A Panaman Corporation, in conjunction with a Panama Private Interest Foundation is a dual tool with which very wealthy and also only moderately wealthy people protect their assets and is one of the reasons why Panama´s banks hold total assets of over $55 billion.

The country´s unique laws allow the strongest asset protection in the world, together with strict bank secrecy and anonymous legal entity laws, Panama being one of the few countries allowing "beares shares".

The Private Interest Foundation law is modelled on similar laws in Switzerland, Liechenstein and Luxembourg. The foundation can be used as a holding company for a corporation which hold the assets.statistics show that poverty has fallen as a result of economic growth.

Most offshore tax haven banks around the world require knowing the true owner of an account. A foundation may open a bank account in Panama using nominee council members and keeping the true owners anonymous. The only exception is if a foundation is involved in terrorism or money laundering, in which cse a Panamanian judge can sign a court order requiring the bank to disclose records of the account.

Legacies and bequests can be handled within the foundation, avoiding probate, gift taxes, estate taxes, inheritance taxes or legal delays.