Suriname is a country located on the northeastern coast of Latin America. The jurisdiction is one of the safest investment locations in the world. Is its economy based on the export of aluminum oxide, as well as on the extraction of bauxite and gold? Therefore, in recent years, more and more foreign investors prefer to register companies in Suriname.
If you are interested in starting a business in Latin America, contact our specialists for advice on company formation.
Legal structures in Suriname
Decide which type of company best suits your business plans
• limited liability company (LLC);
• limited liability partnership;
• a branch for an existing parent company abroad.
The most convenient and popular legal entity among foreign entrepreneurs is a limited liability company, and the following requirements must be met to open an LLC in Suriname:
• have a minimum share capital of 100 SRD ($ 30);
• there must be at least one director and at least one shareholder;
Suriname company registration procedures
1. The first step in forming a business in Suriname is to check whether the company name is 100% unique.
2. You must then open a corporate bank account in Suriname and deposit the minimum capital required for your business.
3. The third step in the process of registering a company in Suriname is obtaining citizenship and an extract from the Civil Registry.
4. Payment of stamp duty is also a requirement that must be fulfilled in the Department of Accounting and Finance of the Ministry of Justice and Police.
5. Another fee must be paid by the district commissioner, and the articles of association must be notarized at the notary office.
6. Then you need to apply for the registration of a Suriname enterprise in the Chamber of Commerce. Certain documents must be provided, namely the draft charter, copies of each founder’s identity cards, and their passport photographs.
7. Finally, you must obtain the approval of the act in the Office of the President and then register with the tax office at the Ministry of
Finance
Also, note that audits will need to be conducted annually (this requires an auditor to be hired) and financial statements must be filed with the appropriate authorities.
To register a company in Suriname, a local office and a secretary are required.
Business license
For your business to be legal, you need to register a license to do business in Suriname.
Our experts can provide additional information on this issue. To do this, sign up for a personal consultation using the contacts listed on the site.
Taxation in Suriname
There is no value-added tax in Suriname, which ranks first in the world in terms of VAT. However, there is a turnover tax of 10% for goods and 8% for services. The corporate tax is 36% and the dividend tax is 25%.
BUSINESS INFORMATION AND BUSINESS REPORTS FOR COMPANIES REGISTERED IN THE REPUBLIC OF SURINAME:
- Depending on your tasks, the following information may be included in the Surinamese company reference:
- name (including legal form);
- about the creation of the company (date of creation, registration number);
- action status;
- activities;
- address and other contact details;
- mentions in the media;
- branches and representative offices in Russia;
- established companies in Russia;
- participation in court cases on the territory of Russia;
- and other requested information.
The business reference is prepared based on data from the state register of companies in Suriname, state registers, and other reliable sources.
The amount of data in the report depends on your goals, the type of company, and the data available in the registries.
