This structure is created by means of a private document, with the sole formality being that the signature of the founder and administrator has to be authenticated by a Panamanian notary, thus guaranteeing its confidentiality.
It guarantees expressly the confidentiality of its execution.
The trust must clearly express its duration.
There should be a licit (lawful) objective in the trust, and it should be clearly stated when the contract is signed.
Both, the founder and administrator and/or the beneficiary, can be either a natural or an juridical person.