Cheapest Country To Buy Luxury Watches

Top 5 cheapest countries to buy luxury watches

You can buy a luxury watch from anywhere in the world. However, you must note that the price of these watches vary from region to region. Perhaps, if you are not in the position to splurge, you can certainly look for countries where luxury watches are sold for relatively low prices. Following is the list of 5 countries including the most cheapest country to buy luxury watches:

• Japan
• Hong Kong
• Singapore
• Dubai
• Malaysia

Japan

While Japan is known for its high-end technology, it is also a great place to buy luxury watches. The city is home to many famous watch brands, such as Seiko, Citizen, and Casio, among others.

These brands are known for their innovative designs and top-notch quality. However, you can also find luxury Swiss brands like Rolex, Omega, and Tag Heuer in Japan for relatively cheaper prices.

One reason why luxury watches are comparatively cheaper in Japan is the country’s low sales tax rate. The tax rate on sales is currently set at 10%.

Additionally, Japan is a duty-free zone, which means that you can buy luxury watches without paying import taxes. This makes buying luxury watches in Japan much cheaper compared to other countries, making the region the cheapest country to buy luxury watches.

Hong Kong

Next on the list of cheapest countries to buy luxury watches is Hong Kong. The city is another great place to buy luxury watches. It is a popular destination for tourists from all over the world, including those looking to buy luxury watches.

Hong Kong is home to many luxury watch retailers, such as The Hour Glass, Swiss Watch Gallery, and Cortina Watch, among others. These high-end retailers offer an extensive collection of luxury watch brands, which includes Rolex, Patek Philippe, and Audemars Piguet, and more.

The main reason why luxury watches are relatively cheap in Hong Kong is that the city is a duty-free zone. Moreover, the city has no sales tax rate which makes luxury watches much cheaper compared to other countries.

Singapore

Singapore is another great place to buy luxury watches. The city-state is known for its luxury shopping malls and high-end retailers. Singapore is home to many luxury watch retailers, such as The Hour Glass, Cortina Watch, and Sincere Fine Watches, among others.

These retailers offer a wide selection of luxury watch brands, including Swiss brands like Rolex, Patek Philippe, and Audemars Piguet.

Reasons why luxury watches are cheaper in Singapore is that the country has a very low sales tax rate, currently set at 7%. Additionally, the city is another duty-free zone, which means that you can buy a luxury watch without paying an import tax.

Dubai

Moving away from Asia, we enter the Middle East with Dubai being the most attractive destination to buy luxury watches in the region. Dubai is a popular destination for tourists from all over the world, and it is also a great place to buy luxury watches. Dubai is home to many luxury watch retailers and pre-owned dealers such as Ahmed Seddiqi & Sons, and WatchMaestro, among others. These watch dealers offer a wide selection of luxury timepieces, including all the leading Swiss watch brands.

The reason why Dubai is famous for luxury watches is that the city is a duty-free zone. Moreover, there is a very low sales tax rate, which is set at 5%. All these factors combined enable you the opportunity to buy high-end timepieces at great deals.

Malaysia

Last on the list of cheapest countries to buy luxury watches, we have the beautiful city of Malaysia. This is yet another incredible destination to buy luxury watches.

The country allows you the chance to buy premium watches from a large selection of Swiss brands. It is also home to well-known watch dealers, like Swiss Watch Gallery, Cortina Watch, and Sincere Fine Watches.

These retailers offer a wide selection of premium watches from some of the world’s leading watch brands.

Cheapest country to buy luxury watches: Asia and Middle East

As you can tell from the countries mentioned above, the majority of regions considered cheapest to buy luxury watches lie in Asia. However, emerging as a strong contender is the city of Dubai making it to the top 5 most reasonably priced places to invest in luxury watches.

Dubai continues to grow increasingly popular among watch enthusiasts and is predicted to be the number one destination in the world for luxury watches. Therefore, if you are looking to invest in a high-end timepiece, make sure to check out the watches available in any of the 5 countries mentioned above.