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Complete business support in Spain/Europe for doing business in India

From company setup to necessary registrations, localisation services, business process management, management consulting, tax services and consulting, legal support With presences in Delhi, Mumbai and Bengaluru.

SHANDA CONSULT, an international consulting firm based in Nicosia, Cyprus, is Business Partner of Excelor India. With a wide network of trusted partners in the European Union, the Mediterranean, in the Middle East and Asia, SHANDA CONSULT provides Expert business services in Europe, Cyprus, Mediterranean and Middle East.

SHANDA CONSULT have partnered with Excelor India for Cross-border Investment, Business setup, Localisation, etc in India.


Cyprus and India enjoy strong closed ties since many decades. Cyprus's Foreign Direct Investment (FDI) in the FY 2017-18 was US$ 290 million with an increase of US$ 8 million in the FY 2016-17.

As per the DIPP figures, Cyprus is 8th top investor in India with cumulative investments of US$ 9.488 billion during April 2000 and December 2017. These investments as FDI equity inflows have gone into areas such as financial leasings, stock exchange, auto manufacture, manufacturing industries, real estate, cargo handling incidental to land transport, construction, shipping and logistics provider.

The revised India Cyprus DTAA was signed on 18 November 2016 in Nicosia. The revised agreement provides for source based taxation for gains from the alienation of shares; investments undertaken prior to 1 April 2017 are grandfathered with the view that taxation of disposal of such shares at any future date remains with the contracting state of residence of the seller.

India and Cyprus signed an Agreement on Economic, Trade, Scientific and Industrial Co-operation in April 1989, following which the Joint Economic Committee (JEC) was established.  The first meeting of the JEC was held in Nicosia in May 1992 and the last session through video conferencing on 8 June 2016.
Whether you are a foreign company and wish to enter the Indian market, or you are an Indian company wishing to set up your business or holding in Cyprus, or wish to enter the European markets through Cyprus, we will be glad to provide you our full support.