How to Register a Sole Proprietorship (Eenmanszaak) in Suriname

In Suriname, many freelancers and independent contractors prefer operating as sole proprietors because it offers simplicity, lower administrative burdens, and full control. Compared with forming a company, the process tends to be less bureaucratic—but it's not without hurdles. Key challenges include being personally liable for all business debts (no legal separation between your personal and business assets) and navigating local registration and tax systems that are still undergoing digital transformation. The benefits, however, are compelling: you keep all profits (after taxes), you avoid corporate compliance complexity, and it's generally quicker and cheaper to get started.

Disclaimer: This article is for informational purposes only and is not a substitute for legal advice. Please always check official sources or seek professional guidance before taking action.

What is a sole proprietorship in Suriname?

In Suriname, the equivalent term for a sole proprietorship is eenmanszaak (Dutch). In various contexts, it may also be called:

• Sole trader
• Self-employed worker
• Independent contractor

These terms all describe the same model: one person running a business without forming a separate legal entity.

How does a sole proprietorship (eenmanszaak) work in Suriname?

Eenmanszaak vs. other business structures in Suriname

There are alternatives to setting up a sole proprietorship in Suriname, with the most common being the Naamloze Vennootschap (NV), or limited liability company. If you are looking to expand, attract investors, or reduce your personal liability, an NV may be a better option. Below is a comparison between the two structures to help you decide which fits your goals best.

Step-by-step guide: How to register a sole proprietorship in Suriname

Step 1: Check your eligibility

Citizens of Suriname can freely register as sole proprietors without additional residency requirements. Legal residents are also eligible, provided they hold valid documentation and comply with local business regulations. Foreign nationals may establish a sole proprietorship as well, but they must first ensure they meet visa or permit requirements before operating locally. In all cases, the business must comply with sector-specific licensing rules and regulations.

Step 2: Choose your business name

You may trade under your personal name or select a distinct trade name. It must not conflict with existing registered names. When registering with the KKF, you'll need to submit the chosen name. You can search existing company names with the government tool.

Step 3: Gather required documents

You'll typically need:

• Valid identification (ID card, passport)
• Proof of professional competence (degree, training certificate, when relevant)
• Estimated annual income / projected turnover
• Business address (lease or ownership documents)
• Authorization when someone else is acting on your behalf (notarized)

Step 4: Register with KKF and the tax authority

You must register with the KKF for entry into the trade register. You can do this via the government's e-service portal.

Step 5: Pay registration fees and contributions

After your application is approved, you’ll need to cover the registration fees at the KKF. The standard cost is SRD 100 per year for maintaining your trade name. If you request a name search, there is a one-time payment of SRD 200, after which you continue with SRD 100 per year. Payments must be made in cash at the KKF, together with a printed order form. These fees are straightforward and relatively low compared with forming a company, and there are no capital requirements. Depending on your business activity, additional fees may apply for licenses or permits required by other authorities.

Step 6: Complete post-registration obligations

After registration, you must maintain ongoing compliance. This includes keeping proper accounting records, issuing invoices, and filing income tax returns annually or quarterly, depending on your income. If your turnover exceeds the statutory threshold, you will also need to register for VAT through the Belastingdienst’s e-portal. Any changes to your business, such as address, name, or scope of activity, must be updated with the authorities. In addition, if you hire employees, you are responsible for payroll taxes, registering them with Social Security, and ensuring compliance with labour laws.

Financial and tax obligations for sole proprietors in Suriname

You are responsible for:

• Income tax: Sole proprietors pay progressive individual income tax ranging from 0% to 38% on net taxable income. Filing is done annually.
• VAT (BTW): Suriname applies a value-added tax system. The standard VAT rate is 10%, with reduced rates of 0% for exports and exemptions for certain goods and services. VAT registration is mandatory if your turnover exceeds the statutory threshold, and returns are generally filed quarterly.
• Social security contributions: While there is no fixed social security regime for sole proprietors who work alone, contributions may apply if you hire employees or opt into voluntary coverage schemes. Employers must register staff with social insurance institutions, and payroll contributions are calculated as a percentage of wages.
• Record-keeping: You must maintain detailed bookkeeping records, including invoices, receipts, and financial statements, to substantiate your filings. These records must be kept for at least 7 years, as the tax authority can request access during audits.
• Invoicing: Every invoice must include your name (or trade name), business registration number, client details, date, description of goods or services, and any applicable VAT. Invoices must be numbered sequentially and retained in your records.

Launch your contracting career and stay compliant with Deel

Registering as a sole proprietor gives you independence, but it also means handling taxes, invoices, and records on your own. Deel’s all-in-one platform helps you manage obligations without the stress. With Deel, you can:

• Automate invoicing and expense tracking with essential Bookkeeping tools
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• Keep accurate records for tax season
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• Spend your earnings in USD with the Deel Card
• Access funds early with Deel Advance
• Enjoy contractor perks from 150+ partners

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FAQs

What is the minimum capital required to start an eenmanszaak in Suriname?
There is no legal minimum capital requirement for a sole proprietorship.

Do eenmanszaken need to register for VAT (BTW)?
Yes, if your turnover exceeds the statutory threshold, you must register via the Belastingdienst e-portal.

How much are standard registration and annual fees?
You might pay an annual trade register fee of up to SRD 100, as well as additional administrative charges.

Can an eenmanszaak hire employees?
Yes. If you hire employees, you must withhold payroll taxes, register them with Social Security, and comply with labour laws.

How long does it take to register a sole proprietorship?
The process can be relatively quick (a few days) if all documents are in order and authorities are responsive, but in practice, timing depends on how fast KKF and the Belastingdienst process registrations.

Can foreign nationals register as an eenmanszaak in Suriname?
Yes, but they must satisfy local residency, permit, or visa requirements. It’s important to confirm the legal status of non-citizens.

Do I need a separate business bank account?
While not strictly mandated, using a separate account is strongly recommended for clarity in bookkeeping and tax audits.

What happens if I stop working as an eenmanszaak?
You must deregister or notify KKF and the Belastingdienst, settle outstanding tax liabilities, and file final returns or forms as required by law.

Are there any government incentives or reduced rates for new entrepreneurs?
There is no widely publicized generic discounted regime for new sole proprietors, but occasional subsidies, grants, or support programs may exist via government entrepreneurship agencies or local development funds. Entrepreneurs should check with KKF or the relevant ministries.

Can I use Deel as an eenmanszaak to get paid by international clients?
Yes. Deel supports freelancers and contractors in Suriname in receiving payments from clients globally, with multiple currency support and transparent exchange rates.

Does Deel generate compliant invoices for eenmanszaken?
Yes. Deel can auto-generate invoices that comply with local and international norms, aiding your legal compliance.

Can Deel help me with taxes as a sole proprietor in Suriname?
Deel provides downloadable tax and payment reports useful for your filings. While Deel is not a substitute for an accountant, it simplifies record-keeping and supports compliance with Suriname’s tax rules.

Does Deel offer contracts for freelancers and eenmanszaken?
Yes. Deel provides contract templates that align with local laws, so you can engage with clients safely and professionally.

Can I access benefits through Deel as an eenmanszaak?
Yes. Deel offers optional perks like health insurance, retirement saving options, and other benefits that are usually reserved for employees—helping give freelancers more security.