Famagusta General Agency Ltd is the group's customs clearing and brokerage company.
Our experienced staff will undertake the clearing through customs clearing and deliver to your warehouse anywhere in Cyprus any type of cargo in a fast and efficient manner.
The company has been involved with dedication for over 60 years in customs clearing for the benefit of our numerous customers.
We can especially undertake large projects running for long periods of time.
- Direct Delivery from ships
- Car / Motorcycle Excise duty calculation and clearing
- Supply Chain Management
- Construction projects
Import duty & taxes when importing into Cyprus
Import duty and taxes are due when importing goods into Cyprus from outside of the EU whether by a private individual or a commercial entity. The import duty and taxes payable are calculated on the CIF value, i.e. the sum of the value of the imported goods and the cost of shipping and insurance.
The duty rates applied to imports into Cyprus typically range between 0% (for example books) and 17% (for example Wellington Boots). Some products, such as Laptops, Mobile Phones, Digital cameras and Video Game consoles, are duty free. Certain goods may be subject to additional duties depending on the country of manufacture, for example Bicycles made in China carry an additional (anti dumping) duty of 48.5%.
The standard VAT rate for importing items into Cyprus is 19%, with certain products, for example books, attracting VAT at the reduced rate of 8% or 5%. VAT is calculated on the value of the goods, plus the international shipping costs and insurance, plus any import duty due.
For imports into Cyprus, there are minimum thresholds below which duty and VAT are waived.
Duty is not charged if:
the FOB value, i.e. the value of the goods excluding shipping and insurance cost, does not exceed €150
VAT is not charged if:
the FOB value, i.e. the value of the goods excluding shipping and insurance cost, does not exceed €17.09
Other taxes and customs fees
Excise duty is payable on for example tobacco and alcohol.
Additional customs fees can be charged to cover the expense of performing any required examinations, verification and or testing of the imported goods.