There are many good reasons for industry players to start their Gold business here in Singapore:
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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
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Strong Governmental Support
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World-class financial infrastructure: Singapore is the only AAA-rated country in ASEAN
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Well-regulated banking system
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Wealth management hub
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Open market
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Transparency
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Politically stable with strong rule of law
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Benefit of English as a common language
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Good access to ASEAN markets, India and China
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Fill the time and liquidity gap between the United States and London
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SBMA can help to open the door to Gold market in Singapore