Dear Madam,
I was delighted to read your article on offshore jurisdictions in relation to India (Racing for a place in the sun, IBLJ volume 3, issue 4). As evidenced very recently by the state visit of Pratibha Patil, President of India, to Cyprus, the two countries enjoy a very close relationship drawing from their Commonwealth heritage. The visit was a forum for many Indian businesspeople that have visited Cyprus and have sought to learn about the many opportunities here. I believe that Cyprus is ideally placed for Indian business since it enjoys an unparalleled network of double taxation avoidance agreements, is an EU member and shares a common legal heritage with India.
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