Private Interest Foundations are a simple, safe, and confidential way to manage and dispose of specific assets, maintaining them completely separate from the estate of the foundation's establisher, with the following specific advantages.

1.  A foundation is completely free from the payment of taxes, fees, or duties to the Republic of Panama with the exception of the payment of an annual fee of US$300.  Foundations do not pay income taxes, and are exempted from taxes on all of their estate including immovable assets, assets inherited, or transferred.  Also exempt from taxation are property titles, time security deposits, bonds, monies, or shares undertaken in order to fulfill the purpose and objectives of the foundation or by the dissolution of the foundation, in favor of first-degree blood relatives or the spouse of the foundation's establisher.

2.  The foundation's assets do not correspond to debts or obligations of the establisher of the foundation or its beneficiaries; and consequently may not be seized to pay such obligations unless those assets were transferred to the foundation in order to defraud creditors; even in such cases the statue of limitations is three years. 

3.  The foundation establisher may dispose of the assets of the foundation revocably, or irrevocably, as s/he sees fit and is not subject to testamentary limitations of any kind.

4.  There is no legal requirement to reveal the names of a foundation's establishers or its beneficiaries.

5.  There is no obligation to report annual income or financial status.

6.  There is no maximum permitted assets limit.

7.  The founder may increase the assets held by the foundation when s/he chooses.  The foundations assets may be located or invested in any country worldwide.

8.  The foundation may conduct private/civil or commercial transactions (on a non-regular basis) in any country or currency.

9.  The document establishing the foundation may be signed by the client, or by the client's legal agent or fiduciary.

10.  Private interest foundations constituted according to Panamanian Law and its assets, are entitled to be transferred to another jurisdiction as specified by its rules established in its foundation.

11.  Regulations regarding the disposition of property that may be enforceable in the legal jurisdiction of the residence of the establisher will not impede disposition of a Panamanian foundation's property according to the wishes of the founder.

12.  Foundations formed in accordance with the laws of other countries may be registered in Panama and continue its legal existence as private interest foundations in the Republic of Panama.

13.  Rapid establishment and constitution of foundations.

14.  Reasonable formation and maintenance fees.