[2] It is located across from The Independence Square (Onafhankelijkheidsplein), which also houses the National Assembly of Suriname, the Congress building, the Court of Justice, and the Ministry of Finance.

It is one of the most prolific and best maintained examples of Dutch colonial architecture in Suriname and is part of the UNESCO world Heritage site of the Paramaribo inner-city.

Before the major renovation of 1780 commissioned by Governor-General Bernard Texier, the palace underwent multiple changes, but was slowly falling into disrepair.

But it wasn't until 1911 that the palace was expanded to its current size, with the addition of the portico and terrace.

The building received many ornamental additions, such as the arched beams of the balcony and the shield of the "Geoctrooieerde Sociëteit van Suriname" placed on the third story.