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India–Cyprus Relations Are Taking Off  

June 2025 marked a pivotal moment: Prime Minister Narendra Modi made the first-ever visit by an Indian Premier to Cyprus in over 20 years, spotlighting a historic deepening of bilateral ties, particularly in trade, technology, fintech, and innovation (cy.linkedin.com, timesofindia.indiatimes.com).

Cyprus: A Strategic EU Gateway for Indian Companies

  • The India–Middle East–Europe Corridor (IMEC) was emphasized as a forthcoming sea and rail trade route, with Cyprus hailed as a key gateway to Europe (reuters.com).
  • PM Modi reiterated India’s goal to finalize an EU–India Free Trade Agreement by the end of 2025, and Cyprus pledged full support ahead of its EU presidency in 2026 (reuters.com).

 

India’s Footprint in Cyprus

  • A high‑level trilateral business forum in Limassol included leaders from India, Cyprus, and Greece across AI, fintech, shipping, and tourism sectors (indiashippingnews.com).
  • Mutual trade already stands at around USD 150 million, with multiple Indian firms (spanning fintech, renewable energy, maritime tech, and film production) exploring expansion into Cyprus (tribuneindia.com).
  • Strategic & Industry Highlights
  • High-level trilateral forum in Limassol (June 15, 2025): Business leaders from India, Cyprus, and Greece convened to foster collaboration across sectors like fintech, innovation, logistics, AI, IT services, maritime/shipping, and tourism, alongside announcing a new trilateral business council economictimes.com
  • BCentriqe.AI to establish headquarters in Cyprus: The company’s CEO confirmed its decision to open offices focused on AI-driven profit management, omni-channel customer engagement, and chatbot solutions cbn.com.cy.
  • LTIMindtree’s Digital Innovation Hub: A state-of-the-art centre at CYENS in Nicosia targets Eurobank and Fairfax clients, specializing in AI, digital banking, cloud, and smart‑city technology.
  • Thomas Cook India launches local office: Through TCI EURO in Nicosia, offering travel, foreign exchange, and MICE services, part of Fairfax-backed strategy to use Cyprus as EU gateway cbn.com.cy  news.kathimerini.com.cy
  • Fintech momentum via UPI: Eurobank–NPCI collaboration aims to implement UPI in Cyprus, driving cross-border digital payments and creating roles in payments tech and compliance cyprus-mail.com
  • Film & entertainment potential: Cyprus is being eyed as a new Bollywood filming location, driven by its collaboration in the IMEC initiative and MoUs promoting incentives such as IP-box and filming rebates.
  • Additionally, reports suggest 20+ major Indian companies(in fintech, drone tech, pharma, renewable energy, shipping, R&D) are in advanced discussion to set up operations in Cyprus kathimerini.com.cy

 

MoUs accelerating cross-border collaboration:

  • Stock exchange cooperation via MoUs between India’s NSE and Cyprus Stock Exchange, and the Bombay Chamber of Commerce with the Cyprus Chamber of Commerce reuters.com
  • Eurobank plans to introduce India’s UPI payment infrastructure in Cyprus, reinforcing financial connectivity between the regions knews.kathimerini.com.cy

 

Emerald Zebra: Your Partner for Indian Companies in Cyprus

With this surge in India-Cyprus collaboration, the demand for specialist talent in fintech, tech, AI, and payments will increase. That’s where Emerald Zebra shines:

  1. Sector Expertise
    • Niche focus on fintech, tech, finance, and emerging iGaming sectors where Indian companies are concentrating expansion efforts.
  2. Global Talent Reach
    • Our sourcing network of local, expat (local and overseas) and repatriating professionals, gives us access to highly skilled talent ready to be hired in Cyprus.
    • We facilitate end-to-end support for cross-border placements, from work visas to onboarding.
  3. Market-Leading Speed and Quality
    • Delivering pre-screened CVs within 96 hours for straightforward searches ensures we match firms’ need for swift hiring (emeraldzebra.cy).
    • Our HEX human-centered model ensures excellent candidate experiences, reinforcing employer brand and retention (cy.linkedin.com).
  4. Tailored Solutions for Indian Firms
    • We’re fluent in hiring for UPI/digital payments specialists, AI engineers, cloud architects, compliance leads to name a few roles in highest demand.
  5. Strategic Presence in Cyprus
    • Emerald Zebra is on the ground in Cyprus,  the very hub where Indian firms like LTIMindtree and Thomas Cook India are setting up fintech, AI, travel, and MICE operations.

 

What’s Next for Indian Ambitions in Cyprus

  • Free Trade Agreement with EU – fast-tracks market access and investment potential
  • IMEC & Trilateral Business Liaisons – ongoing trilateral forums solidify business and logistics planning .
  • Emerging Industry Clusters – expect acceleration in AI, renewables, maritime, film, and fintech outreach .

 

Emerald Zebra: Your Partner for Indian Expansion to Cyprus

If you’re a company from India aiming to enter or scale in Cyprus, Emerald Zebra is your strategic recruitment partner. We offer:

  • Specialist cross-border hiring in fintech, tech, AI, payments, Finance and Gaming
  • Rapid sourcing with a targeted talent pool ready for Cyprus hiring
  • End-to-end support, from candidate identification and visa advisory to onboarding and retention strategies

 

We’re positioned at the frontline of India-Cyprus expansion—ready to plug the talent gap as businesses set sail on this landmark growth journey.

Want to get started?
Book a call with a member of our team at jobs@emeraldzebra.cy
 

visit our salary survey page and download the latest Cyprus salary guide

India, Cyprus expand ties in financial sector, create …

The Economic Times https://economictimes.indiatimes.com › articleshow

3 days ago — The Prime Minister noted that Cyprus was a significant economic partner for India, particularly in the Foreign Direct Investment sector and …

India Prime Minister Modi visits Cyprus to advance trade …

https://www.reuters.com › world › india-prime-minister…

4 days ago — Indian Prime Minister Narendra Modi arrived in Cyprus on Sunday in a visit focused on the potential role the island could play in linking …

India expects EU trade deal by year end as Cyprus …

https://www.reuters.com › world › india › india-expects…

3 days ago — India expects to finalise a free trade agreement with the European Union by the end of this year, Prime Minister Narendra Modi said on …

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