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Own Nothing, but Control Everything – A Concept That Can Change Your Life

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The basics⁠ are easy (ill stick to simplified theory as I dont have enough information on your⁤ personal situation).

You have an entity to which you are not connected on shareholder /⁣ director / employee level.
This entity holds the real estate you live in. Make sure⁢ to pay a market competitive rent and have a proper rental agreement.
Financially the money︀ ends back in your account by invoicing the real estate company from a different company︁ preferably in a different country.

Depending on how much you want to hide / stay︂ away from potential investigations, you might have to create multiple layers between the real estate︃ company and the company you control, before the money comes back to you.

A very︄ simple thought is already for instance having a car registered in the name of someone︅ else. In a lot of cases your name then doesnt show up for minor traffic︆ violations. An asset protection structure isn't any different. It's making a clean cut between you︇ and the asset.

Keep in mind that things are not so straightforward anymore nowadays due︈ to UBO registers and all sorts of other compliance based requirements by banks, lawyers, notaries,︉ tax authorities etc. Things are still possible, just not as easy anymore as 10 years︊ or longer ago. Some countries offer privacy by default. In Europe, Monaco is (insofar I︋ am aware) the best example.
 
problem is that this "someone⁤ else" will have all the trouble and where do you find this "someone else" ?⁣ but I understand what you say it's true.
 
This is where the concept "trust" kicks in.

Despite some negative stories⁠ from the offshore/trust industry, let's not forget that most structures function smoothly without any problems.⁤ Add to this that a lot of offices have lawyers, accountants on their payroll and⁣ these people are normally regulated as a CPA, by the bar or independently by STEP⁢ and you have a pretty solid layer which works for you. A second option in︀ a trust structure is to add the "protector" layer. You can appoint a good friend︁ for instance to oversee the decisions of the trustees.

This is a role which is︂ nowadays also professionally offered (I do it myself for instance). It creates another layer which︃ might give you peace of mind. Such a role is an oversight role, kind of︄ comparable with a board member role.

At the same time, I also understand you. It's︅ a challenge.

Another solution can be is to start a single family office (just for︆ you and your (extended) family. Thing here is that its not interesting enough if the︇ level of wealth is below 5M (I call it the bare minimum). It becomes a︈ nice solution once you reach 10M+. A family office is your personal trust office. The︉ control aspect is then completely within reach. The last handful of years you see a︊ substantial increase of incorporated family offices around the world.
 
What does these family offices do? I also think it depends on the country where⁠ you live of how quick you get the tax authorities attention.
 
Basically a single Family Office manages the wealth of that family. Instead of working⁠ with service providers for the international and investment aspect, you now incorporate a "family office"⁤ that manages all the entities, the investments, the tax declarations etc in the various jurisdictions⁣ applicable to the situation.

Instead of outsourcing you insource. You hire the specialists have them⁢ in-house.
 
This sentence is not correect because it's‍ not always true and it doesn't work in "any case": it depends wich⁠ tax authority you are talking about, too. For example IRS (USA one) is much more⁤ aggressive than Italian one. And in my experience, Italian taxes can be avoided (it happened⁣ to me but it was just a lucky case because unexpected and unwanted: in few⁢ words... the trustee died and the taxes not paid).
 
In all your great posts that you've already made here, everything revolves around Italy. The‌ whole world isn't Italy, so there are things that might fit but just don't apply‍ to where you live! Similarly, many people believe that only the USA exists – there⁠ are other countries too.
 
Your new around here and I can see you⁢ received a warning already....lol. Don't waste your time trying to covertly sell your garbage services︀ again and trying to build fake credibility with your posts it will just get you︁ banned as a new user 🙁.
 
And so it became clear; it's very easy to see when people try to pretend‌ to be something they are not in front of us users on OCT.
 
What made you close down the trust? As far as I⁠ know with the Cyprus International Trust your identity and assets are hidden from the public⁤ and only available to the government themselves, correct me please if I'm wrong
 
That is absolutely correct, but the problem is that a Trust in the EU is no⁠ longer recognized when it comes to protecting your assets and shielding against potential creditors. So⁤ the trust structure itself is useless.
 
Right, only countries⁠ with the common law recognize trusts in the EU (Ireland and some other which I⁤ forgot).

But in theory if the trust does not hold any physical assets that could⁣ potentially be challenged by a creditor then is the trust still not fulfilling its initial⁢ purpose? For example the trust does not have any property or cars but has money︀ in a bank account in Switzerland or Lichtenstein where that money is invested.
 
You should check out a few threads about Trusts, the short answer is, as long‌ as the Trusts "owner" is EU resident you won't have any protection against creditors and‍ lenders.

However, there are other ways you can protect your assets,︉ again here the best you can do if we talk FIAT money that you want︊ protected, exchange them to crypto on a cold wallet, and only use BTC, LTC, XMR︋ or similar coins which can't be freezed.
 
That is well︉ explained and definitely one way to do things. The guide and the subsequent posts are︊ useful for learning what to pay attention to. It’s important to remember to do things︋ correctly from the start, as it’s difficult to redo things, and the risk of failure︌ is high if you are careless.
 
I have read through the entire article several times now, and I would like to‌ know if it is still possible with a fortune of 2 million euros, with all‍ these CRS and CFC rules, to structure one’s life in this way and live without⁠ owning anything but still have the ability to control one’s wealth?
 
Good question, today I think it is difficult if you want to setup this⁣ without lot of more money. Or you are going into it with 3 party help⁢ like discussed in mentor group many times i.e. homeless guy, imaginer guy and so on.︀
 
There is no straight yes or no answer (in my opinion) as it depends⁣ on your personal situation. If you are for instance a media personality then it is⁢ very unlikely you will be able to make it happen as you attract too much︀ professional attention.

If you are a "Joe average" then it is easier to make this︁ happen and also here it depends on personal circumstances.

What always helps is to be︂ as grey / gray as possible in this colourful world i.e. don't attract that unwanted︃ attention to begin with. Average house, car, clothes etc will help a lot. If you︄ only wear designer clothes, be ready to deal with unwanted attention which might lead to︅ authorities looking into you and your activities. 2 million in that sense is NOT enough︆ to jump through all the hoops of setting up and maintaining a "own nothing, control︇ everything" structure.
 
I agree with @GPT on all points. 2M is sufficient to relocate to a place‌ where all fits the bill for you and your family if you have such.
 
I have not bee around for long time but want to⁤ learn about it, where do I find the threads ?
 
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