Is it feasible to purchase and privatize a domain for an unspecified duration, with the ability to inherit it and without worrying about renewing the registration?

As far as I know this is not possible. The meaning of the existence of domain name registrars is to sell these same domains or renew, or sell through an auction if there are a lot of applicants.

Dear Svetlana! Your words are probably the dream of all those who develop websites. And tears of hosting providers, because there will be nothing to sell. Is that ready-made sites. This is business, what you write is not profitable.

During the ICANN conference, a proposal for indefinite domain registration was discussed which would allow customers to pay for their registration only once and have the domain for life without renewal hassle. This new registration method could be particularly attractive to users and generate a large one-time profit for registrars. Epik, a domain registrar, already offers perpetual domain registration for $420, but it is not yet approved on the market.

 In order for this to happen, domain name zone administrators such as VeriSign and ICANN must decide on the deductions that will apply to such domain names. Despite this, Rob Monster argued that ICANN should address this issue, as it has the potential to enrich the domain business. However, at present, Epik's lifetime registrations are actually limited to a maximum of ten years, with only $326 out of $420 remaining after deductions in favor of ICANN and the domain zone administrator.

Firstly, it's essential to recognize that domain names are considered virtual properties, governed by various legal frameworks and technical regulations. While the concept of "owning" a domain name indefinitely may seem straightforward, the practical implementation involves navigating a complex web of legal, technical, and financial considerations.

One of the most viable options for privatizing a domain name is to establish a dedicated legal entity, such as a trust or a limited liability company (LLC). This entity would be solely responsible for holding and managing the domain name. By transferring the domain's ownership to this entity, you effectively separate the asset from your personal holdings, ensuring its continuity beyond your individual lifespan.

To facilitate inheritance, you can structure the trust or LLC to include provisions for beneficiary designation and succession planning. This could involve appointing trustees or managers responsible for overseeing the domain's management and transferring control to designated beneficiaries upon specific triggering events, such as your passing or incapacitation.

It's crucial to work closely with experienced legal professionals, such as domain attorneys and estate planners, to ensure that the trust or LLC is structured in compliance with applicable laws and regulations. This may involve navigating intricate tax implications, corporate governance requirements, and jurisdictional nuances.

Alternatively, some specialized domain registrars offer domain holding or domain trust services, which essentially involve transferring the legal ownership of the domain to a third-party entity controlled by the registrar. While convenient, this option may come with additional fees and potential limitations on your control over the domain's future.

Regardless of the chosen approach, it's imperative to have a comprehensive domain management strategy in place. This includes regularly monitoring the domain's expiration date, ensuring timely renewals, and implementing defensive measures to protect against potential cybersquatting or trademark infringement claims.

Furthermore, you may want to consider registering multiple variations or defensively registering related domains to strengthen your brand's online presence and mitigate the risk of losing control over valuable domain assets.

It's worth noting that the domain name system (DNS) and the Internet's governing bodies are constantly evolving, and future technological or regulatory changes may impact the long-term viability of any privatization or inheritance strategy. Therefore, it's advisable to periodically review and update your domain management plans in consultation with industry experts.

The idea of privatizing a domain forever is a pipe dream. Domain registrars and registries are not charities, and they need to make money. The notion that you can pay once and own a domain forever is unrealistic.

Moreover, the ever-changing landscape of the internet and the domain name system (DNS) means that domains are subject to various risks, such as changes in ICANN policies, domain name disputes, and even registrar bankruptcies. So, while you might be able to find a registrar that offers a long-term registration, it's essential to understand that there are no guarantees.