FAMAGUSTA FREE PORT AND ZONE I . - - An area for your ofin at tw:'r,s&g;oads \-

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, ' 8 .. , - .; ;, ,I -. :' of th8ree continents. . . .. -- -.- .--. *La .. , _. - _ _. , .. . , ,- .. - - 8 ; . , , 7,- -- ' ~ -.*+&-Ad&,*.-- - . , A > - - - -. 7 I- . . I - -., =r, .: ' - 7 - L i. I

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• An area that islocated within thepolitical boundariesof a country butconsidered outsideits customs

• An area where legaland administrativerules andregulationspertaining to thecommercial,financial, andeconomic topics donot apply

• An area wherethere areexpandedincentivesprovided forindustrial andcommercialactivities

An area that is physica~ly separated from the rest of tile count

CONTRIBUTION TOEMPLOYMENT

Free zones provide employementnot only for users but also for theoverall economy.

Free Zones have made significantcontributions to the global tradefor the passed 20 years.

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HE ECONOMYCONTRIBUTION TO INDUSTRIALIZATION AND REGIONAL DEVELOPMENT

• Accelerates the penetration of foreign capital and technology.• Provides inputs that the economy needs in a cheap and regular way by

investment and production to support the exports.• FreeZones contribute by providing inputs required by the economy in a

cheap and regular way.

TAX EXEMPTION

All the commercial eanings generatedfrom the activities (production or trade)

undertaken in the Free Zone areexempted from INCOME and

CORPORATE TAX.

EXEMPTION FROM DUTIES AND VAT

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All goods brought to the Free Zone fromabroad are exempted from customs duty andVAT.As the goods stored in the Free Zone canbe shipped outside the Free Zone according tothe needs, companies based in the Free Zone

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can~benef.itJrom p-~~fJ.flancingoption.

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Foreignspecialists,engineers andpersonnel can freely workin Free Zones.

Free Profit TransferAll revenues and incomes can freely betransferred to any part of the world .

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Free Zones are considered to be outside the Customs

Foreign trade rules shall apply to trade that take place between the FreeZone and other regions of Northern Cyprus.

All types of bureaucracy is minimized in the Free Zone.

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All payments for theactivities undertakenare made in foreigncurrency in the Free

Zone.

Both local andforeign companiescan equally benefitfrom incentives and

advantagesprovided in the Free

Zone.

Goods arriving tothe free zone andport can be storedfor an infiniteperiod

With in the Framework of the Contract for Operation and Lease concludedwith the TRNC Ministry of Economy and Energy's Board of Managementof Free Zone,Famagusta and Gemikonagl Free Zones are leased to our company for 49years with an aim to establish the first free zone and port of our island andthe relevent investment activities were initiated in this respect

PortiSBi Free Zone has an area of105.000 m2.Users can benefit from open and closed"Storage Areas and Offices". 1800 m2closed storage area is built and havebeen rented for our customers useage.

Famagusta Port has been named as an INTERNATIONAL PORTby Europian Commission.

Regular shippings are realised between Turkey and then to the rest of theworld.

PORTISBI FREE ZONE ADVANTAGES

• NO CUSTOMS DUTIES• VAT IS NOT APPLIED• NO FUND• NO CORPORATE TAX FOR COMPANIES• NO INCOME TAX FOR COMPANIES• SIMPLIFIED BUREAUCRACY• POST BOX COMPANIES CAN BE ESTABLISHED• VERY EASY PROFIT TRANSFER

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portlsBI NORTHERN CYTURKEY'S FREE ZONES

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.CYPRU S FREE ZONE

At Turkey's Free Zones «Tea. Tobacco. aoooolic. Products CAN NOT be

For producer companies. there is an obligat'of exoortina of ~.s5of their oroductions

taxTaxes

Of Corporate and Inco--ies. I+I There is tax exemDtion.

1+1 Thereis UOsuch aconstraint

+1 Thereis UOsuch aconstraint.

t the installement payment conditions. KKDF(source utilisation value found) would be paia.

Thereis UOsuch an application.

Post Box CompaniesCAU BEestablished. SeparatelyPortlSBIhas special services.

Thereis UOsuch afound.

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Free

s a Post Box Company

is applied at toe salesey.

ey's FreeZ,t be establis

Cyprus Free Zone & Marine Logistics Services Ltd.FAMAGUSTA FREE PORT and ZONE

Tel: 0 392 365 63 90Fax: 0 392 365 63 95e-mail: info@portisbi.com