Buy Physical Gold Bullion in Singapore
GST exemption for investment precious metals encourage physical gold investment in Singapore
Since 2012, GST goods and services tax were exempted from precious metals. This move makes it cheaper for gold investors in Singapore to buy physical gold bullion as gold investment and as a store of wealth.
Since then, Singapore has been recognized as a precious metals trading hub and exemption of GST on investment grade precious metals (IPM) and no licensing requirements for import and export of IPM, were implemented in Singapore.
This initiative helps to drive the gold bullion trading volume in Singapore as a whole. With Enterprise Singapore government agencies strong support and aimed to be precious metals trading hub in Singapore, we were making great progress to be the best place to buy physical gold bullion in Singapore as an investment.
Singapore is recognised as the safest, most secured and corruption free country in the world
Do you know? The Transparency International (TI) Corruption Perceptions Index (CPI) 2019 has ranked Singapore the 4th least corrupt country in the world out of 180 countries with a score of 85, a high score from the preceding TI-CPI 2018 which Singapore has successfully maintained.
Singapore is highly regards as the safest and most secured country in the world. As a Singaporean living here in Singapore for many years, we understand the root and culture of our country. Our country do not tolerate corruption, money laundering and crime. Although we are just a small country, we are strict and discipline, everyone abide to Singapore law and order, making Singapore the safest country to stay and the best place to invest in physical gold bullion with a peace of mind.
Singapore enjoys peace and prosperity because of the security and safety provided by our Home Team officers. The Singapore Police Force protects all who live and work in Singapore from all manner of criminal harm through the strategies of Prevention, Deterrence and Detection.
High net worth investors from all around the world recognized Singapore to be the best place to invest and protect their asset in Singapore. Physical gold bullion makes it the best choice for investors to have actual ownership of physical gold holding to grow their physical wealth.
Singapore is the most technologically advanced and the most innovative country in Asia
Do you know? Singapore is constantly seeking for technology breakthrough. Invention and innovation are a integral part of Singapore business culture. The 2017 Global Innovation Index ranked Singapore as the most innovative country in Asia, while the 2017 Bloomberg Innovation Index ranked Singapore sixth globally. That’s a big reason why companies like Amazon and IBM are using Singapore to pilot groundbreaking new projects before they roll them out globally.
Singapore’s plug-and-play business environment lets tech companies hit the ground running almost immediately. In Singapore, businesses get instant access to one of the most technologically advanced IT infrastructures in the world. In fact, Singapore was ranked first in digital infrastructure in the Economist Intelligence Unit’s latest Asian Digital Transformation Index.
Singapore is protected against natural disaster
Singapore is not near any major fault line. So that eliminates earthquakes and volcanoes, flood and strong winds of a typhoon. It is protected by the Indonesian, Malaysian and the Philippines islands from tsunamis. Singapore is a disaster free country, thus this also help to contribute to Singapore success as one of the richest country in the world.
A major financial hub in the Asia Pacific region, Singapore has long earned a reputation as one of the world’s most advanced economies.
Despite its small domestic market and a lack of natural resources, Singapore successfully weathered through the financial crises of 1997 and 2008. Today, the Singapore economy is one of the most stable in the world, with no foreign debt, high government revenue and a consistently positive surplus.
With no natural disaster in Singapore, investors will have a peace of mind by buying physical gold bullion as a form of investment and insurance against their overall portfolio and to hedge against inflation or national crisis. It is a form of diversification, or as a part of asset allocation. In case of unexpected Brexit vote that crash the global stock markets, having physical gold bullion to hedge against the risk of financial market would be a wiser choice to secure your financial wealth.
Why Singapore?
As an international financial centre, Singapore offers financial institutions a pro-business environment, excellent infrastructure, cost-competitiveness, a highly skilled and cosmopolitan labour force.
Located at the heart of Southeast Asia, Singapore is well placed to serve the fast-growing markets of the Asia-Pacific region. Financial institutions in Singapore also trade around-the-clock with Asia-Pacific centres, as well as European and American centres, making Singapore a significant hub for 24-hour trading in foreign exchange and securities. International travel is equally convenient. Singapore has grown to be a strategic link and important gateway for global investors.
Singapore remains connected to growth markets, not just in Asia but also beyond. Singapore has concluded bilateral Free Trade Agreements (FTAs) with major economies, including the United States, European Union, China, Japan, India, Korea, Australia, New Zealand, and Switzerland. Singapore is also part of a number of multilateral FTAs, including the Comprehensive and Progressive Trans-Pacific Partnership, GCC-Singapore FTA and ASEAN FTAs with some of the key ASEAN Dialogue Partners. These FTAs provide privileged access to the markets of partner countries.
Singapore is also building linkages, including through Bilateral Investment Treaties and FinTech Cooperation Agreements, with countries further a-field including the Middle East, Africa and South America, given the growing trade and investment interests in emerging economies.
Conducive Pro-Business Environment
Singapore has long been recognised as one of the best cities for business. This is what a World Bank report had to say about doing business in Singapore:
It takes an entrepreneur just over 6 working days to get a new business going in Singapore, with low start-up costs. Overall, taking into account other factors, including business licensing, taxes, credit legal rights and investor protection, Singapore has about the most business-friendly regulation in the world.
Investors have also come to appreciate the high levels of transparency and reliability in business, economic and regulatory affairs in Singapore. A stable political structure with parliamentary democracy, a well-established judicial system, and the presence of strong domestic institutions with good corporate governance practices, have made the Singapore business environment even more attractive to global investors.
Established Singapore based physical gold bullion dealers can freely arrange importation of investment graded physical gold bullion approved by LBMA from reputable mints and refineries into Singapore. Shipment via flight to and from any countries is highly affordable, thus making gold bullion import to Singapore or export out of Singapore cost effective.
Gold Price Singapore Pte Ltd provide physical gold in various form, we aim to provide the best value of your physical gold purchase. We carry IPM qualifying Gold Coins which is GST exempted and LBMA listed brand 999.9 Gold Bars. You may shop at our physical gold online store at www.buygold.sg and we provide Secured Delivery in Singapore. For order at our store counter and self collection, you may arrange an appointment with our sales person, Billy at (65) 9781 8351.
