Relocating a business to the Turkish Republic of Northern Cyprus (TRNC) through company registration in the Famagusta Free Economic Zone (FEZ) provides significant advantages for international trade.
Advantages of registering a company in the Famagusta FEZ:
• Tax benefits: Companies registered in the Famagusta FEZ are exempt from corporate tax, customs duties and VAT. Income tax is 0%.
• Flexibility in doing business: The ability to manage your business from anywhere in the world, which is especially important for international trade.
• Logistics advantages: The port of Famagusta allows you to import goods, store them in a warehouse in the SEZ and distribute them to other countries. Operations for installation, dismantling and assembly of products are also possible.
• Banking Services: Opening an account with a local Turkish bank with a TR format IBAN ensures the convenience of international transactions.
Requirements for registering a company in the Famagusta FEZ:
• Certificate of good conduct with an apostille.
• Copy of passport.
• Address certificates from the country of residence.
• At least two foreign founders.
Additional features:
• The company's authorized capital must be 25,000 euros, which is blocked in a bank account for the period of company establishment (2-4 weeks).
• The company can engage in various activities, including transit of goods, import-export, manufacturing, IT services, consulting, tourism, online training and trading.
Registration of a company in the Famagusta FEZ provides favorable conditions for conducting international business with minimal tax obligations and ample opportunities for logistics and trade.
