Cost Calculator Disclaimer
Go through Cost Calculator Disclaimer.
Important Legal Notice
This disclaimer applies to all users of the Investment Cost Calculator (the “Calculator”) provided by the Suriname Investment and Trade Agency (SITA). By accessing and using the Calculator, you acknowledge that you have read, understood, and agree to be bound by the following terms and conditions.
Nature of the Calculator
The Investment Cost Calculator is provided as an informational tool only. It is designed to provide users with a general, preliminary estimate of potential business establishment and operational costs in Suriname based on user-provided inputs and SITA’s research data. The Calculator is not intended to provide professional financial, legal, tax, or business advice.
Limitations and Disclaimers
General Information Only
The Calculator provides estimates and general information only. While SITA has conducted research to inform the data used in the Calculator, the estimates provided are approximations and may not reflect actual costs. Market conditions, exchange rates, regulatory changes, and other factors may cause actual costs to differ significantly from the Calculator’s estimates.
Data Availability and Sources
This Cost Calculator is based on the best available data from official national sources, sector reports, stakeholder consultations, and international benchmarking where local data gaps exist. While the calculator provides a sector-based breakdown of managerial cost estimates, detailed disaggregation of managerial positions by sub-category (e.g., senior management, middle management, technical management, etc.) is currently not available due to limitations in publicly accessible and verifiable data. As such, managerial cost figures are presented at the aggregate sector level and should be interpreted as indicative estimates rather than precise salary classifications.
Users are advised that certain inputs rely on proxy data, modeled assumptions, and standardized ratios derived from comparable markets where necessary. The outputs generated by this tool are intended for preliminary investment planning and scenario analysis purposes only and should not replace detailed feasibility studies, due diligence, or direct engagement with relevant authorities and industry stakeholders. SITA and its partners assume no liability for decisions made solely on the basis of this tool’s results.
Not Professional Advice
The Calculator does not constitute professional advice of any kind, including but not limited to financial advice, legal advice, tax advice, or business consulting. Users should not rely on the Calculator as a substitute for professional consultation with qualified accountants, lawyers, tax advisors, or business consultants.
User Due Diligence Required
It is the sole responsibility of each user of the calculator to conduct their own independent due diligence, research, and verification of all costs and information relevant to their investment decision. Users must independently verify all data, assumptions, and calculations provided by the Calculator through their own research and professional advisors.
Not Part of Due Diligence
The Calculator is a preliminary estimation tool and should not be considered as part of, or a substitute for, comprehensive due diligence. Investors must conduct thorough, independent investigations into all aspects of establishing and operating a business in Suriname, including but not limited to regulatory requirements, tax implications, labor laws, environmental regulations, and market conditions.
Accuracy and Completeness
While SITA has made reasonable efforts to ensure the accuracy of data used in the Calculator, SITA makes no warranty, express or implied, regarding the accuracy, completeness, or reliability of the Calculator or the information it provides. Data may be outdated, incomplete, or subject to change without notice.
Land Acquisition
Users should note that land acquisition and lease costs are not uniformly reflected in this calculator due to significant variations across geographic locations, land classifications, infrastructure access, and tenure arrangements. Land values in Suriname differ depending on proximity to coastal zones, established farming districts, road and port access, drainage and irrigation infrastructure, and availability of utilities.
In addition, certain areas may involve state-owned land, long-term lease arrangements, or concession-based access, each with distinct administrative and regulatory considerations. Given these variations, land-related costs presented in this tool, where applicable, should be considered indicative only. Investors are strongly encouraged to engage directly with the Suriname Investment & Trade Agency (SITA) and relevant land management authorities to obtain up-to-date guidance on land availability, tenure structures, application procedures, and associated costs, as access to agricultural land can involve procedural and administrative complexities that require case-specific clarification.
Limitation of Liability
No Liability for Investment Decisions
SITA shall not be held liable, directly or indirectly, for any investment decisions made by users based on information provided by the Calculator. Users assume all risks associated with their reliance on the Calculator and any resulting business decisions.
No Liability for Damages
To the fullest extent permitted by law, SITA shall not be liable for any direct, indirect, incidental, special, consequential, or punitive damages arising from or related to the use of the Calculator, including but not limited to:
- Loss of profits or revenue
- Loss of business opportunities
- Loss of data or information
- Business interruption
- Personal injury or property damage
- Any other economic loss or damage
This limitation applies regardless of the cause of action, whether in contract, tort, strict liability, or otherwise, and even if SITA has been advised of the possibility of such damages.
No Warranty
SITA provides the Calculator on an “as-is” and “as-available” basis without any warranties, express or implied, including but not limited to warranties of merchantability, fitness for a particular purpose, or non-infringement of third-party rights.
Indemnification
By using the Calculator, users agree to indemnify, defend, and hold harmless SITA, its officers, directors, employees, agents, and representatives from and against any and all claims, damages, liabilities, costs, and expenses (including reasonable attorneys’ fees) arising from or related to:
- The user’s use of the Calculator
- The user’s reliance on information provided by the Calculator
- The user’s investment decisions based on the Calculator
- Any breach of this disclaimer by the user
- Any violation of applicable laws or regulations by the user
- Any third-party claims related to the user’s use of the Calculator
Changes and Updates
SITA reserves the right to modify, update, or discontinue the Calculator at any time without notice. SITA is not responsible for any consequences resulting from changes to the Calculator or its discontinuation.
Applicable Law and Jurisdiction
This disclaimer shall be governed by and construed in accordance with the laws of Suriname. Users agree to submit to the exclusive jurisdiction of the courts of Suriname for any disputes arising from or related to the Calculator.
Severability
If any provision of this disclaimer is found to be invalid, illegal, or unenforceable, the remaining provisions shall continue in full force and effect.
Entire Agreement
This disclaimer constitutes the entire agreement between the user and SITA regarding the use of the Calculator and supersedes all prior negotiations, representations, and agreements.
Contact and Support
For questions about the Calculator or this disclaimer, please contact SITA directly through our website or contact information provided on the SITA platform.
By clicking on this button you agree to these terms and conditions!