The Chamber of Commerce and Factories, native name Kamer van Koophandel en Fabrieken (KKF), is a

Suriname Suriname (; srn, Sranankondre or ), officially the Republic of Suriname ( nl, Republiek Suriname , srn, Ripolik fu Sranan), is a country on the northeastern Atlantic coast of South America. It is bordered by the Atlantic Ocean to the north ...

se institution that offers advice to companies before, during and afther the start, and registers them in the

company register A company register is a register of organizations in the jurisdiction they operate under. A statistical business register has a different purpose than a company register. While a commercial/trade register serves a purpose of protection, accounta ...

. The company register is being published at the website of Suriname Directory. Until 2008 the offices were established at the Mr. Dr. J.C. de Mirandastraat #10, and are since then at the Prof. W.J.A. Kernkampweg #37, where also the KKF Hall is situated.

History

The KKF was founded on 1 May 1910 in the building of the commercial ''

De Surinaamsche Bank ''De Surinaamsche Bank'' (DSB; Bank of Suriname in English), is the largest bank in Suriname. History Simon Abendanon founded De Surinaamsche Bank (DSB) on 19 January 1865 in Paramaribo, and it opened for business on 18 July 1865 in the home of o ...

'' (DSB) in

Paramaribo Paramaribo (; ; nicknamed Par'bo) is the capital and largest city of Suriname, located on the banks of the Suriname River in the Paramaribo District. Paramaribo has a population of roughly 241,000 people (2012 census), almost half of Suriname's ...

. On that moment the KKF did not yet have judicial importance, however had the character of an interest association. From 1910 to 1938 the number of members grew from nine to eleven. In 2019 the number of members is nearly 30,000 that provide more than 150,000 jobs. Since the Trade Register Regulation of 1936, the KKF has been maintaining the mandatory registration of all businesses in Suriname. Since 2002, it has been publishing an information sheet providing guidance on the business environment and promoting entrepreneurship.

Business fairs

The KKF organizes an annual fair from late November to early December, attracting around 100,000 visitors from the Caribbean region. Additionally, it is the organizer of the annual fair ''Agro - ICT - Made n Suriname''. Furthermore, it organizes the United Business Fair with the media company United. The fairs are usually held in the nearby Hall of Business (Hal van het Bedrijfsleven), also known as the KKF Hall.

Legal forms

The usual

legal form A business entity is an entity that is formed and administered as per corporate law in order to engage in business activities, charitable work, or other activities allowable. Most often, business entities are formed to sell a product or a serv ...

s for companies in Suriname are the

sole proprietorship A sole proprietorship, also known as a sole tradership, individual entrepreneurship or proprietorship, is a type of enterprise owned and run by one person and in which there is no legal distinction between the owner and the business entity. A sole ...

(''eenmanszaak'') and the '' naamloze vennootschap'' (NV). Other forms are the

general partnership A general partnership, the basic form of partnership under common law, is in most countries an association of persons or an unincorporated company with the following major features: *Must be created by agreement, proof of existence and estoppel ...

(''vennootschap onder firma''; VOF), the ''commanditaire vennootschap'' (CV), the

mutual insurance A mutual insurance company is an insurance company owned entirely by its policyholders. Any profits earned by a mutual insurance company are either retained within the company or rebated to policyholders in the form of dividend distributions or re ...

(onderlinge waarborgmaatschappij; OWM), the

cooperative A cooperative (also known as co-operative, co-op, or coop) is "an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratically-control ...

(co-op), public legal entities, formally foreign companies,

foundations Foundation may refer to: * Foundation (nonprofit), a type of charitable organization ** Foundation (United States law), a type of charitable organization in the U.S. ** Private foundation, a charitable organization that, while serving a good cause ...

and associations. Since the introduction of the Annual Accounts Act on August 31, 2017, legal entities are obliged to publish a

financial statement Financial statements (or financial reports) are formal records of the financial activities and position of a business, person, or other entity. Relevant financial information is presented in a structured manner and in a form which is easy to un ...

for each fiscal year.De West
De Wet op de Jaarrekening: wat betekent hij voor ondernemers?
9 September 2017

References

{{Reflist Chambers of commerce Economy of Suriname 1910 establishments Paramaribo

History

Business fairs

Legal forms

See also

References