The Swiss Business Hub in Singapore is the Swiss government's "one-stop-shop" business solutions agency for small and medium-sized companies looking to expand in the ASEAN countries.

In Switzerland
Detailed information on annual trade fairs in Switzerland can be obtained from the online calendar at the OSEC Business Network Switzerland. Please refer to the webpages under 'Trade Fairs in Switzerland' on the right side of this page.

Please also check the following websites for further information: Association of Swiss Fairs (AFS)

Upon request, you may obtain a copy of the printed edition of the fair calendar Switzerland, Centre for Trade Fairs. Please order by E-mail by referring to the 'E-mail' link on the right side of this page.

In Singapore
For information about trade fairs and services in Singapore, please visit the webpages under 'Trade Fairs in Singapore' on the right side of this page. 

The Swiss authorities are aware that some companies/individuals use Switzerland as a base for dubious business practices. Switzerland has no wish to be regarded as a “loophole” or “hideout” for criminals or companies/individuals misleading the public. Switzerland is implementing measures to prevent, find and prosecute individuals and companies engaged in such unethical practices.

Types of scams

• Unfair practices arise most frequently in connection with trade in all types of directories, e.g. business directories, fax listings, trademark-and patent registers, mail order trading of pseudo products, sweepstakes, financial transactions and time-shares.
• Get-rich-quick schemes: Companies which claim to be located in Switzerland, promise the target groups a specific amount of profit. As a contribution toward its expenses, the company demands an amount in dollars.
  The following companies have already been reported to the competent Swiss authorities in charge of investigating fraud:

Directory Companies

• Nova Channel AG
• OVAG International AG
• Premium Recovery AG

Other Companies

• Fédération Internationale d’Attribution de Gains, F.I.A.G., Lausanne
  Arlimbows, Genève
• Department of International Settlements, Basel

The companies/individuals mentioned in the downloaded document are mistakenly claiming to be located in Switzerland.  Please refer to the link "types of scams" on the right side of this page.

Why Switzerland?

Switzerland enjoys a good reputation as an international business location. Many headquarters of international companies and organisations are based in Switzerland.

What are the Swiss authorities doing to counter these scams?

One of their tasks is to enforce the Swiss Fair Trading Act. In this context, the State Secretariat for Economic Affairs (seco) has taken legal action and launched criminal proceedings against several companies/individuals. These cases are currently pending in court.

For further information please visit the webpages under 'World Lottery Association' and 'State Secretariat for Economic Affairs' on the right side of this page.

To submit a complaint to the Federal Trade Commission (FTC) about a particular company or organization, please contact the Embassy.

Embassy of Switzerland
Trade Section
1 Swiss Club Link
Singapore 288162

Tel. +65 6468 5788
Fax +65 6466 8245 

Warning
It has come to the attention of the Embassy, that there is a very aggressive selling taking place in Malaysia to promote an investment fund scheme called

Swiss Cash
or
Swiss Mutual Fund 1948

Every serious Internet User is aware of the fact, that anything can be said, promised and advertised on the Internet completely uncontrolled. There is a tremendous amount of good and useful information, but unfortunately the Internet is also a breeding place of a lot of misleading sometimes even fraudulent information. It is therefore always wise to do some research.

The Swiss Mutual Fund (1948) and or Swiss Cash are not registered companies in Switzerland. Until proof of the contrary, the Embassy doubts that the remarks about these funds and their historic links to Switzerland as outlined on their original website are genuine. The original website is indeed registered in the USA and the contact telephone number is from New Jersey (USA).

It is obvious that this company uses the denomination "Swiss" in an illegal and fraudulent way to attract customers.

Moreover, the promotion of the fund seems to work via agents on a MLM system which appears to be close to a Pyramid scheme. Pyramid schemes are illegal in Switzerland.

The Embassy does therefore not recommend these funds as an investment opportunity.

Kindly contact the Embassy if you have any queries.

Embassy of Switzerland

Tel. +65 6468 5788
Fax.+65 6466 8245