Testimonial
Manuel Ramos
TERAO ASIA
Managing Director
We think INS Global is a good solution about starting in a market like China. Understanding the market doesn’t mean you need to set up a company immediately.
5/5
Are you interested in expanding your business operations into Suriname? Engaging an Employer of Record in Suriname provides a cost-effective and compliant solution for entering the country’s market.
Employer of Record (EOR) service providers like INS Global handle HR-related functions, including payroll management, benefits administration, and hiring or transferring workers in Suriname. EOR service providers also manage employment contracts and ensure compliance with complex local labor or regulatory laws on your behalf.
With the right EOR support, international companies can avoid the challenges of unfamiliar legal and regulatory requirements needed to establish a subsidiary or branch office in Suriname.
Our in-depth knowledge of Surinamese labor laws mitigates the risks of costly fines or penalties due to noncompliance with crucial tax or labor laws.
Establishing a legal entity or branch office in Suriname can be time-consuming and expensive. In contrast, an EOR in Suriname significantly reduces costs and saves valuable time.
Without the burden of legal or administrative tasks, you can focus on core business activities and accelerate your entry into Suriname.
An EOR partner helps mitigate your risks of operating in a foreign country by assuming all employer liabilities, like employee onboarding and offboarding, payroll and tax management, and regulatory compliance.
An EOR partner with an extensive global presence like INS Global ensures you receive consistent, reliable, and comprehensive services in Suriname and the world over.
Establishing a legal entity or branch office in Suriname requires significant time, money, and resource investments. Meanwhile, you can finalize a partnership with an EOR within days and hire or transfer workers immediately.
EOR services allow you to enter the Surinamese market quickly, bypassing the complexities of incorporation while maintaining legal compliance and operational control.
As a result, EOR services in Suriname are a great choice for companies when:
Manuel Ramos
TERAO ASIA
Managing Director
We think INS Global is a good solution about starting in a market like China. Understanding the market doesn’t mean you need to set up a company immediately.
You can take the first step on the road to expansion with an Employer of Record in Suriname in just 4 steps:
In Suriname, a Professional Employer Organization (PEO) is an outsourced HR department providing payroll administration, benefits management, and compliance support.
In contrast, an Employer of Record (EOR) goes a step further by assuming the legal and administrative responsibility of employing workers on behalf of your company. The EOR becomes the legal employer of your workers, handling all aspects of employment, including payroll, taxes, and compliance with local labor laws.
An EOR in Suriname allows businesses to focus on core operations while minimizing administrative burdens and risks of employing in Suriname.
The Labor Act legislation governs labor contracts in Suriname. Labor contracts must be made in writing and signed by the employer and the employee.
The employment contract should clearly state the terms and conditions of employment and include the employer and employee’s full names, addresses, and identification numbers (if applicable).
Also, the contract should specify the entitlements for annual, sick, maternity/paternity, and other types of leave.
These are the common employment contract types for formalizing an employment relationship in Suriname:
The maximum duration of the probationary period in Suriname is 2 months.
The duration of the notice period for employer and employee in Suriname is determined based on the length of employment as follows:
Length of Employment | Employer Notice | Employee Notice |
< 10 years | As many weeks as the employment contract lasts for years | As many weeks as the employment contract lasts for years |
> 15 years | 4 months | 2 months |
> 10 years | 6 months | 3 months |
Employers in surname are required to provide severance pay as follows:
The statutory working hours in Suriname are 8.5 hours daily or 48 hours per week.
Employees are entitled to a minimum uninterrupted rest period of at least 45 minutes after working for 5 hours continuously.
The minimum additional compensation for overtime is as described below:
Overtime work during the week attracts an additional 50% compensation. But work on Sundays or public holidays is charged an extra 100%.
The minimum hourly wage in Suriname is SRD 38.50 (Suriname dollar).
Employees in Suriname are eligible for paid leave on the country’s 15 nationally recognized public holidays:
In Suriname, every employee who works a full calendar year without interruption is entitled to 12 vacation days per year.
An employee is considered to be employed without interruption if their number of permitted absent days is less than 30, excluding the days of sick leave and industrial accidents.
An employer is required to pay remuneration for short-term sickness (6 weeks), including illness related to maternity and non-industrial accidents, for workers who are sick for more than 2 days and employed longer than 4 months.
Suriname recently introduced 16 weeks of paid maternity leave. This new provision grants pregnant workers in the country an extended period to recover from childbirth, bond with their newborns, and navigate the early stages of motherhood.
Fathers can take up to 8 days for paternity leave.
