2023 Doing Business in Cyprus (India Edition)

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DOING BUSINESS C YPRUS 70 INDIA EDITION On the flip side, Cyprus’ enviable position in shipping and tourism presents a lucrative proposition for India. With its vast coastline and a booming middleclass population with an appetite for travel, India can significantly benefit from Cyprus’ established shipping routes and renowned tourist hotspots. Cyprus can serve as a preferred destination for IThe island’s stable regulatory framework, combined with its strategic location as a gateway to Europe, has made it an attractive destination for Indian IT firms and fintech start-ups. Indian tourists while also acting as a logistics hub, catering to India’s expansive export market. Moreover, the synergies are not limited to industries. It’s about creating an ecosystem where businesses from both countries can thrive. This can range from provision of training and education in established industries in Cyprus to India’s young and dynamic workforce and/or India’s IT hubs offering tech solutions to Cypriot enterprises. The possibilities are endless. In essence, this collaboration isn’t about one country benefiting at the expense of another. It’s a win-win. It’s clear that this is not a one-sided partnership, both nations bring unique and invaluable strengths to the table. How does the Cyprus-India Business Association (CIBA) support and foster business links between the two countries? CIBA envisions a dynamic role in shaping the business landscape between India and Cyprus. The roadmap has always been ambitious yet achievable. Our key role is the facilitation of more business-to-business engagements, trade fairs, and knowledgesharing sessions, as well as the organisation of more business delegations between the two countries. These delegations act as a platform for both countries to meet and explore opportunities of mutual interest. Other key aims of CIBA are the active promotion of Cyprus as not just a business destination, but as the gateway of India to the European Union, the engagement with policymakers from both countries to ensure a seamless business environment and to foster collaborations in emerging sectors to encourage joint ventures and investments. At the end of the day, we’re all about building strong, lasting business ties that help both our countries grow. We value our shared history and trust. With that foundation, we’re ready and excited to work together for a brighter future for both India and Cyprus and to write the next promising chapter together. n
“WE ENRICH THE LIVES OF THOSE WHO ENTRUST US” REDEFINING THE ART OF GLOBAL BUSINESS The Aspen Trust Group team has extensive international experience spanning over 20 different jurisdictions worldwide. Our team, representing diverse ethnic and cultural backgrounds, has been the foundation of our Group for over two decades. This diversity empowers us to build strong connections with our equally diverse clientele. MARINA ZEVEDEOU • Chief Executive Officer • President - Women Indian Chamber of Commerce & Industry • Cyprus Country Chair - G100 Global Trade Wing Aspen Trust Group Elia House 77, Limassol Avenue 2121, Nicosia - Cyprus T: +357 2241 8888 F: +357 2266 8111 E: marina.zevedeou@aspentrust.com W: www.aspentrust.com
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2023 Doing Business in Cyprus (India Edition)

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