Cyprus Free Zone & Marine Logistics Services Ltd. FAMAGUSTA FREE PORT AND ZONE An area for your own at the crossroads of three continents of three continents.

Slides:



Advertisements
Similar presentations
What is a Foreign Trade Zone (FTZ)? A secure area located in or near a port of entry that is considered to be outside the country, or at least, outside.
Advertisements

Incentives for Foreign Investment in Azerbaijan 5 November 2013 TEAS Azerbaijan Business Forum London James E Hogan Managing Partner Salans FMC SNR Denton.
Creating Competitive Advantage
STRUCTURE OF TURKISH FOREIGN TRADE
TANZANIA ASSOCIATION OF TOUR OPERATORS (TATO) BRIEF PRESENTATION ON FIELD EXPERIENCE FOR SADC- BY ALEXANDER LEMUNGE (TATO REPRESENTATIVE) JOHANNESBURG,
Unit 13 International Marketing
American Chamber of Commerce Annual HR Committee Conference HR’s Role in Risk Management: What Keeps You Awake at Night? Friday, October 13, 2006, Moscow.
«Sysouev, Bondar, Khrapoutski» Law Firm. entitled to benefits not provided by the legislation government guarantees can be obtained at the national level.
Foreign Direct Investment 7 Copyright © 2012 Pearson Education, Inc. publishing as Prentice Hall.
Reasons to invest in Paraguay UK-Paraguay Trade & Investment Forum Nov German Rojas Irigoyen Minister of Finance - Paraguay.
1 FOREIGN INVESTMENT IN CUBA Republic of Slovenia October 15, 2013.
1 Fiscal Federalism in Iraq: OIL and GAS. The oil situation: a snapshot.
Foreign Market Entry Strategies
Investment and Business Opportunities in the Republic of Moldova Ministry of Economy of the Republic of Moldova.
Foreign Trade.  Foreign trade is exchange of capital, goods, and services across international borders or territories  The importance of foreign trade.
BDO Member Firm Name Member Firm Name TAX LEGISLATION AND INCENTIVES IN TURKEY PRESENTED BY : HALUK KAPTANOĞLU BDO DENET DENET Yönetim Danışmanlığı Y.M.M.
1 Trade Facilitation A narrow sense –A reduction/streamlining of the logistics of moving goods through ports or the documentation requirements at a customs.
Copyright © 2012 Pearson Education, Inc. publishing as Prentice Hall 6 Business- Government Trade Relations.
Uses of Accounting Information and the Financial Statements
Copyright  2009 McGraw-Hill Australia Pty Ltd PPTs t/a International Marketing by Cateora Slides prepared by Kate Mizerski, Edith Cowan University 5-1.
Definition and Types of Banks
Foreign Direct Investment. © Prentice Hall, 2006International Business 3e Chapter Chapter Preview Characterize global FDI flows and patterns Discuss.
Incentives Turkey's Investment Incentives System.
CYPRUS – THE IDEAL HOLDING COMPANY LOCATION, ADVANTAGES OF THE CYPRUS TAX SYSTEM By Marios Efthymiou Senior Partner Dinos Antoniou & Co Ltd Certified Public.
CYPRUS COMPANIES AS EFFECTIVE VEHICLES FOR INVESTMENTS By Marios Efthymiou Senior Partner Dinos Antoniou & Co Ltd Certified Public Accountants.
The Multinational Corporation and Globalization
ESTONIAN TAXES AND TAX STRUCTURE. Population ( )1,339,662 Total area 45,227 km 2 Average salary (2010)792 EUR (2011 IV quarter)865 EUR Currency.
Regulatory Administrative Institutions MPA 517 Lecture-8 1.
URUGUAY AS AN OFFSHORE CENTER. Why Uruguay? Main Characteristics of Uruguayan Corporations Corporations (SA) Free Zone Corporations (SAZF) Services Provided.
Business in the Global Economy
URUGUAY. Presentation Schedule Country Profile Uruguayan Free Trade Zones Tax and Corporate Regimes.
ORGANIZED INDUSTRIAL ZONE AND FREE ZONE INTRODUCTION
MEXICO´s INCENTIVES FOR REAL ESTATE INVESTMENT October 20, 2007 Course Number MUNOZ MANZO y BELAUNZARAN, S. C. SPEAKER ALEJO MUNOZ.
Investment Policy of Lao PDR Thamma PHETVIXAY Deputy Director General Investment Promotion Department (IPD) Ministry of Planning and Investment, Lao PDR.
Global Edition Chapter Nineteen The Global Marketplace Copyright ©2014 by Pearson Education.
Business-Government Trade Relations. © Prentice Hall, 2006International Business 3e Chapter Chapter Preview Describe the political, economic and.
Dubai, November 2007 Cyprus post EU accession The ideal investment destination Phidias K Pilides President - Cyprus Investment Promotion Agency (CIPA)
Tax regime UAE September 9th, 2015.
A New Investment Regime for Bangladesh
Technology preparation and conclusion of foreign trade turnover. Selection of the foreign partner..
Chapter 6 Business-Government Trade Relations. © Prentice Hall, 2008International Business 4e Chapter Describe the political, economic, and cultural.
Free Zone Advantages IN TURKEY. Free Zone Advantages in Turkey O Opportunity to Benefit from Tax Advantages for Manufacturer Users.
Definitions. PROCESSING FOR FREE CIRCULATION Processing of goods for free circulation' shall mean the customs regime under which goods imported to the.
Business-Government Trade Relations Copyright © 2010 Pearson Education, Inc. publishing as Prentice Hall.
Doing business in Libya Law n°5 for Promotion of Investment of Foreign Capital November 2008 Aberdeen - London Libyan British Business Council.
AN OVERVIEW ON TURKISH ECONOMY AND RECENT DEVELOPMENTS KEMAL UNAKITAN MINISTER OF FINANCE September 5, 2008 REPUBLIC OF TURKEY MINISTRY OF FINANCE.
US Business Mission to Moldova 16 June 2010 Andrian Candu Senior Manager Tax and Legal Services 
Leasing. Leasing is a process by which a firm can obtain the use of a certain fixed assets for which it must pay a series of contractual, periodic, tax.
Enterprise is as a subject of foreign economic activity of the enterprise.
FISCAL REGIME FOR MINERAL OPERATIONS By RICHMOND OSEI-HWERE FACULTY OF LAW, KNUST.
GLOBAL People Management and Development Professor H. Michael Boyd, Ph.D.
How to do Business in Guatemala. Business Entities Anonymous societies with variable capital and physical persons could carry business.
International Trade Chapter #4.
Legal Aspects of Business Activity in Belarus Mikalai Markounik associate “ Vlasova Mikhel & Partners ” Law firm.
M O N T E N E G R O Negotiating Team for the Accession of Montenegro to the European Union Working Group for Chapter 30 –External Relations Bilateral screening:
Sally Hanley, Director of Business Development Foreign-Trade Zone #114 Economic Development Council for Central Illinois.
OVERSEAS PRIVATE INVESTMENT CORPORATION (OPIC) An Agency of the United States Government.
© Berlin 2016 UAE & KSA – Incorporation Procedures.
GST-SEZ A big debate surrounding the Special Economic Zone (SEZ) Units/ Developers after model GST Law was released in November 2016 was whether up-front.
FEZ GRODNOINVEST ADMINISTRATION
The Global Marketplace
Business in the Global Economy
Foreign Market Entry Strategies
Globalization and International Business
CHAPTER 4 GLOBAL ANALYSIS
The Global Marketplace
Unit 2 - Understand the Nature of Business
International Business Chapter 4 Government and Global Business
KAYSERİ SERBEST BÖLGESİ
Chapter 6 Business-Government Trade Relations
Presentation transcript:

