There are many reasons for industry players to start a gold business in Singapore:

  • No GST on Investment Precious Metals (IPM)
    Click here to view more information about IPM
  • Approved Refiners and Approved Consolidators enjoy certain benefits including GST suspension on qualifying imports and additional input tax benefits (ARCS)
    Click here to view more information about ARCS
  • World-class physical infrastructure
    • Refineries
    • Vaulting
    • Secured logistics
    • Bullion banks (market makers)
    • Liquidity providers
  • Strong governmental support
  • World-class financial infrastructure: Singapore is the only AAA-rated country in ASEAN
  • Well-regulated banking system
  • Wealth management hub
  • Open market
  • Transparency
  • Politically stable with strong rule of law
  • English as a common language
  • Good access to ASEAN markets, India and China
  • Fill the time and liquidity gap between the United States and London
  • SBMA to help to open doors to the gold market in Singapore