3.4 CORPORATE AND INCOME TAX All income derived, from activities and operations undertaken by investors in the Famagusta Free Port and Zone is totally exempt from corporate and income taxes.

3.5 EXEMPTION FROM CUSTOMS DUTIES AND INDIRECT TAXES Famagusta Free Port and Zone is outside the customs boundary or the Turkish Republic of Northern Cyprus. All production inputs can be transported from foreign locations to Famagusta Free Port and Zone area without being subject to any taxes or duties.

3.6 TRANSFER OF PROFIT AND CAPITAL There is no limitation on repatriation of profit and capital earned in the Famagusta Free Port and Zone.

3.7 ACTIVITIES AND OPERATION Famagusta Free Port and Zone offers excellent opportunities to foreign investors who intend to engage in all kinds of manufacturing, as well as commercial activities, such as shiprepairs, baking and insurance service, various survey services, trans-shipment or re-export activities.