Suriname

Ease of Doing Business in

Suriname

This page shows summary Doing Business 2012 data for Suriname. The first table lists the overall "Ease of Doing Business" rank (out of 183 economies) and the rankings by each topic. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

Region Latin America & Caribbean
Income Category Upper middle income
Population 524,345
GNI Per Capita (US$) 6,975.00
Doing Business 2012 Rank Doing Business 2011 Rank Change in Rank
158 153 down -5
Topic Rankings DB 2012 Rank DB 2011 Rank Change in Rank
Starting a Business 173 172 up -1
Dealing with Construction Permits 98 97 up -1
Getting Electricity 38 37 up -1
Registering Property 170 168 up -2
Getting Credit 159 139 up -20
Protecting Investors 181 181 No change
Paying Taxes 34 32 up -2
Trading Across Borders 105 99 up -6
Enforcing Contracts 178 178 No change
Resolving Insolvency 157 154 up -3

Economy Profile

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Starting a Business

Info

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 2012 Rank 173 DB 2011 Rank 172 Change in Rank down-1
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).

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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.

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Time (days)
694 54 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.

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Cost (% of income per capita)
115.0 37.3 4.7

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.

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Paid-in Min. Capital (% of income per capita)
0.5 4.3 14.1
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 15,572
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.

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