Suriname is a country with extensive natural resource, fresh water and a large tropical rainforest. The temperature is very favorable for agricultural activities. Recently, the Surinamese Government has invested heavily in infrastructural development resulting in the rehabilitation, and expansion of the (sea) port and the renovation the international airport.
Attractive for investors is the fact that there are a number of sectors that still have ample room for growth like:
The tourism sector and all supplying industries such as the hotel industries, the hospitality industry and the service industry
The mining sector
The oil sector
The production sector such as agriculture, stock breeding, fishery and all supplying industries
The Ministry of Trade and Industry is working hard towards improving the business climate and also simplifying the procedures for doing business in Suriname. This includes procedures for obtaining permits. Also steps have been taken to create a 24/7 economy, which will extend the hours of economic activities and create many more job opportunities.
Procedures
According to the law several business activities require a license. Registration in the Trade Register of the Chamber of Commerce is also mandatory for all business in Suriname.
The Government has taken steps to improve the investment climate in Suriname and also to improve the international ranking of Suriname on the "Ease of Doing Business" list of the World Bank. Investors nowadays are looking for the most favorable environment which lead to competition between countries and also between companies on regional and international level.
To compete internationally as investment environment and to keep up with trends the Ministry of Trade and Industry has recently announced that as of September 7, 2015, applications for licenses can only be submitted and collected at the One Stop Window of the Chamber of Commerce and Industry (KKF). In addition to the abovementioned, the handling procedures for issuance of business permits are also expedited.
www.surinamechamber.com
Detailed information on which specific businesses and professions require a license is available at the Chamber of Commerce & Industry and the licensing department of the Ministry of Trade and Industry www.gov.sr/ministerie-van-hi.aspx .
For businesses and professions, which no longer require a license it is sufficient to register at the Chamber of Commerce and Industry under their applicable conditions.
The Ministry of Trade remains, as required by law, responsible for the approval of business licenses
Depending on the business preference the average waiting period for a license is minimum 30 working days. Before registering however it is very important to think about the legal entity that best suits the business model because the registration fee is non-refundable.
Serial No. | Address |
1 | Ministry of Trade and Industry Licensing Department Havenlaan 1 Paramaribo Phone: (597) 402080/402886 Email: odindustrie@gmail.com Website: www.gov.sr/ministerie-van-hi.aspx |
2 | Chamber of Commerce and Industry of Suriname Kamer van Koophandel en Fabrieken (KKF) KKF Beursterrein Prof. W.J.A. Kernkampweg Paramaribo – Suriname Phone (597) 530311/530313 Fax: (597) 437971 Email: chamber@sr.net Website: www.surinamechamber.com |
3 | Associatie van Surinaamse Fabrikanten (ASFA) Association of Surinamese Manafacturers Mr. J. Lachmonstraat 187 Paramaribo-Suriname Phone :(597)439797 Fax: (597)439798 E-mail: asfa@sr.net Website: www.asfasuriname.com |
4 | Vereniging Surinaams Bedrijfsleven (VSB) Suriname Trade and Industry Association Prins Hendrikstraat 18 P.O.Box 111 Paramaribo-Suriname Phone:(597)475286/475287 Fax: (597)472287 E-mail: vsbtia@sr.net |
5 | Suriname-India Investments & Trade Promotion Organization (SITPO) Lallarookhweg 17 Paramaribo-Suriname Phone :(597)430150 Fax: (597)531892 E-mail: info@sitpo.org |
6 | Associatie van Kleine en Middelgrote Bedrijven in Suriname (AKMOS) Association of Small and Medium Entrepreneurs in Suriname Van Raderstraat 11 Paramaribo-Suriname Phone :(597) 420292 Fax: (597) 581429 E-mail: jinglesco@sr.net |
7 | Suriname Business Forum (SBF) Hendrikstraat 69 Mottonshoop – Paramaribo Suriname Phone: (597) 499010 Fax: (597) 499011 E-mail: info@surinamebusinessforum.org / info@sbc.sr Website: www.surinamebusinessforum.org |
8 | Women Business Group (WBG) Frederick Derbystraat 64b Paramaribo-Suriname Phone :(597) 425940 Fax: (597) 424697 E-mail: wobus@sr.net |
9 |
Suriname India Chamber of Commerce and Industry (SICCI) |