Benefits of Establishing a Free Zone Company in the KKTC
Free Zone Companies offer great advantages for entrepreneurs who want to engage in international trade. By establishing a company in the KKTC Free Zone, you can open the doors to global trade with low costs and tax benefits.
What is a Free Zone Company?
The KKTC Free Zone is a trade area that offers special incentives for international companies. Companies established here benefit from significant tax advantages as long as they do not sell to the domestic market in the KKTC.
Advantages of Establishing a Free Zone Company
Tax Advantages: Free Zone Companies are exempt from corporate and income taxes.
Low Operating Costs: The annual license fee is as low as 3000 usd.
Ease of International Trade: It allows transactions in foreign currency and the ability to sell services abroad.
Fast Setup Process: Once the necessary documents are completed, the company can be established within a few weeks.
Company Formation Process
Choose the Type of Company: Determine that you are establishing a Free Zone company.
Prepare the Required Documents: Complete documents such as a passport copy, activity certificate, and articles of association.
Trade Registry and Tax Procedures: Register the company in the trade registry and complete tax-related procedures.
Bank Account Opening: Open a bank account in the company's name to start commercial transactions.
Establishing a Free Zone Company in the KKTC is an ideal option for entrepreneurs who want to enter international markets and conduct business at low costs.