Free Port and Zone Company

One of our main areas of expertise is Free Port and Zone Companies. The majority of companies in the region are our clients. You can learn all the details about how to establish this increasingly popular type of company, the requirements for establishment, and more through our services. Free Port and Zone Companies, which have recently gained significant interest from software companies, are also a preferred choice for international transit trade and service companies. The Free Port and Zone Law No. 26/1983 and the Companies Law Chapter 113 outline specific conditions for establishment.

How to Establish a Company?

To own a company in the Free Port Zone of the TRNC;

• First, we check the availability of the company name you provide.
• A Free Port Zone Company must have at least two shareholders.
• Shareholders are required to provide a clean criminal record and an address verification document.
• The company agreement is prepared in accordance with TRNC laws.
• Copies of the ID cards or passports of the shareholders, directors, and secretaries are required.
• You can request a detailed document from us to find out about pricing and answers to all other questions.

What Are the Tax Obligations?

Tax obligations of TRNC Free Port Zone companies.

• Companies operating in the Free Port Zone benefit from certain exemptions: As long as they do not export their services to the TRNC, their earnings are exempt from Income Tax and Corporate Tax.
• In terms of customs duty obligations, they are considered outside the State customs line and are entirely exempt from customs duties.
• All imported goods are exempt from VAT under the VAT Law.
• Profit transfers are unrestricted.