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Bullion in Singapore
Singapore is simply the best country in the world to buy and store bullion.
Singapore is the free-trade capital of the world and has a solid reputation in terms of property rights protection and ease of doing business. These conditions together with below mentioned advantages makes Singapore the ideal location for storing precious metals.
Tax-Free - There is no tax for bullion whatsoever in Singapore. No GST/VAT/Sales tax and no capital gains tax.
No Reporting Requirements - There are no domestic or international reporting requirements for buying, selling or storing gold in Singapore. No permits are necessary to import or export investment precious metals.
Cash Allowed - Cash makes sense. There is no counter party risk involved for cash and carry. If you settle in cash, you don't have to place any trust in anyone. You get the bullion, we get the cash.
Property Ownership Rights - Singapore is politically stable with strong property ownership rights protection.
Business Climate - Singapore consistently ranks top three globally in business climate reports measuring how easy and straightforward it is to conduct business in different countries.
Independence from the EU & USA - Singapore has no jurisdictional ties to the US or any country in Europe. Singapore is proud of its independence.
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