Famagusta Free Port and Zone is
- a governmentally designated area founded to promote export-oriented investment and production, to accelerate foreign direct investment and technology access and to develop international trade,
- legally deemed to be outside of customs territory of the Turkish Republic of Northern Cyprus,
- a fenced-in area where normal trade barriers and regulatory requirements do not apply with the goal of facilitating trade and commerce,
- an area which presents various industrial and commercial incentives and business-friendly regulations.