Thomas Cook India Expands into the European Union with Strategic Launch in Cyprus

India, 10th June, 2025 – Thomas Cook (India) Limited has officially marked its entry into the European Union, with Cyprus as its first EU destination. This strategic expansion is designed to support Indian enterprises and high-net-worth individuals seeking to scale into European markets.

Why Cyprus, Why Now?

Ranked among the top 50 easiest countries to do business, Cyprus is rapidly emerging as a hub for global entrepreneurs. At the recent Leadership Circle Roundtable, Bhargavi Rathi, CEO of Digital Go Where, led a compelling session titled "Breaking into Cyprus: A 2025 Opportunity for Business." The discussion brought together key Cyprus-based leaders to explore the country’s unique advantages.

“The combination of a sunny climate and a friendly tax regime makes Cyprus a magnet for global talent and businesses,” said Bhargavi Rathi. “It’s a plug-and-play destination for companies looking to scale in the EU with minimal friction.”

Strategic Location & Seamless Incorporation

Situated at the crossroads of Europe, Asia, and Africa, Cyprus serves as a powerful launchpad for international operations. Andreas Athinodorou, CEO of Athena Trust Group and a UK-qualified chartered accountant, highlighted Cyprus’s English-based common-law legal framework and quick incorporation process.

“Setting up a limited liability company can take as little as 7–10 working days,” Athinodorou explained. “That, combined with full EU access, makes it highly attractive to Indian businesses.”

Residency & Lifestyle Benefits

Angela Neofytou, a Cyprus-based real estate and immigration expert, shared insights on the country’s Permanent Residency pathway. With an investment of €300,000 in real estate (plus VAT), investors gain residency that requires just one visit every two years to maintain.

Tax-Friendly Ecosystem

Christos Kythreotis, founder of Auxilium Professional Services, emphasized Cyprus’s competitive tax environment, including a 12.5% corporate tax rate and a favorable non-domicile regime.

“If structured correctly, entrepreneurs can enjoy 0% tax on dividends, interest, and overseas rental income for up to 17 years,” he noted.

A Strategic Choice for Indian Businesses

Thomas Cook India’s move signals a broader trend among Indian companies: Cyprus is more than a scenic destination—it’s a gateway to European growth, tax efficiency, and lifestyle appeal.

About Thomas Cook (India) Limited

Thomas Cook (India) Limited is a leading integrated travel services company offering a broad spectrum of services including foreign exchange, corporate travel, MICE, and leisure travel. Its latest expansion into Cyprus reaffirms its commitment to enabling global mobility and international business growth.