What is a Free Zone

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.
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