Founded by the Ministry of Commerce, Industry and Tourism, Larnaca Free Zone is one of the oldest and the most famous free zones in Cyprus, and because of its good location it meets the needs of the service companies that are set in this free zone. Close to the port and airport of Larnaca, and located 48 km from Nicosia, the capital of Cyprus, Larnaca Free Zone is considered one of the most important transportation centers of the country.
Location
The Larnaca Free Zone is situated 6 km from 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.
Zone Area
Within the Free Zone there are 94 Industrial sites of total area 31,2 hectares. Of these, 25 have already been leased representing 25,3% of the total area available for leasing. Various already developed industrial plots are available for rental or acquisition in agreement with the existing leaseholders.
The Free 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:
- Nominal rental of land for the development of industrial plots is set at a fee of CY£1 per year, over the first five years.
- Following the first five years, nominal rental of land is set at CY£525 per 1000 sqr. meters per annum.
- Free of charge installation of electrical power (maximum demand).
- Free of charge installation of any number of telephone lines.
Electricity
The electricity Authority of Cyprus 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. 50 Hz.
Telecommunications
The Cyprus Telecommunications Authority 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 Larnaca Free Zone an attractive location for enterprises, which require fast and dependable telecommunications.
“Entrepreneurs have the opportunity of exploiting the unique position of Cyprus as an international business center”
Transport and Freight
Larnaca free zone has quick access to the port where break bulk cargoes, bulk cargoes, and container are handled. Various shipping lines serve the island regularly; thus, providing Cyprus with regular and frequent links to all parts of the world. Namely, most Mediterranean ports, UK, France, Germany, Netherlands, USA, India and the Far East are only a few of the regular links