Suriname

Ease of Doing Business in

Suriname

This page summarizes Doing Business 2013 data for Suriname. The first table lists the overall "Ease of Doing Business" rank (out of 185 economies) and the rankings by each topic. It also lists the economy's distance to frontier (DTF)** measure. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

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Economy Summary
Starting a Business
Dealing with Construction Permits
Getting Electricity
Registering Property
Getting Credit
Protecting Investors
Paying Taxes
Trading Across Borders
Enforcing Contracts
Resolving Insolvency
Region Latin America & Caribbean
Income Category Upper middle income
Population 529,419
GNI Per Capita (US$) 7,096
Doing Business 2013 Rank Doing Business 2012 Rank Change in Rank
164 160 down -4

Doing Business 2013 DTF** (% points) Doing Business 2012 DTF** (% points) Improvement in DTF** (% points)
40.4 40.4 0.0
Topic Rankings DB 2013 Rank DB 2012 Rank Change in Rank
Starting a Business 178 176 up -2
Dealing with Construction Permits 92 94 up 2
Getting Electricity 39 39 No change
Registering Property 171 171 No change
Getting Credit 159 158 up -1
Protecting Investors 183 183 No change
Paying Taxes 49 51 up 2
Trading Across Borders 97 93 up -4
Enforcing Contracts 180 180 No change
Resolving Insolvency 158 159 up 1

Economy Profile

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Additional Data

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Starting a Business

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The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.

DB 2013 Rank 178 DB 2012 Rank 176 Change in Rank down-2
DB 2013 DTF** (% points) 40.7 DB 2012 DTF** (% points) 40.2 Improvement in DTF** (% points) up0.5
YearNew business densityNumber of new limited liability companies
2011 0.109,405
Indicator Suriname Latin America & Caribbean OECD

The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).

View methodology Procedures (number)
13 9 5

The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

View methodology Time (days)
694 53 12

Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

View methodology Cost (% of income per capita)
110.9 33.7 4.5

The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita.

View methodology Paid-in Min. Capital (% of income per capita)
0.4 3.7 13.3
No. Procedure Time to Complete Associated Costs
1 Deposit paid-in minimum capital 1 day no charge
2 Verify uniqueness of company name 1 day SRD 100
3 Obtain extract and nationality declaration from the Civil Registry of each founder 1 day SRD 5 (SRD 1 per founder)
4 Pay fee at the Accountancy and Finance Department of the Ministry of Justice and Police 1 day included in procedure 6
5 Pay fee at the Districts Commissioner 1 day included in procedure 6
6 Draft and notarize company articles of association 3-4 days SRD 23,673
7 Apply for company registration at the Trade Register in the Chamber of Commerce 1-2 days SRD 50 to 100
8 Obtain approval of the act by the President 500 days no charge
9 Publish statement of no objection in Official Gazette 2-3 days SRD 1500
* 10 Register copy of approved act with the Trade Register of the Chamber of Commerce and Industry 1 day (simultaneous with previous procedure) no charge
* 11 Register company for taxes at the tax office of the Ministry of Finance 1 to 2 days (simultaneous with previous procedure) no charge
* 12 Buy insurance for the company 2 to 3 days (simultaneous with previous procedure) SRD 60 per person per year
* 13 Obtain trade license 6 months (simultaneous with previous procedure) SRD 550
* Takes place simultaneously with another procedure.

** The distance to frontier (DTF) measure shows the distance of each economy to the "frontier," which represents the highest performance observed on each of the indicators across all economies included in Doing Business since each indicator was included in Doing Business. An economy’s distance to frontier is indicated on a scale from 0 to 100, where 0 represents the lowest performance and 100 the frontier. Read more...

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