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Registration of boats and yachts in Panama
In Panama our Group offers services for the registrations of both fishing and pleasure boats. The main advantages of registering your yacht or vessel under the Panamanian flag are:
- Low registration fees
- There is no minimum tonnage requirement
- Any person or company, irrespective of nationality, is eligible to register ships under the Panamanian flag
- Dual Registry
- The preliminary registrations in Panama are an official document to several banking institutions or insurance companies
- IACS societies and members may appraise boats under the Panamanian flag
- Tax-exempt profits on international freights
- Boats which are still under construction can be provisionally registered and supplied with a radio licence
- The registration of your boat can be under the name of a Panamanian company with a relevant tax relief on registration fees
- The real owner can be protected by privacy thanks to the nominee service
- Invoices for boats may be directly issued to your Panamanian company
Registration fees vary according to the tonnage, to the company type and structure you wish to set up.
FOR MORE INFORMATION
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