100% VAT and Customs Duties Exemptions
Companies established at free zone are exempt from Value Added Tax (VAT), customs duties and all other indirect taxes.
100% Corporate Tax or Income Tax Exemption
All companies established at PortISBI are 100% exempt from "Corporate Tax" or "Income Tax" without any pre-requisition.
No Specific Time Period For Exemptions and Advantages
PortISBI users enjoy the mentioned exemptions and advantages for an unlimited period of time.
Minimum Range of Banned Substances
PortISBI has minimum restriction regarding the banned substances.
(Alcoholic beverages, cigarettes are allowed unlike most free zones.)
Opportunity to Transfer Profits
The revenue and earnings from free port and zone activities can be freely transferred to any part of the world without any permission.
Regardless of their origin, all firms benefit from the incentives and advantages provided in free zones equally.
No Time Limitation For Stocking
It is possible to stock goods for an unlimited time within free zone.
No Currency Restriction
Every payment is made with convertible currencies in free zone.
During application and operation process, bureaucracy is minimized.
Competitive Infrastructure Standards
Infrastructure of PortISBI Famagusta Free Port & Zone is competitive with international standards. The rents of offices and warehouses are lower than other countries.