Cyprus has one of the most favourable double tax treaties with India for the avoidance of double taxation and the prevention of fiscal evasion. The tax treaty offers benefits such as exemption from capital gains tax.
As a result of the benefits offered, an ever increasing proportion of investment into India has been channelled through Cyprus.
Individuals or companies who are seriously considering using Cyprus for any of their international business activities are advised to obtain expert professional advice before taking positive action.
The above should be used as a source of general information only. It is not intended to give a definitive statement of the law and is subject to the disclaimer.