An Eenmanszaak is the simplest business structure in Suriname, perfect for solo entrepreneurs starting out.
What is an Eenmanszaak?
A sole proprietorship is a business owned and operated by a single individual. You and your business are the same legal entity - any business income is your personal income, and any business debts are your personal debts.
Key Characteristics
- Single Owner: Only one person owns and operates the business
- Personal Liability: Unlimited personal liability for business debts
- Income Reporting: Business income reported on personal tax return
- Minimal Paperwork: Fewer registration and reporting requirements than other structures
- Quick to Establish: Fastest and cheapest option to get started
Advantages
âś“ Simple to set up and maintain âś“ Low registration costs âś“ All profits go directly to you âś“ Full control over business decisions âś“ Minimal ongoing compliance requirements âś“ Easy to transition to another structure later
Disadvantages
âś— Unlimited personal liability - your personal assets are at risk âś— Difficult to raise capital or find investors âś— All business responsibilities fall on one person âś— Limited credibility with large contracts or investors âś— Personal tax implications affect business
When to Choose Eenmanszaak
- You're starting a service-based business (consulting, freelancing, etc.)
- You want to keep things simple initially
- You plan to operate solo or with contractors only
- You want to test a business idea before investing heavily
- Your personal assets are minimal or you're comfortable with the risk
Getting Started
- Plan your business
- Register with KKF (Chamber of Commerce)
- Obtain tax identification number
- Open a business bank account
- Set up accounting system
- Get necessary business licenses/permits
Next Steps
→ KKF Registration Process → Tax Registration
Eenmanszaak is the fastest path to starting a business. If you need partner investment later, you can restructure to an N.V.