Explore expert insights, practical tips, and the latest updates to help your business thrive in Suriname and beyond.
Starting a business in Suriname is relatively straightforward once you understand the steps and requirements. The exact process depends on the type of business you want to establish, where it will operate, and whether you will employ staff. Although not mandatory, it is highly recommended to prepare a business plan
Work Permit When do I need a work permit? Every employer who wants to employ a worker of a nationality other than Surinamese (a foreign national) must have a work permit. Income tax for individuals (in SRD) Which authority issues a work permit? A work permit is issued by the
On Wednesday, March 5, 2025, the Council of Ministers decided to set the general minimum hourly wage at SRD 52.47 gross, effective April 1, 2025. This amount was established based on the advice of the National Wage Council. The new minimum wage applies across all sectors. At present, the minimum
Who are considered domestic taxpayers? Domestic taxpayers include all individuals who reside in Suriname, as well as the following entities established in Suriname: What are the income tax rates in Suriname? Income tax for individuals (in SRD) Taxable Income (SRD) Rate 0 – 2,646 0% 2,646 – 14,002.80 8% 14,002.80
Resident vs. Non-Resident Taxpayers The Surinamese Income Tax Act distinguishes between resident and non-resident taxpayers: Determining Residency A person is considered a resident taxpayer if their center of personal and economic interests lies in Suriname. This is determined by factual circumstances such as: A residence permit is not required to
Shifting tariffs, rising trade tensions, and new technologies like AI are transforming the global tax and trade landscape. Tariffs are no longer just economic tools — they are increasingly used as instruments of geopolitics. Reshoring strategies, retaliatory measures, and evolving policies are disrupting supply chains, logistics, and tax structures, creating
VFS Global is the only Official and Authorised partner for the Government of the Republic of Suriname/Ministry of Foreign Affairs, International Business and International Cooperation to offer a Suriname E-VISA/E-Tourist Card.
Who are considered domestic taxpayers? Domestic taxpayers include all individuals who reside in Suriname, as well as the following entities established in Suriname: What are the income tax rates in Suriname? Income tax for individuals (in SRD) Taxable Income (SRD) Rate 0 – 2,646 0% 2,646 – 14,002.80 8% 14,002.80
Resident vs. Non-Resident Taxpayers The Surinamese Income Tax Act distinguishes between resident and non-resident taxpayers: Determining Residency A person is considered a resident taxpayer if their center of personal and economic interests lies in Suriname. This is determined by factual circumstances such as: A residence permit is not required to
When exploring the question to start or expand your business in Suriname, an important factor to take in consideration, is the tax laws and regulations, in order to make a compliant start. Suriname has a relatively complex tax system and if companies are not compliant with tax laws, it can
VAT (Value Added Tax) is a tax paid by buyers of goods and services. VAT is calculated on the price of goods or services. A VAT return must be filed, and payment made each month. VAT came into effect on January 1, 2023.
Starting a business in Suriname is relatively straightforward once you understand the steps and requirements. The exact process depends on the type of business you want to establish, where it will operate, and whether you will employ staff. Although not mandatory, it is highly recommended to prepare a business plan
Work Permit When do I need a work permit? Every employer who wants to employ a worker of a nationality other than Surinamese (a foreign national) must have a work permit. Income tax for individuals (in SRD) Which authority issues a work permit? A work permit is issued by the
If you use a name to identify your business, it’s officially called a trade name. If you’re starting a business, it’s essential to choose an appropriate trade name. Selecting a good name for your business or legal entity (such as a limited company, foundation, or cooperative association) helps prevent confusion with other businesses. This matters because building brand recognition takes time and money.
