Act laying down rules for Businesses and professions subject to a license (Business and Professions Act) (No. 40 of 2017).

This Act aims at improving the business environment in Suriname by introducing a new modern system of business authorizations. It lays down rules for carrying out business and undertake various professions. The Act requires businesses and professions to be classified based on the International Standard Industrial Classification of All Economic Activities Code (ISIC Code). One category is prohibited businesses and professions and another requires businesses and professions to be subject of certain conditions and authorizations. Authorizations are granted by the Director of the Ministry of Economic Affairs to natural or legal entities. Interested parties may object against the granting of an authorization on grounds of danger of public health or the environment. The Minister may indicate zones where economic operations or professions are restricted. The Act is also about enforcement and rehabilitation measures, offences and sanctions.