Cyprus Free Zone & Marine Logistics Services Ltd. FAMAGUSTA FREE PORT AND ZONE An area for your own at the crossroads of three continents of three continents Cyprus Free Zone & Marine Logistics Services Ltd. FAMAGUSTA FREE PORT AND ZONE An area for your own at the crossroads of three continents of three continents

WHAT IS A FREE ZONE? An area that is located within the political boundaries of a country but considered outside its customs An area where legal and administrative rules and regulations pertaining to the commercial, financial, and economic topics do not apply An area where there are expanded incentives provided for industrial and commercial activities An area that is physically separated from the rest of the country.

CONTRIBUTION TO THE ECONOMY CONTRIBUTION TO EMPLOYMENT Free zones provide employement not only for users but also for the overall economy. Free Zones have made significant contributions to the global trade for the passed 20 years.

CONTRIBUTION TO THE ECONOMY Accelerates the penetration of foreign capital and technology. Provides inputs that the economy needs in a cheap and regular way by investment and production to support the exports. Free Zones contribute by providing inputs required by the economy in a cheap and regular way. CONTRIBUTION TO INDUSTRIALIZATION AND REGIONAL DEVELOPMENT

FINANCIAL ADVANTAGES TAX EXEMPTION All the commercial eanings generated from the activities (production or trade) undertaken in the Free Zone are exempted from INCOME and CORPORATE TAX. All goods brought to the Free Zone from abroad are exempted from customs duty and VAT. As the goods stored in the Free Zone can be shipped outside the Free Zone according to the needs, companies based in the Free Zone can benefit from prefinancing option. EXEMPTION FROM DUTIES AND VAT

FINANCIAL ADVANTAGES Foreign specialists,engineers and personnel can freely work in Free Zones. Free Profit Transfer All revenues and incomes can freely be transferred to any part of the world.

COMMERCIAL ADVANTAGES Free Zones are considered to be outside the Customs Foreign trade rules shall apply to trade that take place between the Free Zone and other regions of Northern Cyprus. All types of bureaucracy is minimized in the Free Zone.

COMMERCIAL ADVANTAGES. Both local and foreign companies can equally benefit from incentives and advantages provided in the Free Zone. All payments for the activities undertaken are made in foreign currency in the Free Zone. Goods arriving to the free zone and port can be stored for an infinite period

Who is PortİSBİ ? With in the Framework of the Contract for Operation and Lease concluded with the TRNC Ministry of Economy and Energy’s Board of Management of Free Zone, Famagusta and Gemikonağı Free Zones are leased to our company for 49 years with an aim to establish the first free zone and port of our island and the relevent investment activities were initiated in this respect

PortİSBİ Famagusta PortİSBİ Free Zone has an area of m2. Users can benefit from open and closed “Storage Areas and Offices” m2 closed storage area is built and have been rented for our customers useage. We provide logistical services,forklift and personnel services for our customers. All buildings and offices inside the area are insured against fire, theft, and natural disasters. All commercial products and equipment kept in our warehouses are insured with “third-party indemnity” insurance.

Famagusta Port has been named as an INTERNATIONAL PORT by Europian Commission. Regular shippings are realised between Turkey and then to the rest of the world.

We are ready to take you one step further of your rivals...

Mehmet ERÜRETEN Operation Manager Cyprus Free Zone & Marine Logistics Services Ltd. FAMAGUSTA FREE PORT and ZONE Tel : Fax: