Limited liability applies to legal entities domiciled outside the canton or abroad, therefore they are taxed in a limited way due to the determined economic relationships, even though companies registered in Switzerland are already subject to unlimited liabilities in the canton where their headquarters is situated, this limited liability applies in the following cases:

A) - For legal entities which headquarters, or effective administration is located in Switzerland:

• The legal entity will be subject to limited liability if the real estate assets are situated in the canton in question.
• The legal entity will be subject to limited liability if it's associated to a company established in the canton in question.
• The legal entity will be subject to limited liability if it exploits a stable establishment in the canton in question.

B)- For legal entities which headquarters, or effective administration is located abroad:

• If the foreign company owns a real estate asset and exploits it for rental purposes.
• If the company owns a receivable guaranteed by the pledge of a property in Switzerland.
• If the company operates in the real estate business in Switzerland or serves as an intermediate in the purchase and sell of real estates.