Bonded warehouse - tax-free purchase of silver, platinum and palladium
It is extremely interesting to invest in silver.
And with duty-free storage, a remarkable solution is available to everyone to store the precious metal tax-free. Unlike gold, the purchase of silver is usually subject to VAT. For this there is an elegant solution for investors and buyers - and it is called duty-free warehouse.
There, duty-free and untaxed goods are stored. The goods, in our case silver, must come from abroad, for example from Germany. Physically, the silver is then stored in a warehouse in Switzerland, but, as already described, it is neither duty paid nor taxed because it was not imported. It does not matter how long the goods are stored there. Our duty-free warehouse at the international financial center of Zurich offers you special advantages. In the transit warehouse you can store your precious metals free of VAT and customs duties - for an unlimited period of time. In addition, you save logistics costs and the organization of a self-storage of your values.
Storage in the bonded warehouse is especially interesting for silver, platinum and palladium. You are also welcome to store your gold values. The opening of the warehouse already works from a value of 10'000 CHF/EUR. Every further order to your existing account is then without minimum value.
Only in case of an actual import, i.e. when the customer has the silver handed over to him, VAT will be charged. However, most customers store the precious metal in the duty-free warehouse for the long term. Or they sell the silver back to Geiger Edelmetalle AG, for example, without ever having to pay VAT. Their precious metals are stored in a high-security warehouse and are regularly inspected, with the goods being inventoried. An independent auditor certifies the actual inventory in the process. This gives the owners the certainty that their goods are actually there. The certificates and deposit statements are sent to customers on a regular basis.
Of course, gold can also be stored there; the issue of value-added tax does not play a role with this precious metal, but the security aspect does. In the case of silver, however, duty-free warehouses are an interesting and secure solution for storing this metal. Interested?
- The purchase of silver, platinum and palladium is free of tax and customs duty.
- The precious metals that you order are always physically present.
- The storage of the bars and coins is indefinite; you have them at your disposal at any time.
- You can sell your precious metals to Geiger Edelmetalle without VAT at the current rate or you can have it delivered physically.
- All stored goods are fully insured.
- An independent auditor verifies the stock once-a-year.
- You receive a certified securities account statement twice per year.
- The charges are calculated by the average value of your storage during accounting periods. You receive the statement twice per year in July and December.
fees
| Stored precious metal | storage fee per year |
|---|---|
| silver, platinum, palladium | 1.00 % |
| gold | 0.5 % |
Do you have anymore questions?
Simply get in touch with our contacts by phone or e-mail.
Tel.: +41 043 883 27 67
E-Mail: info@geiger-edelmetalle.ch