Fixed Asset Control
Fixed Asset Control is of vital importance for any company in the field of foreign trade. Managing and documenting the legal stay and possession of machinery and equipment—both in national territory and in customs and accounting records—is a fundamental requirement for operating safely and avoiding potential legal issues.
Our highly specialized legal advisory firm in foreign trade understands the challenges that companies face in this area. That’s why we offer a comprehensive service for the valuation and/or reconstruction of fixed asset control, designed to provide peace of mind and regulatory compliance to our clients.
What does our service consist of?
Our approach is clear and effective. We work hand in hand with your company to create an action plan that ensures all fixed assets are backed by the necessary documentation and information.
The purpose of this service is to provide your company with a complete file that supports the legal stay and possession for each fixed asset. This way, you ensure compliance with all current regulations in foreign trade and protect yourself from possible legal complications in the future.
In the event of a government audit, having the proper documentation is crucial. Otherwise, authorities may consider it an act of smuggling and seize the merchandise. This not only entails fines and surcharges but also the risk of canceling essential programs and certifications, such as IMMEX and VAT Certification.
If you would like to learn about all the services TradeWorks can offer you, visit our services section.