Want to setup a company in Suriname? This will tell you about tax laws in Suriname for a LLC which is the most common company structure in Suriname.
Suriname imposes corporate taxation on a worldwide basis. The predominant tax rate for income earned abroad, from our research, and this is not personal tax advice, is 36%. Suriname does not have major incentives to transfer in foreign earned profits. Taxes are high in Suriname because the headline Corporate Income Tax is 36%. This ranks Suriname as 174th overall with regards to corp. taxation rate internationally.
There is no value-added tax in Suriname, which ranks the country as 1st overall in terms of VAT globally. However, there is a turnover tax of 10% for goods and 8% for services. In terms of other taxation, there is not a social security scheme. But the employer is obliged to withhold 4% of an employee salary as a premium for public pension. The overall complexity of the tax system is low. This is measured by average time to comply with a country's labor tax requirements is as it is 24hours. Contributing to this is the number of yearly labor tax payments, which is 12 in SR.
Thin Capitalization rules are not enacted. This refers to any sort of requirements on companies' debt-to-asset ratios. Dividends received, both from resident and non-resident companies may be considered taxable income. A dividend is payments of an earnings of the business, determined by the board of directors, to a particular class of shareholders. Dividends can be one of the following stock, cash, or property. Capital Gains are usually treated as ordinary income and therefore subject to Corporate Income Tax. A capital gains tax is levied on the profits that a corporation or natural person realizes when he or she sells sells a capital asset for a price that is higher than the purchase price.
Dividends withholding tax is 25%. This should be interpreted that a LLC may pay tax at a 25% rate on its distribution of dividends to non-residents. Suriname only has concluded a tax treaty with Netherlands, where dividends withholding tax is 7.5%. Suriname does not impose withholding taxes on interest and royalty payments to non-residents.
Suriname has a tax on net wealth. There is a transfer tax. There are not known inheritance and real property taxes. There are no popular and well known research and development tax relief in Suriname.
The above is not tax or legal advice for your particular tax obligations. We are able to point you to an expert in Suriname who will advise you. Click the free consultation button above.
It takes approximately 48 hours to file and prepare documents for a Suriname Civil Law (Dutch).
The corporate tax is approximately 36% which is 174 in the world.
Owners of a company in Suriname are not allowed to carry back a loss and may be allowed to carry forward a loss for 7 years.
The vat rate in Suriname is 0% which ranks 1 in the world.
Thin capitalization rules are in effect. A company is thinly capitalised when there is a greater proportion of debt than equity. The minimum capitalization for a Suriname Civil Law (Dutch) is 100.
A corporate director is permitted, meaning this country is a good option if you are setting up a structure where you want to protect director liability.
The directors are not disclosed in the public registry of Suriname, Chamber of Commerce and Industry. Shareholders are not disclosed in the Chamber of Commerce and Industry.
Typically companies take 84 days to setup and there are 1 director(s) required and 1 shareholder(s) required at the time of incorporation.
Overall we think Suriname is a ok option and have given it a score of 47 as an IO score, using the Incorporations.IO proprietary formula.
We can help you form a company in Suriname. Click the button above for a no-obligation quote. We will provide you with all the necessary documents to open a bank account as well as a registered office in Suriname, which is required by law.
We can help you with your incorporations needs for an initial payment of just $1000.
Easy Step by Step Process:
The standard process typically takes between two (2) to three (3) weeks depending on when we receive all the required information from you. Once we receive your information, we will email you a complete set of documents for your review within 3 working days upon confirmation of payment. After executing the documents, you will need to mail them to us and we will formally submit your application for filing with the Registry. The Registry will then take about 3-8 working days to process the incorporation and produce certificates necessary for opening your bank account.
Applying for Your Bank Accounts:
Incorporations.IO maintains close working relationship within our extensive network of partner banks to help you apply for and receive banking services that are most appropriate to your specific situation. From the time of verification of incorporation it can take (1) one week to (2) two weeks to apply for and receive a bank account. We work primarily with banks that allow for remotely opened accounts to ensure you are ready to do business as soon as possible.
Applying for Payment Processing:
We include introductions to payment processors or merchant accounts with all of our incorporation services. Whether you just need standard credit card processing or specialized services for high risk processing, we have partners that can assist you and are happy to help you with introductions that can empower your business.
Start Online or via Phone:
We can get started for you whenever you are ready via a US$1000 initial payment via credit card. I get notified whenever a payment is made here and would send out the welcome letter and initial forms we would need within 12 hours. If you prefer, we can also process via a phone or Skype call.