Employers and employees in Suriname are required to make contributions to the country’s Universal and Social Security program as described below:
| Universal Rate | Social Security Rate |
Insured Person | None | 2.5% (gradually rising by 0.25% a year until reaching 14% by 2065) |
Self-employed | 4% | 5% (gradually rising by 0.5% a year until reaching 28% by 2065) |
Employer | 4% | 2.5% (gradually rising by 0.25% a year until reaching 14% by 2065) |
The Surinamese government levies corporate income tax on the profits generated by local companies. The corporate income tax rate in Suriname follows a progressive structure, from 36% to 38%.
Income tax in Suriname is progressive, according to an individual’s tax bracket, ranging from 0 – 38%.
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Foreign companies can set up a local entity in each country or use the services of a local EOR or PEO (Professional Employment Organization) in Suriname to hire the staff on-site directly.
An Employer of Record (EOR) takes on a company’s legal responsibilities and obligations in Suriname. EOR providers assume responsibility for various employer-related tasks and liabilities, including payroll administration, tax withholding, benefits management, and compliance with employment laws.
Incorporating a new subsidiary abroad can take 4-12 months. In contrast, by going through an EOR in Suriname, you can have employees working within weeks. procedures, etc.
The price of professional EOR services in Suriname is calculated as a percentage of the worker’s standard monthly compensation. This price includes all HR-related tasks required to ensure compliance with the country’s local employment laws.
Yes. An EOR in Suriname is a safe, legitimate, and efficient way to handle employer responsibilities without establishing a corporate structure. EORs ensure your safety by working with local legal professionals and offering excellent HR assistance.
An EOR service agreement ensures your team members will be paid accurately and on time each month. Also, employees can access all employee benefits in Suriname and be completely protected by the law.
Yes. Our team of recruitment consultants experts can find the best local talent in Suriname for your needs. Our professional networks have been built over years, and this, combined with an in-depth knowledge of regional business practices and a commitment to ethical hiring practices, helps to identify and hire talents in Suriname.
Yes. An Employer of Record in Suriname can access its online or offline pool of professional networks to help you find workers in various cities or regions. An EOR handles headhunting, interviews, and candidate selection in specific cities or areas in Suriname, depending on your needs or preference.
With INS Global, you can hire as many or as few employees as you need to achieve your goals. INS Global has no minimum or maximum hiring requirement, while other providers may require you to adapt your local plans to their structures. Instead, we offer you flexibility and scalability so you can scale up or down quickly at any time, depending on your needs.
Using a PEO service in Suriname eliminates needing a local business address. But the option for your employees to work in a shared workspace whenever convenient is a good idea.
Yes. We can manage the necessary visa and work permit processes for foreigners in Suriname. Also, we can handle situations where the local employment laws, tax laws, or employee benefits differ for Surinamese and foreigners.
EOR and PEO solutions help enterprises of all sizes, from SMEs to multinational corporations, employ foreign and local workers. In addition, our services allow companies to scale employment demands to meet work operations.
You can use staffing firms, and umbrella corporations are third-party options to hire independent freelancers in Suriname directly.
In Suriname, most independent contractors are self-employed or run small enterprises. So, these contractors must be hired following a work agreement rather than an employment contract.
Independent contractors in Suriname can often provide a CV, portfolio, verified references, and possibly a signed NDA.
The cost of hiring in Suriname should factor in expenses like salary, recruiting service fees, signing bonuses, and social security contribution payments.
Employers in Suriname manage payroll for all workers, usually at the end of every month. Employers are responsible for withholding and remitting amounts corresponding to employees‘ income tax and social security fund contributions.
The minimum hourly wage in Suriname is SRD 38.50 (Suriname dollars).
In Suriname, employers are responsible for organizing and withholding employees‘ income tax payments and social security fund contributions every month. Suriname employers must contribute to the country’s Universal and Social Security programs.
Suriname offers these visa types for employees who wish to work in the country:
Employees in Suriname are entitled to a state pension, severance pay, public holidays, paid leave (sick, annual, and parental leave), and health insurance.
Suriname‘s law does not permit unilateral changes to an employee‘s contract. Both parties must agree upon changes to an employee‘s working conditions.
In addition to public and private healthcare, Suriname operates a mandatory health insurance system called the National Health Insurance (NHI) scheme.
All residents of Suriname are required to enroll in the NHI. The NHI contributions are deducted from employees’ salaries, with employers and employees sharing the costs. The NHI covers various medical services, including consultations, hospitalization, medications, and specialized treatments.
The duration of the notice period for employees in Suriname is based on the length of employment. Employers in Suriname are required to provide severance pay as follows:
The Ministry of Labor, Technological Development, and Environment (Ministerie van Arbeid, Technologische Ontwikkeling en Milieu) is responsible for formulating and implementing labor policies, ensuring compliance with labor laws, and protecting the rights and welfare of workers in Suriname.
Employees in Suriname are eligible for paid leave on the country‘s 15 nationally recognized public holidays.
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