As you may be aware, no Australian residents are not allowed to setup companies or purchase certain types of assets. Corporations act 2001 requires that at least one of the director or company secretary need to be Australian resident to set up a company in AU. This is my thought: to set up a company with an Australian resident as company secretary and use that company to acquire assets (e.g. real estate) that foreigners would otherwise be barred from. To achieve maximum asset protection, the company then can be the trustee of a discretionary trust and acquire assets on behalf of the trust. Please let me know if the above is workable... thanks in advance for your replies.