Pleasure yacht registration
Panama is one of the most widely chosen jursidiction for yacht and boats registration. The Panama Ship Registry offers flexible requirements and fees for those yachts registered under the flag.
Principal advantage
A flat registration fee, regardless of size or tonnage of the yacht.
Aplicable registration tariff
$1,500.00 – if owned by a foreigner
$1,000.00 – if owned by a Panamanian (or a Panamanian corporation)
This tariff must also be paid upon renewal of the Registration.
COMMERCIAL YACHT REGISTRATION
Commercial yachts pay annual registration fees calculated based on a gross and net tonnage of the yacht.
Procedures and requirements
To registered the yacht and ownership provisionally (6 months) we need the following documents:
Complete application form which requests data in respect of general and technical description of the ship.
Affidavit, stating the vessel is to be used for pleasure purposes only.
- If the vessel is to be used for commercial purposes, it is longer than 24 mts and carry on board more than 12 passengers than a Passenger Ships Safety Certificate, International Tonnages Certificate, WRC and PAL insurance certificate shall be issued.
- For a commercial yacht with more tan 500 GRT, ISM and ISPS code is applying.
Afterwards, within a period of 6 months the following documents should be presented to the Panama Maritime Authority in order to complete registration on a permanent basis (2 years) and to obtain the ownership tittle:
* If required, in a cases where a Minimum Safety Maning Certificate (MSMC) has been issued to a ship we may assist you in obtaining a Panamanian crew endorsements.
For more information please contact us.