Company Registration (Free Port)

Company Registration in the Free Zone of Northern Cyprus

What is the Free Zone in Northern Cyprus?

The Free Zone in the Turkish Republic of Northern Cyprus (TRNC) is a special area with its own tax and legal regime. The main and only zone is located in the Famagusta Port area. Companies registered in the Free Zone are primarily focused on exporting goods and services outside the TRNC.

Advantages of Doing Business in the Free Zone

• 100% foreign ownership without the requirement of a local partner;
• Zero VAT rate for export-oriented activities;
• Reduced currency and customs procedures;
• Possibility to rent warehouses, offices, and production facilities within the zone.

Services for Free Zone Company Registration

• Analysis of business objectives and compliance with zone requirements;
• Preparation and submission of an application for approval to the Free Zone Council;
• Drafting the articles of association and founding documents;
• Registration of the company in the Free Zone Registry;
• Opening a corporate bank account;
• Rental of premises if necessary;
• Support with staff arrangements and tax reporting.

Who Can Open a Company

Foreign individuals and legal entities have the right to register a company in the Free Zone without involving local partners. It is important that the planned activity is export-oriented and not aimed at the internal TRNC market.

Registration Timeline and Costs

On average, company registration takes between 2 and 4 months. The cost depends on the business sector, license type, rental space size, and number of founders. All conditions and expenses are specified during an individual consultation.

Elvina Sabirova

Licensed Lawyer

Phone

+905391190555

Email

[email protected]

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