Free Zone linking 3 continents
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Free Zone linking 3 continents The Larnaca Free Zone (LFZ) in Cyprus, has been established under the auspices of the Ministry of Commerce, Industry and Tourism, with the specific purpose of facilitating export-oriented investments by offering an even more convenient business climate. The LFZ was designed to complement and contribute to the encouragement of external trade and international commerce, through the provision of various incentives such as the abolishment of custom duties and taxes in respect of goods imported into the Zone. The LFZ is therefore the ideal choice for companies intending to use Cyprus as a regional manufacturing and/or distribution base. The Larnaca Free Zone has been established in an effort to encourage external trade and international commerce It should be noted that apart from the Larnaca Free Zone, two Free Port Areas, one in Limassol and another in Larnaca, have also been established to give businesses an additional incentive to be located in Cyprus.
The LFZ is situated 6 km from the Larnaca Airport, 9 km from the Larnaca port, and 48 Km from Nicosia. The Zone has been landscaped and trees planted to create a modern and pleasant environment for industry and the workforce employed therein. The ideal geographic location renders Cyprus as a support centre for monitoring the distributorship business of companies whose products are marketed in the Middle East and Eastern Europe Within the Free Zone there are 94 industrial sites of total area 31,2 hectares. Of these, 42 have already been leased representing 45% of the total area available for leasing. Various developed industrial plots are available for rental or acquisition in agreement with the existing leaseholders. The Zone is on the main Larnaca - Limassol highway and is protected on all sides by a security perimeter fence. There is a customs clearance office at the entrance. A network of service roads leads to the various industrial plots, which have access to water, electricity and telephone networks. The following incentives are offered to applicants establishing an industrial project in the zone:
Electricity: The Electricity Authority of Cyprus (EAC) supplies all industrial, commercial, agricultural and residential premises with electricity. The supply voltage is either 240V a.c. 50Hz single-phase or 415V a.c. 50Hz three-phase. Large industrial or commercial consumers may be supplied, if necessary, at 11.000V a.c. 50Hz. Telecommunications: The Cyprus Telecommunications Authority (CYTA) offers a variety of basic and advanced telecommunications services, covering a wide range of business needs for both voice and data communications, fixed and mobile. Internet - based services are also offered. The above services make the LFZ an attractive location for enterprises, which require fast and dependable telecommunications. Interested parties should contact the Ministry of Commerce, Industry and Tourism in order to obtain an application form. Upon submission, the application will be assessed by the Ministry and - in case of approval - a leasing agreement with a duration of 99 years will be signed between the two parties. for further info: www.mcit.gov.cy |
 Transit cargo enjoys special treatment at the ports. A proof of the position of Cyprus as a main transhipment centre is the substantial amount of products re-exported  Free installation of electrical power and telephone lines are among the incentives offered to applicants establishing in the Larnaca Free Zone  Strategically located, Cyprus provides advanced logistic solutions, serving as a supply chain bridge in the Eastern Mediterranean  Larnaca, the town with 6000 years of history and an easy-going pace, has something special to offer to its residents and visitors
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