Panamanian law establishes an exoneration from any tax, charge or duty on acts of constitution, modification or extinction of the trust, as well as on the transfer or transmission of assets given in trust and the profit originated from said assets, whenever the trust affects assets located overseas; or if dealing with money deposited by natural or juridical persons whose revenue is not from a Panamanian source or taxable in Panama; or on shares of a corporation whose revenue is not from a Panamanian source, even when they are deposited in Panama.

The assets of the trust constitute a different patrimony that is separate from the personal assets of the trustee, and may not be sequestered or embargoed, if not for damages occasioned by the execution of the trust or else, when they have been transferred fraudulently and to the detriment of the rights of third parties.

The trust can be set up by means of a public or private instrument; however, when it is established over real estate, it shall be constituted necessarily by means of a public instrument.

The fiduciary entity never acquires absolute ownership over the assets received in trust; once the contract expires, it returns them to the constituent, according to whom he/she may state.