Business Environment Seminars :
Assignment
A Greek tax resident individual entrepreneur (software engineer) considers acquiring 100% of the shares of a Cypriot company, established under Cypriot law, whose registered seat is in Limassol. The accounting books of the Company are currently kept in Cyprus by a local accounting firm and he also considers registering himself personally as the Company’s Director after the acquisition. He will remain, though, a Greek tax resident as an individual, since his family will remain in Greece.
The income of the company will comprise of fees by Greek tax resident companies and by foreign entities (clients). However, all the work will be performed by the individual from his home in Greece, since the Cypriot Company will neither employ any personnel, nor will have an office space available in Cyprus (the registered seat is the office of the lawyer in Limassol that helped with the Company’s incorporation and the intention of the new shareholder is to keep this unchanged).
The individual’s objective is in fact to invoice all the services he renders in the name of the Cypriot company to benefit from the 12.5% Corporate Income Tax in Cyprus, compared to the 29% CIT in Greece or the marginal 45% for business income rendered by Greek tax resident individuals.
Please analyze the tax issues that you would advise the Greek tax resident individual to take into account before implementing his business plan.
Technology & Operations Management:
Select an organisation that you can easily visit and readily conduct observations. The
organisation can also be a remote one, but this has to be agreed with Dimi. Select one/two
topics from the contents of the module, and try to apply the tools you are being taught in
class to improve the operations efficiency of the company. This could be a service operation,
such as a coffee shop, or a manufacturing operation, such as a factory. I expect that students
prepare a business report based on the findings that includes the areas below.
Required Elements:
1. Evaluate the objectives of the selected operation. Use relevant concepts to evaluate the
objectives. These could include IP matrix, spider diagrams or similar graphs that show the
performance measurements of this particular organisation.
2. Observe and analyse the process. Collect data on the process, observe the customer
interaction, and process flow. Analyse this data to assess the performance of the operation
in its current state. The data can be primary data, that you collect yourself by interviewing
the manager and employees and observations or secondary data that you find in the
internet, surveys, academic literature or other sources.
Tools could include layout map and optimisation, Little’s Law and queues, vehicle routing
methods, location models, process and value stream mapping, and other.
3. Recommendations. Based on your analysis make recommendations for improvement.
Projects might also include a feasibility analysis and timeline for implementation.
