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Suriname O
An ideal location for Foreign Direct Investment.... By: Chris Brown
nce a Dutch colony, the Republic of Suriname is situated on the northeast coast of South America. It has had complete independence from the Netherlands since 1975 after rioting over unemployment and inflation caused the Netherlands to cease power. The current politi- cal climate, which actively supports and pro- motes Foreign Direct Investment, has helped contribute to Suriname’s growing economy and has put Suriname on the map as a favourable lo- cation for business expansion and investment. So where is this promising country? Suriname borders French Guiana to the east, Guyana to the west, Brazil to the south, and the Atlantic Ocean to the north. It is the smallest in- dependent country on the South American con- tinent and has great diversity of flora and fauna. The country is divided by two landscapes; high- lands in the form of hills and mountains and plains and swamps on the coast. So whatever your business objectives, Suriname has much to offer.
Its geographic location, fiscal backing, tax exemptions and continued economic growth make it an attractive location to invest in. The government in Suriname actively supports For- eign Direct Investment (FDI), knowing that it plays an increasingly important role in the de- velopment of Suriname's economy and has in- troduced new laws to reduce costs of business start-ups. The National Export Initiative (NEI) aims to double exports by 2014, and the gov- ernment see FDI as the perfect tonic to aid in this process.
This new government was appointed in 2010, and has not only welcomed FDI into the country, but has repeatedly expressed a need for it in order to further develop the economy and promote Suriname as a prime investment location. The Investment and Development
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Corporation Suriname (IDCS) and the Ministry of Foreign Affairs help support and promote FDI in the country. IDCS is a government run initiative, which supports and encourages busi- ness development and is currently predicting a 6% growth rate in the next 5 years. This is mainly directed at the mining industry, but the IDCS is also hoping to encourage growth in a variety of other sectors. New laws that simplify and speed up the process for new businesses and business licenses also have government back- ing. Suriname's membership in CARICOM, its on-going alliance with the Caribbean Single Market and Economy (CSME) and the positive effects of globalisation on an overseas economy, has given Suriname a much stronger stand to offer trade and investment opportunities.
Currently there are numerous companies operating in different industries all taking advantage of the highlights Suriname has to offer.
01. Paramaribo,Suriname , cityscape with local houses.
New European Economy
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