Currently, there are around 400 Swiss companies headquartered in Singapore.
Boasting of a 28,000-strong workforce composed mostly of Singaporeans, Swiss companies in the city consider local talent to be their most valuable asset. Educated, multilingual, and with a good work ethic, Singaporeans are what keeps Swiss business booming in ASEAN. In fact, Singapore is Switzerland’s largest trading partner in the region, and Switzerland is amongst the top five investors in Singapore.
With bilateral relations going back almost 200 years with now over 400 Swiss companies making their home in the city, the ties between the two countries have been going strong. Dr Tom Ludescher, Chairman, Swiss Chamber of Commerce and Industry (SwissCham), said that the relationship between Singapore and Switzerland go beyond business— the two countries share important values, such as reliability, integrity, and, most importantly, honouring one’s word.
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