Employer of Record in Suriname

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: 

• Work Permit: This is the primary visa for foreign employees working in Suriname. This visa requires sponsorship by a Surinamese employer. 

• Short-Term Work Visa: This visa is ideal for employees coming to Suriname for a temporary work assignment or a project that lasts less than one year. 
• Intra-Company Transfer Visa: This visa category is for employees transferred from a company’s foreign branch to its Surinamese counterpart.  

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: 

• 0 – 4 years: 4 weeks of severance pay 
• 5 – 9 years: 1 week of severance pay per year of service 
• 10 – 15 years: 4 months of severance pay 
• More than 15 years: 6 months of severance pay 

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.