The Memorandum and Articles of Association for companies in Singapore clearly say the program of assets of Singapore. The business resources of Singapore is composed of fixed assets, accounts-receivable records, information technology assets, goodwill and property of the business. Other fixed assets include accounts-receivable records, furniture and fittings, office furniture and equipment, machineries and relevant resources.
The Accounts-receivable record is a record that reveals the value of products or services acquired or sold along with the quantity or total value paid to exactly the exact same on the date of sale or purchase. The Articles of Association for company enterprises in Singapore also stipulate the process for transfer of stocks between the owner or company and other authorized personnel. Furniture and fixtures are usually categorized as fixed assets. Office furniture and fixtures comprise office desks, chairs, tables, file cabinets, computer tables, stationery and office equipment. Machineries and related resources are usually classified as variable resources.
As a portion of the nation's aim to become a developed country, it borrows a series of tax policies which favors businesses and helps them develop. One of the major elements making Singapore a favored location for business is its steady economy. Since Singapore is a low-tax jurisdiction, companies in Singapore have the very low rate of taxes as compared to other countries.
The authorities of Singapore always strives to enhance its infrastructure. Apart from the significant cities such as Singapore, there are many secondary cities which serve as the financial hub of the country. With these significant economic engines in place, the rise of the nation's fixed assets could be expected. The practice of company listing in the schedule of assets of Singapore is a tough undertaking, but well worth the effort. It is the sole means for companies in Singapore to achieve its potential.