Tag Archives: Hong Kong

Royal England Safe Deposit Box Ltd. Featured On Hong Kong Tatler Website

Funny I should mention Hong Kong’s Royal England Safe Deposit Box Ltd. yesterday and an article about the private, non-bank vault pops up on the website of luxury magazine Hong Kong Tatler the same day.

While I brought up the new safe deposit box facility’s use of smartphone technology to improve customer service/experience, the Tatler piece went into more detail about the Royal England operation (first blogged about here). For example, regarding the security/technology utilized in the secured storage space:

When devising the vault technology, Royal England enlisted the help of security experts from Wynn Macau and the Venetian Macao to develop a fully automated security system to encrypt client data. The system requires no staff and uses computer and biometric identification to ensure accuracy in verification of identity. Just one person is able to enter the vault at a time, meaning you can access your valuables free from any interference. Royal England does not number the boxes, so the location of your box cannot be leaked. Instead, it uses a lighting system to indicate the whereabouts of your box once you’re inside the vault.

(Editor’s note: Bold added for emphasis)

That box location procedure is a nice touch, providing an extra layer of security for personal belongings of significant worth. And attracting wealthy clients particularly interests the Hong Kong business. As director Ray Li stated in a recent interview:

Our target customers are the well-heeled in the society, to appeal to them, we hope to present Royal England as the top safe deposit box service brand in the world.


“Royal England- Exclusive Art Appreciation & Whiskey Tasting”
YouTube Video

As mentioned previously, Royal England Safe Deposit Box Ltd. is a member of the Safe Deposit Federation, “a self-regulating federation of independent safe deposit box companies.”

Head on over to the Hong Kong Tatler website here to read the entire article. And for more information about Royal England, readers can visit their site here.

By Christopher E. Hill
Offshore Safe Deposit Boxes (www.offshoresafedepositboxes.com)

(Editor’s note: The mention of a particular business/organization should not be construed as confirmation of services claimed to be provided or any sort of recommendation. A qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. Christopher E. Hill, the creator/Editor of this blog, is not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented on the site.)

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South Africa’s Knox Safe Deposit Boxes Modernizing And Expanding

This morning while reading the “news” section on the website of the Safe Deposit Federation (first blogged about here), I learned South Africa’s first private, non-bank safe deposit box facility is undergoing modernization and expansion. According to the SDF, Knox Safe Deposit Boxes (aka Knox Titanium Vault Company) in Johannesburg is launching a smart phone application that will allow a customer to interface with the business in real time, and is moving forward with a multimillion-rand expansion project resulting in additional boxes, increased security, and rooms for client use.

This is the second time this month I’ve observed private vaults capitalizing on smart phone technology to improve customer service and experience. On November 14, I wrote about Hong Kong’s Royal England Safe Deposit Box Ltd., which allows clients to “manage the authorised person’s access and trace the situation of the safe deposit box at any time via our mobile phone application.”

Both Knox Safe Deposit Boxes and Royal England Safe Deposit Box Ltd. are members of the Safe Deposit Federation, “a self-regulating federation of independent safe deposit box companies.”

A short but interesting article, which can be read on the SDF website here. And for more information about Knox Safe Deposit Boxes/Knox Titanium Vault Company, visit their site here.

By Christopher E. Hill
Offshore Safe Deposit Boxes (www.offshoresafedepositboxes.com)

(Editor’s note: The mention of a particular business/organization should not be construed as confirmation of services claimed to be provided or any sort of recommendation. A qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. Christopher E. Hill, the creator/Editor of this blog, is not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented on the site.)

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Hong Kong’s Royal England Aims To Be ‘Top Safe Deposit Box Service Brand In The World’

Back in April, Royal England Safe Deposit Box Ltd. celebrated the “soft opening” of its private, non-bank vault in Hong Kong’s Central/Western district. Outfitted by Burton Safes, Royal England offers over 1,400 safe deposit boxes with 24/7, 365 days a year accessibility in addition to other conveniences like trackable third-party access and a secure pick-up/drop-off service.

Not too long ago, facility director Ray Li was interviewed about the creation of Royal England, developing the business, and bringing Chinese-American actor Michael Wong on board as their brand ambassador. According to Li:

The business has been on track as scheduled since it started operation in July. However, as our target customers are the well-heeled in the society, to appeal to them, we hope to present Royal England as the top safe deposit box service brand in the world.

(Editor’s note: Bold added for emphasis)


“Royal England- Enjoy Real Privacy”
YouTube Video

Royal England is also a member of the Safe Deposit Federation (SDF), “a self-regulating federation of independent safe deposit box companies.”

Offshore Safe Deposit Boxes wishes Royal England Safe Deposit Box Ltd. all the best with their new facility.

You can read the entire interview with Ray Li here. And for more information about Royal England, head on over to their website here.

By Christopher E. Hill
Offshore Safe Deposit Boxes (www.offshoresafedepositboxes.com)

(Editor’s note: The mention of a particular business/organization should not be construed as confirmation of services claimed to be provided or any sort of recommendation. A qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. Christopher E. Hill, the creator/Editor of this blog, is not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented on the site.)

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List Of Offshore Private Vaults Updated

The list of private, non-bank vaults outside the United States (offering safe deposit boxes/lockers at a minimum) located on this blog’s sister site- Offshore Private Vaults- was recently updated.

