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Bullion Storage in Singapore
Singapore is the best country in the world in which to store investment precious metals.
Tax-Free - There are no taxes on bullion whatsoever in Singapore. No GST/VAT/Sales/Import/Export tax and no Capital Gains Tax.
No Reporting Requirements - There are no reporting requirements whether domestic or international when purchasing, selling or storing gold in Singapore. There are also no permits required to import or export precious metals into or out of Singapore.
Cash Allowed - Cash transactions are allowed in Singapore for settlement of bullion purchases. There is no counterparty risk involved when making cash payments in a cash for bullion transaction.
Safety & Security - The crime rate in Singapore is among the lowest in the world. Violent crime is almost unheard of in Singapore. In Singapore you can walk into a bullion retail shop such as BullionStar's shop at 45 New Bridge Road, make a purchase of bullion bars or coins, take physical possession and walk out with your precious metals without any fear of robbery.
Property Ownership Rights - Singapore is politically stable with a legal system that enshrines strong property ownership rights.
Business Climate - Singapore consistently ranks in the Top 3 globally in business climate surveys which report on the ease and efficiency on doing business in different countries worldwide.
Laws and Regulations - While governments in the EU and the USA are increasingly attempting to limit and curb investments into precious metals through restrictive legislation on the purchase and possession of precious metals, the Government of Singapore is dedicated to transform Singapore into a trading, transit and storage hub for precious metals.
Independence from the EU & USA - Singapore has no jurisdictional ties to the US or to any country in Europe. And furthermore, Singapore is proud of its independence.