"Own nothing, control everything." Does it work? Is it possible to have a juristic person that does not have an owner? A foundation is its own legal personality. It's owned by nobody. It owns itself. A foundation cannot make business but it can own an IBC which does business. Foundations vs. Trusts says "A foundation does not need to have any beneficiaries." "As there are no shareholders or ‘owners’ and there is no requirement to have beneficiaries," So no owners, no beneficiaries, no shareholders. Is it possible for an IBC owned by a foundation to get a bank account? Wouldn't the bank ask who is the UBO (ultimate beneficial owner) is? Is "there is none" an acceptable answer? Could such a structure be used to legally avoid CFC (controlled foreign company laws)? How to get money out of it? Well, a salary and paying income tax on it? At least company tax would be legally avoided. How to get a lot money out of it? Become tax resident in a zero tax country, and if one controls the structure, no one is going to ask any questions?