4.0 ADDITIONAL INFORMATION

4.1 LOCATION OF ZONE AND SIZE

Closest City : Famagusta
Distance : 0.5 kms Population size: 28000 inh.
Closest International Airport : Ercan
Distance : 48 kms
International Seaport : Famagusta
Distance : 0 kms Free zone area, in hectares : 48.7 heactares

4.2 LAND AND BUILDINGS

Number of serviced lots available : 80
Lease rate per sq. meter / year in US($) : 2.00-2.50 US$
Lease duration (year) for serviced lot : 21 x 3 years
Number of Business Office : 24
Lease rate per office /year in US $ : 2000 US$
Lease duration (year) for business office : 7 x 3 years
Number of warehousing buildings : 2
Storage charges for general cargo
Per ton Per day in US $ : 0.20 US $
Number of open stacking area : 2
Storage charges for general cargo
Per ton Per day in US$ : 0.10 US$
Empty containers
per container per day in US$ : 0.25 US$
Full container
per container per day in US$ : 0.75 US$
Number of production buildings : 6
Lease rate per sq. meter/month (m2), in US$ : 1.00-2.00US$
Lease duration (years) for production building : 21 x 3 years
Percentage of the zone currently occupied : 33 %

4.3 UTILITIES

Price of potable commercial water, US$/m3 : (0-20m3) - 55 US$
Price of commercial electricity, US$/kwh : 0.06 US$
Price of commercial gasoline, US$ / liter : 0.49 US$

4.4 TELECOMMUNICATIONS

International Direct Dial : Yes
Cellular Phone System : Yes
Internet Access : Yes
International Data Exchange System : Yes
Rate in US$ for a three minute phone call during daytime business hours to :
New York : 2.58 US$ London : 1.71 US$ Tokyo : 4.14 US$

4.5 INVESTOR SERVICES

Zone Fence : Yes
On-site Customs : Yes
On-site Zone Administration : Yes
One- stop Shop : Yes

4.6 LABOR REGULATIONS, REMUNERATION AND TRAINING

Net Wages ("Take-home" Pay ) and Working Hours in Manufacturing

Normal working hours/week : 40 hours / week
Number of working days a year : 248 days / year
Entry level wage, unskilled worker : US$/hour 1.57 US$
US$/week 62.8 US$
Wage, semi-skilled worker : US$/hour 1.57-2.50 US$
US$/week 62.8-100.00 US$
Wage, skilled worker : US$/hour 2.50.-3.75 US$ US$/week 100.00-150.00 US$

4.7 EMPLOYMENT REGULATIONS

(For Worker Employed for Over 1 Year)

Employer's Charges
Fringe benefits (e.g.; social security, pension, health insurance) paid by employer in behalf of the worker, in US$, per month : US$/month : 15% per salary.

Vacation and Leaves
Vacation time with full pay : (1-5 years) 13 workdays/year
Medical leave with full pay : 20 workdays /year
Maternity leave with full pay : 84 workdays/year

Involuntary Termination Payment (Worker's Dismissal)
Number of weeks paid to dismissed worker : 2-4 weeks

4.8 TRAINING PROGRAMS

Vocational training for workers available to zone companies : No
Government sponsored training schemes available : Yes

4.9 INVESTMENT REGULATIONS AND GUARANTES

100% foreign ownership permitted : Yes
100 % local ownership permitted : Yes
Equal treatment for local and foreign investors : Yes
Guarante against nationalization : Yes

4.10 FOREIGN EXCHANGE AND FINANCING

Restrictions on free zone companies international transactions : No
Local financing available for 100% foreign owned companies : No
Local financing available for 100% locally owned companies : No