VAT-free Silver

Are you considering investing in silver bars to achieve your financial goals? Silver bars are not always the most attractive investment for individuals, as you normally have to pay 21% VAT. At Argentor you can now buy VAT-free silver, which means you no longer have to pay VAT on your investment. The silver is also stored safely and insured in a domestic customs warehouse until you choose to sell it again. 

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What should you know about VAT-free silver?

• What is VAT-free silver?

With silver, VAT can significantly increase the cost of your investment. However, certain jurisdictions and specific types of silver products are exempt from VAT, allowing you to buy silver without this additional cost. For example, coins fall under the margin scheme, so you don't have to pay tax on them. On silver bars you normally pay 21% VAT because silver is often considered an industrial product rather than an investment. VAT-free silver bars are an exception to this. As long as the silver is stored in a customs warehouse or depot, it remains exempt from VAT. This makes Argentor the only dealer in precious metals in Belgium to have obtained the license from the customs to store silver VAT-free. As soon as you physically remove the silver from the warehouse or have it delivered somewhere, it is subject to VAT.

• Why should I invest in VAT-free silver?

Investing in VAT-free silver offers several advantages. First, you avoid the high cost of VAT, which increases your returns. Silver is a reliable protection against inflation and helps preserve your wealth. 

It is also an excellent way to diversify your portfolio. Moreover, silver has intrinsic value due to both investment and industrial demand.

By choosing VAT-free silver, you can invest more of your capital directly in this valuable metal, thus securing your financial future.

• What is a customs depot?

A customs depot is a specially designated area located on the territory of a particular country but actually considered “outside” the country. Its purpose is to encourage trade by providing tax and regulatory benefits. As such, customs depots are storage facilities where goods can be kept for years without paying import duties or taxes.

• Where are the silver bars kept?

The silver bars are kept safe, insured and sealed for you in our customs depot, located in Belgium. 

• Are there any costs for storing VAT-free silver in the customs depot?

The additional cost of storing your silver in our customs depot serves to cover insurance costs.

• How can I sell my VAT-free silver again?

You can always contact us by phone or email during our business hours to sell your VAT-free silver.  

• Can I physically receive my VAT-free silver?

There is a possibility of handing over your VAT-free silver, but you will receive a VAT expense invoice as the silver will then reenter the VAT circuit.

• The silver is allocated entirely in your name

After purchasing VAT-free silver, the silver is kept in our customs depot. However, after purchase, you are the rightful owner and it is allocated to your name.  

• Can I cancel my purchase?

Cancelling an order is not possible! When placing an order, you make a commitment to buy. Every order is irrevocable and binding, no matter what reason.

Under no circumstances will we reimburse the down payment you made upon placing the order. The down payment will be used to cover administration fees. Furthermore, Argentor reserves the right to refuse any future orders.

• What happens to my goods if Argentor were to go bankrupt?

You are and will remain the owner of your bullion at all times. It is kept “off-balance”. No creditor of Argentor could claim your precious metal.