Company Registration (Free Port)
How to Register a Company in the Free Zone (Free Port) in Northern Cyprus?
- Features of the Free Economic Zone (Famagusta)
- Tax Benefits and Advantages
- Requirements for Founders
- Registration Process and Timeline
Registering a company in the Free Zone (Free Economic Zone) of Northern Cyprus is a strategic decision for businesses focused on international trade. The only operational zone of this type is located in the port area of Famagusta. It is a separate territory with a unique legal and tax regime, specifically designed to stimulate the export of goods and services outside the TRNC.
Features of the Free Economic Zone (Famagusta)
Companies registered in the Free Port are legally distinct from standard local firms ("Local Company"). The main difference lies in the target market: the activity of a Free Zone resident must be aimed at the external market (export) rather than the island's domestic market.
Tax Benefits and Advantages
Free Zone resident status provides investors with significant fiscal and operational relief:
- 100% foreign ownership. Unlike many local business sectors, there is no requirement to involve a local Cypriot partner.
- Tax optimization. Zero VAT rate when conducting international trade activities.
- Customs benefits. Simplified procedures and no duties on importing equipment for use within the zone.
- Infrastructure. Opportunity to lease production facilities, warehouses, and offices directly within the port area.
Requirements for Founders
Foreign individuals can register a company in the Free Port. The legislation does not impose restrictions on the citizenship of investors.
Registration Process and Timeline
The procedure is more complex than for a regular company, as it requires approval from the Free Zone Council. The entire process takes on average 2 to 4 months and includes the following steps:
- Step 1: Name Approval.
The most unpredictable stage. Checking the uniqueness and acceptability of the name can take up to 15 working days. We recommend preparing 3–5 name options in advance.
- Step 2: Document Preparation. Drafting the Articles of Association and Memorandum in Turkish.
- Step 3: Selecting a Premises (mandatory) and preparing the lease agreement within the zone.
- Step 4: Submission to Authorities. Registration in the Registry, Tax Office, and Social Security.
- Step 5: Activation. Unlocking the share capital and starting operations.
Lawyers from DeJure Consulting assist clients at all stages: from application submission to obtaining a tax number and hiring personnel.
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Drafting a will in two languages, registration in the local court
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Company Registration (Free Port)
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