The ISO code of Suriname is SR according to the ISO 3166 standard. The local name of the country is the same as its English name. Suriname capital city is Paramaribo. People in Suriname speak the Dutch language. On 25 November 1975, Suriname emerged as a sovereign political entity. In the year 11/25/1975, Suriname emerged as a sovereign political entity. The largest city in Suriname is Paramaribo.
Suriname is located in the UTC -03:00 time zone, which is also called Argentina Time or ART. The internet country code top-level domain (ccTLD) for Suriname is .sr. The International dialing code for Suriname is 597. People in Suriname drive on the left side of the road. Total land area of Suriname is 163,820 km² (approx. 63,251 mi²). Suriname is not a landlocked country. It means that is is bordered by at least one major body of water.
Suriname is located in South America. Suriname is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.
Currently Suriname faces various issues, including deforestation as timber is cut for export, pollution of inland waterways by small-scale mining activities.
Doing business in Suriname
We offer various corporate services in Suriname jurisdiction. These services can serve both, people coming from Suriname and foreigners. If you plan on doing business in Suriname you might be interested in contacting us.
To find out about starting your business in Suriname click on company formation in Suriname.
To find out how to open a bank account in Suriname and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Suriname.
Choose preferred service below or continue reading to find out more about Suriname.
Demographics of Suriname
The total population of Suriname is 568,301 people. In Suriname, the population density is 3.26 people per square kilometer (8 per square mile). Because of this statistic, this country is considered to be very sparsely. The ethnic diversity is rather diverse according to a fractionalization scale which for Suriname is 0.7332. Suriname has approximately 41670 foreign immigrants. The median age is approximately 28.6 years. In Suriname, 34.68 in every 100 people use internet. Suriname has a Human Development Index (HDI) of 0.705.
The majority religion of Suriname is Christianity, Suriname is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of Suriname.
Culture of Suriname
People in Suriname speak the Dutch language. According to data on inbound tourists in Suriname, 249,000 tourists arrive in the country each year. The first McDonalds in Suriname was opened on 18 December 1997, and it was located in Paramaribo. One of the most popular national dishes of Suriname is saoto soup. To read more click on culture of Suriname.
Geography of Suriname
Suriname is considered to be a large nation because of its total area. Its total land area is 163,820 km² (approx. 63,251 mi²). Suriname is located in South America. Its capital city is Paramaribo. Suriname has 3 neighbouring countries. Its neighbours include Brazil, French Guiana, and Guyana. Total length of land borders of Suriname is 1907 kilometers (~736 miles).
The highest point of Suriname is Juliana Top, with its official height being 1230 m (4,036 ft). Including land mass and EEZ, the total area of Suriname is approximately 291,592 km² (~112,584 mi²). The most notable natural resources found in Suriname are timber, hydropower, fish, kaolin, shrimp, bauxite, gold, and small amounts of nickel, copper, platinum, iron ore.To read more click on geography of Suriname.
Economy of Suriname
The currency of the country is Surinamese dollar. The symbol used for this currency is $, and it is abbreviated as SRD. 8.1% of population in the country are unemployed. The total number of unemployed people in Suriname is 46,032. Each year, Suriname exports around $2.51 billion and imports roughly $1.78 billion. The Gini Index of the country is 57.61. Suriname has a Human Development Index (HDI) of 0.705.Suriname has a government debt of 29.% of the country's Gross Domestic Product (GDP), as assessed in 2013. Suriname is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are bauxite and gold mining, alumina production, oil, lumbering, food processing, fishing.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Suriname is $8,987 billion. Each year, consumers spend around $466 million. The ratio of consumer spending to GDP in Suriname is 0%, and the ratio of consumer spending to the world consumer market is 0.0013. The corporate tax in Suriname is set at 36%. Personal income tax ranges from 38% to 38%, depending on your specific situation and income level. VAT in Suriname is 0%, and it is known as Sales Tax. In 2013, Suriname received 39.6 million USD in foreign aid.In 2014, the foreign aid amounted to 90.5 USD.To read more click on economy of Suriname.
Infrastructure of Suriname
In Suriname, 100% of the population has access to electricity. There are 188 internet hosts in Suriname. Suriname has 55 airports nationwide.
The number of road motor vehicles per 1000 inhabitants in Suriname is 89. To read more click on infrastructure of Suriname.
Politics of Suriname
Suriname, is a unitary parliamentary constitutional republic. With regard to political and civil freedoms, Suriname is 1. Citizens in Suriname experience total freedom. The majority of countries in which citizens enjoy expansive civil liberties and political freedoms are representative democracies, in which officials are directly elected by citizens to advocate for their needs and desires. Free countries are often bolstered by healthy economies and high-functioning governments. The head of the government is Dési Bouterse.
According to the World Bank Group, the government effectiveness index of Suriname is -0.16. This indicates that the government of Suriname is mediocre. While some public and civil services are limited, in other cases they can be considered adequate or even effective. Potential investors should carefully evaluate the governmental situation in Suriname before considering any business maneuvers.In Suriname, the legislative power is vested in a National Assembly. The strength of legal rights index for Suriname is 2. Overall, it is considered to be rather weak - bankruptcy and collateral laws are unable to protect the rights of borrowers and lenders in case of credit-related complications; credit information, if any at all, is scarce and hardly accessible. In 2013, Suriname received 39.6 million USD in foreign aid. In 2014, the foreign aid amounted to 90.5 USD. Suriname is a member of the United Nations (UN). On 4 December 1975, it joined the UN as a full member state. Suriname is a member of the World Bank. To read more click on politics of Suriname.
Environment of Suriname
Suriname emits 3.6 metric tons per capita of CO2. 147760 km² of Suriname's territory is covered in forests. and forest land comprises 90% of all the land in the country. The number of road motor vehicles per 1000 inhabitants in Suriname is 89. To read more click on environment of Suriname.
Company formation in Suriname
The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in Suriname.
When establishing a company in Suriname, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of Suriname that will affect the establishment and growth of one's business. Contact us or click on company formation in Suriname to read additional information when setting up a business.
Bank account opening in Suriname
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Suriname. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.
When considering opening a bank account in Suriname, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in Suriname or contact us.