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FDI in Figures

According to the UNCTAD's World Investment Report 2025, FDI inflows to Suriname were negative by USD 27 million in 2023, following another negative flow of USD 63 million one year earlier. At the end of the same period, the FDI stock was estimated at USD 1.82 billion, around 42% of the country’s GDP (compared to 70.4% in 2020). Gold, bauxite, and oil are the main sectors that attract FDI. Recent investments have also been made in palm oil. The main investing countries are the United States, Belgium, and the Netherlands. Recent investment activity in Suriname is primarily focused on the country’s emerging offshore oil sector. In June 2025, Petronas (Malaysia) signed a production-sharing contract for Block 66 and began drilling in Block 52 in July. TotalEnergies (France) acquired a 25% stake in Block 53 in June 2025 and is leading the USD 10.5 billion Gran Morgu project, with Staatsolie holding a 20% stake financed via a USD 515.8 million bond issued in March 2025. APA Corp. (USA) plans to invest around USD 200 million in 2025, while Hess Corp. (USA) exited Block 59 in July 2025, returning it to Staatsolie. In June 2024, the Islamic Development Bank, along with Saudi and OPEC funds, committed over USD 105 million to upgrade electricity networks in Paramaribo and Nickerie. Chinalco (China) signed a deal in November 2022 for a planned USD 426 million bauxite project, pending parliamentary approval. Between 2022 and 2025, China also funded a USD 10.5 million agricultural technical centre in Saramacca. Broader Chinese engagement includes around USD 400 million in bilateral trade and projects such as the USD 28 million Regional Hospital Wanica, reinforcing Suriname’s position as an emerging destination for energy, infrastructure, and resource-driven FDI.
The Surinamese government actively supports and promotes foreign investment. To attract FDI, the government has outlined plans to modernise the country's institutional and legal frameworks to protect investors and eliminate restrictions regarding investment income transfers. Except for the oil sector, Suriname has no economic or industrial policies that discriminate against foreign investors or foreign-owned investments; oil ownership, however, is restricted by law to the State Oil Company Suriname (Staatsolie), and foreign investment is possible through exploration and production sharing contracts with Staatsolie. No law requires Surinamese nationals to own a share of foreign investments, nor is there a requirement for said share of foreign equity to be reduced over time. The low level of investment in Suriname, despite its rich natural resources, can be explained by the country's poor business environment, which is hampered by various factors, including a lack of clarity in the concession and tender awarding processes, corruption, limitations in institutional capacity, and a general lack of transparency. Suriname's Investment and Trade Agency (SITA) serve as the country's primary promotion agency. It functions as an autonomous state-owned entity under the oversight of the Ministry of Foreign Affairs, International Business, and International Cooperation of Suriname. Finally, the country ranks 88th among the 180 economies on the Corruption Perception Index 2024 and 144th out of 184 on the latest Index of Economic Freedom.

 

Country Comparison For the Protection of Investors

  Suriname Latin America & Caribbean United States Germany
Index of Transaction Transparency* 1.0 4.1 7.0 5.0
Index of Shareholders’ Power*** 6.0 6.7 9.0 5.0

Source: Doing Business - Latest available data.

Note: *The Greater the Index, the More Transparent the Conditions of Transactions. **The Greater the Index, the More the Manager is Personally Responsible. *** The Greater the Index, the Easier it Will Be For Shareholders to Take Legal Action.

 
Foreign Direct Investment 202220232024
FDI Inward Flow (million USD) 3-63-27
FDI Stock (million USD) 1,935.71,854.01,827.1
Number of Greenfield Investments* 3.01.00.0

Source: UNCTAD - Latest available data

Note: * Greenfield Investments are a form of Foreign Direct Investment where a parent company starts a new venture in a foreign country by constructing new operational facilities from the ground up.

 

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Tax Rates

Value Added Tax (VAT).
10% on goods and 8% on services. Luxury goods are taxed at 25%; whereas exports and imports from Caricom are zero-rated.
Company Tax
Flat rate of 36%
Withholding Taxes
Dividends: 25%; Interests: 0%; Royalties: 0%.
Bilateral Agreement
Suriname and Spain are not bound by a Double Taxation Agreement.
Social Security Contributions Paid By Employers
6.75%
Other Domestic Resources
Directorate of Taxes, in Dutch
Consult Doing Business Website, to obtain a summary of the taxes and mandatory contributions.
 
 

Individual Taxes

Personal income tax Progressive rates from 0 to 38%
SRD 0 - 2,646 0%
SRD 2,647 - 14,002.80  8%
SRD 14,002.81 - 21,919.80 18%
SRD 21,919,81 - 32,839.80 28%
SRD 32,839.80 and over 38%
Solidarity tax for COVID-19 10% in addition to standard tax rate for individuals with taxable income exceeding SRD 150,000
 
 

Country Comparison For Corporate Taxation

  Suriname Latin America & Caribbean United States Germany
Number of Payments of Taxes per Year 30.0 28.2 10.6 9.0
Time Taken For Administrative Formalities (Hours) 199.0 327.5 175.0 218.0
Total Share of Taxes (% of Profit) 27.9 46.8 36.6 48.8

Source: Doing Business - Latest available data.

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Investment Opportunities

Tenders, Projects and Public Procurement
Inter-American Development Bank, Tenders in South America
DgMarket, Tenders Worldwide
Setting Up a Company
Consult Doing Business Website, to know about procedures to start a Business in Suriname.
Useful Resources
Contact the Spanish Embassy.
Contact the Embassy in Spain.
 

Business Setup Procedures

Setting Up a Company Suriname Latin America & Caribbean
Procedures (number) 8.00 8.00
Time (days) 66.00 25.22

Source: Doing Business.

 
 
 

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Latest Update: October 2025

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