Safe deposit facilities now open for business have been added under the following countries:

-Hong Kong (Royal England Safe Deposit Box Ltd.)
-Thailand (Magna Carta Law Office, Pattaya)

Only two for now. Any new facilities I missed? I’d be grateful if you let me know about them. In the meantime, readers can view the updated list of offshore private vaults here.

Christopher E. Hill
Editor

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List Of Offshore Private Vaults Updated

The list of private, non-bank vaults outside the United States (offering safe deposit boxes/lockers at a minimum) located on this blog’s sister site- Offshore Private Vaults- has just been updated.

Safe deposit facilities now open for business have been added under the following countries:

-Hong Kong (Smart Secured Storage)
-Liechtenstein (Liemeta AG, Triesen)
-United Kingdom (Swansea Safe Deposit, Swansea, Wales)

That’s it for now. Any new facilities I missed? I’d be grateful if you let me know about them. In the meantime, readers can view the updated list of offshore private vaults here.

Christopher E. Hill
Editor

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Economist Martin Armstrong Warns Of Storing Assets In U.S. Bank Safe Deposit Boxes

We’re back after a short break. And to jump start the continued discussion about asset protection outside the United States, I’d like to point out a February 25 blog post by economist Martin Armstrong on his company’s website. Regular readers of Offshore Safe Deposit Boxes know that Armstrong brings up bank safe deposit boxes from time to time, and the head of Armstrong Economics penned the following while I was away:

Keep in mind the government can close all banks for there is precedent. Whatever you have in a safe deposit box can also be seized and inspected.

There is no precise law against storing metal or cash in a safe deposit box. But law is malleable in the hands of any judge. He can seize the money or gold under the pretense of money laundering hiding it from the government. Under Civil Asset Forfeiture, they can assume the money is guilty of a crime being even tax evasion. It then is your burden to fight in court to get it back if you can hire a lawyer…

(Editor’s note: Bold added for emphasis)

Keep in mind that Armstrong is referring to safe deposit boxes in U.S. financial institutions here, not secured storage containers located in private vaults outside the American banking system.

That being said, the economist sees a “global trend” in the seizure of assets through claims of money laundering and tax evasion. I blogged back on June 6, 2016:

Martin Armstrong… has chimed in on the new HSBC safe deposit box regulations in Hong Kong. He issued this warning on his company’s blog Friday:

Governments are targeting safe-deposit boxes to look for cash that is hiding from taxation. HSBC, a U.K. bank, is now moving against claimed financial crimes by altering conditions for safe-deposit boxes. This is becoming a global trend. Anything of value that is stored in a safe-deposit box is now considered money laundering. Governments want their taxes and all the laws are changing to ensure they get their money.

(Editor’s note: Bold added for emphasis)

“Anything of value that is stored in a safe-deposit box is now considered money laundering”

Does that include legally-purchased and owned precious metals (with receipts to boot also showing taxes paid when applicable)?

Once again, these are bank safe deposit boxes Armstrong is talking about.

To date, I haven’t encountered anything by Mr. Armstrong about boxes in private, non-bank vaults.

By Christopher E. Hill
Offshore Safe Deposit Boxes (www.offshoresafedepositboxes.com)

(Editor’s note: A qualified professional should be consulted prior to making a financial decision based on information found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. Christopher E. Hill, the creator/Editor of this blog, is not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented on the site.)

Source:

Armstrong, Martin. “Is it Safe to Store Gold in a Safe Deposit Box?” Armstrong Economics Blog. 25 Feb. 2017. (https://www.armstrongeconomics.com/markets-by-sector/precious-metals/gold/is-it-safe-to-store-gold-in-a-safe-deposit-box/). 7 Mar. 2017.

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List Of Offshore Private Vaults Updated

Updates have recently been performed on the list of private, non-bank vaults outside the United States (offering safe deposit boxes/lockers at a minimum) located on this blog’s sister site- Offshore Private Vaults.

Safe deposit facilities now open for business have been added under the following countries:

-Germany (pro aurum, Bad Homburg)
-Hong Kong (UltraVault by Malca-Amit)
-India (Navkettan Lockers, Mumbai)
-Japan (UltraVault by Malca-Amit, Kobe and Tokyo)
-Liechtenstein (Swiss Gold Safe (Liechtenstein) AG, Triesen)
-Malaysia (Titanium Safe Deposit Box, Tawau in Sabah)
-Netherlands (DNK, Maasdijk)
-New Zealand (Imperial Vaults, Mount Roskill- Auckland suburb)
-Singapore (Malca-Amit, Central Business District; UltraVault by Malca-Amit)
-United Kingdom (Luton Safe Deposit Centre, Luton, England; Newcastle Vaults, Newcastle upon Tyne, England)
-Uruguay (Cambio Europa S.A., Montevideo- formerly Europa Servicios)

Know of any I may have missed? Please let me know.

Readers can view the updated list of offshore private vaults here.

Christopher E. Hill
Editor

2/6/17 UPDATE: Imperial Vaults in New Zealand and Luton Safe Deposit Centre in the United Kingdom were added to the above list after this post was originally published

(Editor’s note: The mention of entities marketing themselves as private vaults outside the U.S. offering safe deposit boxes/lockers at a minimum should not be construed as confirmation of services claimed to be provided or any sort of recommendation. A qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. Christopher E. Hill, the creator/Editor of this blog, is not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented on the site.)

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