum and/or Articles of Association of the Applicant
Share Registry	Certified copy of the Share Registry of the Applicant
Registered address & Contact Details	The registered address and the contact details of the relevant officer of the Applicant including physical address, email address and telephone numbers.
URL	Details of the website of the Applicant
Resolution of Applicant	Certified copy of the resolution of the Board of the Applicant to make an Application for the Establishment of a Special Economic Zone.
Banking Details	The names of the Applicant's banks and the contact details of the relevant officer of those banks including physical address, email address and telephone numbers of those officers who are able to provide financial references for the Applicant.
Annual Financial and Audit Reports	Certified copies of the Annual Financial Statements and Audit Reports of the Applicant for the five (5) years immediately prior to the date of the application.
References	The names of five persons and their contact details, including physical address, email address and telephone numbers who are able to provide business references for the Applicant.
Proposed SEZ location	Sufficient information to fully identify the site (including geographical location, boundary, map coordinates, property registration designations) and the details of the ownership of the site, including the certified Certificate of Title to the site. the extent to which land has been acquired for the Special Economic Zone and security of tenure including confirmation by the State Solicitor that the proposed Special Economic Zone site is not subject to any actual or impending legal liability, expropriation proceedings, disputes, or other contingencies that may give rise to a legal claim.
General Description of the proposed SEZ	The proposed economic activities of the proposed Special Economic Zone.
Business Plan & Feasibility Study	The business plan and feasibility study detailing the development, operation, and-maintenance of the proposed Special Economic Zone, including the details of all assumptions and forecasts used in the development of that business plan and feasibility study and the method of calculation of the positive financial and economic rate of return.
International Trade effect	Details of the international trade effect of the proposed Special Economic Zone, including the projected value of exports and re-exports, value-added processing potential, and investment and transfer-of-technology impact (all of which are to include the assumptions, figures, data and calculations in respect of those matters that are sufficient to allow for independent verification of them)
Domestic Manufacturing Impact	Zone on the establishment or retention of domestic manufacturing and downstream processing activities (all of which are to include the assumptions, figures, data and calculations in respect of those matters that are sufficient to allow for independent verification of them)
National Job Creation	Economic Zone (which is to include the assumptions, figures, date and calculations in respect of those matters that are sufficient to allow for independent verification of them
Use of National Capacity	Details of how the Special Economic Zone will utilise existing national capacity to promote integration and linkages with the domestic economy (which is to include the assumptions, figures, date and calculations in respect of those matters that are sufficient to allow for independent verification of them)
Enterprice Clusters	Details of the extent to which the planned Special Economic Zone is in proximity to Enterprise Clusters
SEZ Investment Envelope	Details of the extent to which the proposed business plan and feasibility study satisfies the requirements of an Special Economic Zone Investment Envelope
Fitness of proposed Site	Details of the fitness of the proposed SEZ site and existing or planned Infrastructure in light of the business, development, and operation plans
Population Impact	Details of the extent of any population displacement or relocation resulting from Special Economic Zone construction and development and the method by which the applicant will address and meet the compensation costs of such displacement or relocation
Off-site Infrastructure	Details of the access of the proposed site to actual or planned Off-Site Infrastructure
Expansion Potential	Details of the physical expansion potential of the proposed Special Economic Zone
Physical Security Measures	construction means to be employed to separate development areas of the Special Economic Zone from one another, as well as from the Domestic Customs Territory, to prevent the evasion of the payment of any applicable Import Charges or taxes.
Environment law Compliance	Details of the degree of compliance with a law or any law relating to the environment.
Prior Consultation	Details of the consultation with local communities and the provincial government prior to the application, including details of all meetings held, their minutes and the identity of the persons consulted.
Poverty Reduction Goals	Details of the consistency of the proposed Special Economic Zone with national, provincial and local-level government development and poverty reduction goals.
Multiple Users	Details of the extent to which the proposed Special Economic Zone can be designed and constructed for multiple Special Economic Zone Users
Legal Compliance	Details of the extent to which the proposed land area complies with any law in respect of land, planning, construction, and public works
Governmental Support	Details of all consultations with Competent Authorities and the degree to which Competent Agencies support the establishment of the proposed Special Economic Zone
Other Matters	Details of any other matter that the Applicant considers appropriate to protect the public interest, health, safety, and welfare of the State.
Energy Supply	The applicant must provide details of the energy supply for the proposed Special Economic Zone, including the source of the energy, the reliability of the supply, and any backup systems in place in case of power outages.
Water Supply	The applicant must provide details of the water supply for the proposed Special Economic Zone, including the source of the water, the reliability of the supply, and any treatment systems in place to ensure the water meets appropriate quality standards.
Waste Management	The applicant must provide details of the waste management system for the proposed Special Economic Zone, including plans for waste collection, treatment, and disposal, as well as any recycling or reuse initiatives.
Telecommunications Infrastructure	The applicant must provide details of the telecommunications infrastructure for the proposed Special Economic Zone, including the availability of high-speed internet, phone services, and other communication technologies.
Transportation Infrastructure	The applicant must provide details of the transportation infrastructure for the proposed Special Economic Zone, including access to major highways, railways, airports, and seaports, as well as any plans for the development of new transportation infrastructure.
Security Infrastructure	The applicant must provide details of the security infrastructure for the proposed Special Economic Zone, including plans for perimeter security, access control, and surveillance systems, as well as any arrangements for security personnel and emergency response services.
Occupational Health and Safety	The applicant must provide details of the Occupational Health and Safety (OHS) policies and procedures that will be in place for the proposed Special Economic Zone, including plans for training, hazard identification and risk assessment, and emergency response.
Intellectual Property Rights	The applicant must provide details of the measures that will be in place to protect intellectual property rights in the proposed Special Economic Zone, including any relevant laws, regulations, and enforcement mechanisms.