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Cyprus Free Zone & Marine Logistics Services Ltd. FAMAGUSTA FREE PORT AND ZONE An area for your own at the crossroads of three continents of three continents.

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Presentation on theme: "Cyprus Free Zone & Marine Logistics Services Ltd. FAMAGUSTA FREE PORT AND ZONE An area for your own at the crossroads of three continents of three continents."— Presentation transcript:

1 Cyprus Free Zone & Marine Logistics Services Ltd. FAMAGUSTA FREE PORT AND ZONE An area for your own at the crossroads of three continents of three continents Cyprus Free Zone & Marine Logistics Services Ltd. FAMAGUSTA FREE PORT AND ZONE An area for your own at the crossroads of three continents of three continents

2 WHAT IS A FREE ZONE? An area that is located within the political boundaries of a country but considered outside its customs An area where legal and administrative rules and regulations pertaining to the commercial, financial, and economic topics do not apply An area where there are expanded incentives provided for industrial and commercial activities An area that is physically separated from the rest of the country.

3 CONTRIBUTION TO THE ECONOMY CONTRIBUTION TO EMPLOYMENT Free zones provide employement not only for users but also for the overall economy. Free Zones have made significant contributions to the global trade for the passed 20 years.

4 CONTRIBUTION TO THE ECONOMY 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. Free Zones contribute by providing inputs required by the economy in a cheap and regular way. CONTRIBUTION TO INDUSTRIALIZATION AND REGIONAL DEVELOPMENT

5 FINANCIAL ADVANTAGES TAX EXEMPTION All the commercial eanings generated from the activities (production or trade) undertaken in the Free Zone are exempted from INCOME and CORPORATE TAX. All goods brought to the Free Zone from abroad are exempted from customs duty and VAT. As the goods stored in the Free Zone can be shipped outside the Free Zone according to the needs, companies based in the Free Zone can benefit from prefinancing option. EXEMPTION FROM DUTIES AND VAT

6 FINANCIAL ADVANTAGES Foreign specialists,engineers and personnel can freely work in Free Zones. Free Profit Transfer All revenues and incomes can freely be transferred to any part of the world.

7 COMMERCIAL ADVANTAGES Free Zones are considered to be outside the Customs Foreign trade rules shall apply to trade that take place between the Free Zone and other regions of Northern Cyprus. All types of bureaucracy is minimized in the Free Zone.

8 COMMERCIAL ADVANTAGES. Both local and foreign companies can equally benefit from incentives and advantages provided in the Free Zone. All payments for the activities undertaken are made in foreign currency in the Free Zone. Goods arriving to the free zone and port can be stored for an infinite period

9 Who is PortİSBİ ? With in the Framework of the Contract for Operation and Lease concluded with the TRNC Ministry of Economy and Energy’s Board of Management of Free Zone, Famagusta and Gemikonağı Free Zones are leased to our company for 49 years with an aim to establish the first free zone and port of our island and the relevent investment activities were initiated in this respect

10 PortİSBİ Famagusta PortİSBİ Free Zone has an area of 103.000 m2. Users can benefit from open and closed “Storage Areas and Offices”. 1800 m2 closed storage area is built and have been rented for our customers useage. We provide logistical services,forklift and personnel services for our customers. All buildings and offices inside the area are insured against fire, theft, and natural disasters. All commercial products and equipment kept in our warehouses are insured with “third-party indemnity” insurance.

11 Famagusta Port has been named as an INTERNATIONAL PORT by Europian Commission. Regular shippings are realised between Turkey and then to the rest of the world.

12 We are ready to take you one step further of your rivals...

13 Mehmet ERÜRETEN Operation Manager Cyprus Free Zone & Marine Logistics Services Ltd. FAMAGUSTA FREE PORT and ZONE Tel : 0 392 365 28 31 Fax: 0 392 365 28 30 e-mail:mehmet.erureten@portisbi.com info@portisbi.com


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