Invest
INVEST IN SURINAME: WHY TO INVEST?
Geographical location
It is perfectly located in the northeast of the South American continent, sharing a border with Brazil and French Guyana (EU), halfway between the Equator and the Caribbean. Therefore, it is relatively close to North America and a bridge between the continents that surround the Atlantic Ocean, a perfect spot for linking America, Europe, and Africa, as well as the Caribbean Islands. |
INVEST IN SURINAME: WHY TO INVEST?
Quick geographical facts
Capital
Paramaribo is the capital and largest city of Suriname, located on the banks of the Suriname River in the Paramaribo District.
Population
Has a population of 586.000 people with a low population density (3.76 people/km2).
Maritime
The Paramaribo Port links Suriname with the rest of the Atlantic and the rest of the world.
Aviation
Direct connection with the Netherlands, USA, Brazil, and other neighboring countries.
INVEST IN SURINAME: WHY TO INVEST?
Good access to other markets
Suriname has great access to different markets in the whole world, due to its low-level tariffs with key international trade partners and its strategic location. |
INVEST IN SURINAME: WHY TO INVEST?
Competitive labor and operational costs
Suriname is the ideal destination if you want to invest while saving costs in a perfect location.
Labor force: The country has a labor force of approximately 207.000 persons who master Dutch and possess a high level of English. The average age of the population is 29 years old meaning that there is a significant young well-educated workforce.
Wages: The minimum wage is 0,39$/hour, which is far lower than rest of the countries in the region.
Source: Global Wage Report 2020-21 (ILO)
* Estimation of the hourly cost done taking into account the daily, weekly, or monthly cost.
Operational costs like real estate and electricity are very low. In addition to this, the level of internet users is continuously growing and currently provides access to 286.000 people.
Low electricity price
US$ 0,052 per KWh
Low gasoline price
US$0.75 per litre
Low real estate price
150m2 office in city center from US$ 500 per month
The cultural, social, economic and geographical situation of Suriname has enabled a perfect environment for the proliferation of multiple professional services in the country, ranging from audit, tax and legal firms, insurance companies, financial services, consulting, advisory and research services, among others.
Starting a business
Establishing a business in Suriname is relatively easy, the registration process at the Trade Register of the Chamber of Commerce & Industry can be completed in a couple of hours.
Institutional Support
INVEST IN SURINAME: WHY TO INVEST?
Living environment: multiculturalism
Society
Suriname has one of the richest heritages in America. Multiculturalism is key within the society, which is formed by Amer-Indian, Afro-Surinamese, Chinese, Javanese and Indian people, among others.
The streets and architecture of its capital city, Paramaribo, are the perfect example of this rich and multicultural heritage. Although they are very influenced by the Dutch, in its streets we can easily find a Synagogue next to a Mosque and, nearby, the Mama Kerki or a gospel church.
Weather
Great temperature throughout the year 28°C.
Safety
Lowest homicide rate in the region
Diversity
Multicultural society made up of 586.000 people
Cuisine
Suriname’s cultural diversity is also present in the great variety of international cuisine, especially in the capital, where it is possible to find traditional dishes from all over the world: from spicy curried Hindustani cuisine to complex Javanese food and authentic Creole dishes.
Weather
Suriname has a tropical weather with an average temperature of 28ºC, being a very comfortable place to live and work. The country has a very rich biodiversity, ranging the coast through rivers to the deep tropical jungles, where it is possible to find unique and rare species of wildlife.