Page 139 - Caribbean-Central America Profile 2018

SURINAME

CARIBBEAN-CENTRAL AMERICA PROFILE 2018

TRADE AGREEMENTS AND • Trade promotion treaties with Indonesia, ELECTIONS
INVESTMENT TREATIES India, and China. General elections were held on 25th May 2015.
Suriname has bilateral investment treaties with • CARIFORUM – E.U. Economic Partnership T he National Democratic Party won an absolute
Indonesia and the Czech Republic. Suriname Agreement majority for the first time, capturing 26 of the 51
is an original Member of the WTO and grants contested seats. The next general election is due
MFN treatment to all its trading partners. It GOVERNMENT in May 2020.
has General Agreement on Trade in Services Suriname is a constitutional democracy.
(GATS) commitments in 12 sectors. In 1993, GOVERNMENT LEADERS
Suriname signed an Agreement on Bilateral Elections for the National Assembly, which in President
Trade Relations with the United States; turn elects the President and Vice-President, Dési Bouterse
however, the agreement has not been ratified by are held every five years. The ministers are Kleine Combeweg 2-4
the National Assembly. appointed by the President. The country is Paramaribo, Suriname
divided into ten administrative districts, each Tel: (597) 472841
Other international agreements into which headed by a District Commissioner who is also Fax: (597) 475266
Suriname has entered are: appointed by the President. Members of the Email: secretariaat@president.gov.sr
• A double taxation treaty with the Netherlands Ressort Council are elected at the same time as Vice President
• A trade agreement with the People’s the National Assembly. Based on the number Michael Ashwin Adhin
Republic of China (1998) CARICOM of Ressort Council members, political parties Dr. S. Redmondstraat 118
• Trade agreements by virtue of CARICOM are awarded members for the District Council. Paramaribo, Suriname
membership with Venezuela, Costa Rica, The Ressort and District Councils are important Tel: (597) 474805
Brazil, Cuba, the Dominican Republic, and democratic institutions at the local and regional Fax: (597) 472917
Colombia. level. E-mail: kabinet@vicepresident.gov.sr

Starting a Business - Registration Requirements:
No. Procedure Time to complete Costs
1 Obtain husband’s identification documents. 1 day no charge

2 Open a bank account to deposit paid-in minimum capital. 1 day no charge

3 Verify the uniqueness of the company name. 1 day SRD 100
Obtain the extract and nationality declaration for each founder
4 1 day SRD 5 (SRD 1 per founder)
from the Civil Registry
Pay the fee at the Accounting and Finance Department of the
5 1 day included in procedure 6
Ministry of Justice and Police
6 Pay the fee at the District’s Commissioner 1 day included in procedure 6

7 Draft and notarize the articles of association 4 days on average see procedure details

Apply for company registration at the Trade Register of the
8 1 day on average SRD 150
Chamber of Commerce
9 Obtain the approval of the act by the President 14 days no charge

10 Publish the statement of no objection in the Official Gazette 3 days on average SRD 1,500
Register a copy of the approved act with the Trade Register of 1 day (simultaneous with previous
11* no charge
the Chamber of Commerce and Industry procedure)
2 days on average (simultaneous with
12* Register for taxes at the tax office of the Ministry of Finance. no charge
previous procedure)
2 days on average (simultaneous with
13* Buy accident insurance. SRD 60 per person
previous procedure)
2 months (simultaneous with previous
14* Obtain the trade license. SRD 650
procedure)
* Takes place simultaneously with another procedure Source: The World Bank Group

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