Administrative Company
The Kantons grant high tax preferences to Administrative companies. The profit (and the capital) is taxed to a reduced rate of taxation.
A condition is that the company does not exercise a (direct) business activity in Switzerland. A limited business activity to the extent of 20 % of the proceeds is however tolerated. The federation does not grant a profit tax easement to the administrative company.
On Kanton level the administrative company pays a tax between 0 and 15 % on the tidy Kanton income tax. The company can be led by Swiss and by foreigners.