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Capital City
Paramaribo
Currency
Surinamese dollar
(
$
)
Timezone
GMT -3
Payroll Frequency
Tax Year
Employer Tax
Languages
Dutch
Capital City
Paramaribo
Currency
Surinamese dollar
(
$
)
Timezone
GMT -3
Payroll Frequency
Tax Year
Employer Tax
Languages
Dutch
Nestled in South America, Suriname is abundant in natural resources, boasting a GDP of USD 2.86 billion.
The mining sector in Suriname plays a pivotal role, contributing nearly half of the public sector's revenue, with gold constituting over 80 percent of the country's exports.
The government is actively pursuing digitalisation initiatives, presenting prospects for growth in IT and cybersecurity.
Suriname's demographic landscape reveals a youthful and expanding population, with over 60% under the age of 30.
Businesses can only operate smoothly in Suriname if they comply with local labor laws including drafting compliant employment contract agreements and meeting taxation and payroll obligations. Learn more about the employment laws and regulations in Suriname below, to avoid any compliance issues.
We can help you get a new employee started in Suriname quickly, with a minimum onboarding time of just 1-2 working days. The timeline starts once the employee submits all required information onto the Playroll platform and completes any necessary local authority registrations.
For non-nationals, the Right to Work assessment (if applicable) may add up to three extra days. Additional time may be needed for follow-ups on this assessment.
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The payroll cycle in Suriname is usually Monthly, with employees being paid as stipulated in employment contract.
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In Suriname, work permits and visas are essential for employers hiring foreign workers. The process involves submitting applications, paying fees, and meeting specific eligibility criteria. The key visa types include the Temporary Work Visa, Permanent Work Visa, Skilled Worker Visa, and Investor Visa. Employers must ensure compliance with local labor regulations when sponsoring foreign employees.
The annual leave entitlement in Suriname is 12 days for a full time worker. These can include public holidays on top of that or within those days, which would otherwise be unpaid.
An Employer of Record (EOR) helps businesses manage annual leave, paid time off (PTO), and local holidays across the globe, including in Suriname. By partnering with an EOR, companies ensure full compliance with local labor laws in Suriname when it comes to annual leave and time-off management. EOR providers like Playroll offer platforms that simplify tracking and managing employee time off in Suriname. By outsourcing this responsibility to Playroll, you can streamline leave management, ensure compliance, and free up time to focus on other business priorities.
Disclaimer
THIS CONTENT IS FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE LEGAL OR TAX ADVICE. You should always consult with and rely on your own legal and/or tax advisor(s). Playroll does not provide legal or tax advice. The information is general and not tailored to a specific company or workforce and does not reflect Playroll’s product delivery in any given jurisdiction. Playroll makes no representations or warranties concerning the accuracy, completeness, or timeliness of this information and shall have no liability arising out of or in connection with it, including any loss caused by use of, or reliance on, the information.
ABOUT THE AUTHOR
Jesse Weisz
Jesse is an experienced R&D Analyst at Playroll, a leading Employer of Record (EOR) provider. With a strong background in data analysis and market research, Jesse specializes in identifying emerging trends and driving innovation in global HR solutions. She is an all-rounder, critical thinker and success-seeker (often inextricably linked to being a late-night tea drinker).
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