According to the law, permanent residents as well as non-residents are allowed to open a private foreign exchange accounts in T.R.N.C. banks.
Depositors are free to make transfers abroad without any restrictions.
Listed below are the incentives available to foreign investors in relation to taxation, the Free Port ans Zone, Industry, Tourism and Exports. Allowances are given for capital expenditure incurred on the acquisition of plant and machinery of fixures and fittings owned and used by a person or corporate body in trade or business or scientific research. Allowances are also given on existing buildings or on the construction, extension or adaptation of buildings owned and used by a person or corporate body. In total, tax allowance is given equal to the cost of an asset plus the investment allowance. Initial allowances and annual depreciation allowances are deducted before setting net chargeable incomes.