Singapore has already become one of the world's leading financial hubs — now, the country’s government wants to achieve its goal of making it one of the most attractive jurisdictions for investments. So far, it has taken great strides in this direction: Singapore's almost zero corruption, low taxes, minimal regulation, and a simple taxation system are appreciated by investors worldwide.
BullionStar — a company providing storage solutions for precious metals is a case in point. It was founded in 2012, just as the authorities of Singapore introduced a Goods-and-Services Tax (GST) exemption on transactions that involve precious metals investments (IPM). The GST exemption on IPM allows investors who buy bullion bars and coins from the company to avoid paying the sales tax.
BullionStar's key sphere of business is the sale of precious metals including physical gold, silver, platinum, alongside coins and other precious metal-based items. In 2018, after only 6 years of service, the company processed its 100 000th order.
BullionStar is committed to complete transparency, since detailed information on the company's operations is publicly available. Its yearly recorded revenue growth varies between 30% and 100%, thus showcasing high demand for BullionStar's services and considerable customer loyalty.
BullionStar services
Opening an account with BullionStar takes no more than a few minutes. Users can choose to make their precious metal purchases in person, at the company’s store, or online via the official BullionStar website.
Any purchased items can be delivered to the customer's desired address throughout the world.
However, most buyers prefer to store their coins in BullionStar's secure vault, which is attached to the store. The storage solutions offered by BullionStar include a vast array of additional free services. These include: clients can audit their assets at any moment online or in person, withdraw their coins/precious metal bars, sell them, buy more, view insurance certificates, or take real-time photographs of their holdings, and so on.
Depending on the type of asset, the annual storage fee amounts to 0.3-0.7%.
Yet another advantage of storing precious metals in the BullionStar secure vault is the possibility to sell coins and bars quickly and easily. Conversion into USD, Euro, and other fiat currencies is available, and only takes a few minutes.
Payments in BTC, ETH, LTC, and BCH
BullionStar aims to make payment for its services easy for people worldwide. To facilitate this, the company features a variety of innovative payment methods, which currently include 6 different currencies: USD, Australian Dollars, Japanese Yen, Singapore Dollar, Euro, and the Swedish Krona.
Apart from paying via a bank transfer or check, customers can also use four cryptocurrencies. Bitcoins payments were introduced 5 years ago, and nowadays, Ethereum, Bitcoin Cash, and Litecoin are also available.
Conclusion
BullionStar provides a comprehensive set of solutions for buying, selling, and storing precious metals, investment coins and bars. The rates and fees charged by BullionStar are among the best on the market. Complete transparency and multiple types of audit procedures help further increase the number of satisfied customers.
Website : https://gold.storage/
Whitepaper: https://gold.storage/wp.pdf
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