Geneva is still attractive for multinationals companies to set up local HQs.
The Cantonal Statistics Office says 50 more companies started operating in the region between 2021 and the end of 2022.
Multinationals in the canton account for more than 108,000 full time jobs.
The sectors are trading, watchmaking, hotels and restaurants. Nearly half of all multinationals in Geneva are based in France or the United States.