Free Zone Companies

The Free Port and Zone situated at Famagusta is considered to be an ideal place for all kinds of businesses and investments. Famagusta Free Port and Zone covering an area of 103.000 sqm, offers to foreign investors excellent opportunities for transit trade as well as manufacturing opportunities for middle-east and near-east countries.

Incentives:

All income derived from activities and operations undertaken by producers in the Free Port and Zone are exempt from Corporate and Income Taxes (including all kinds of trade, production and service).

All income and capital derived from operations are subject to free profit transfer without any limitations to the transfer size.

All kinds of operations including sale of goods to foreign countries and Free Port and Zone in North Cyprus as well as buying of goods are exempt from custom duties, VAT and indirect taxes. ·

All income derived from activities and operations undertaken by investors other than producers are exempt from Corporate and Income Taxes when the goods and services are not directed to the Turkish Republic of Northern Cyprus.

Permission to employ foreign expert, engineer and technical personel.

All kinds of craft maintenance and repairment, manufacturing of goods, banking and insuranceservices, warehousing, exporting of the finished goods as well as manufactured goods are accepted facilities and operations. (Warehouses are available for transit trade activities).