The procedure for a yacht registration in Panama is straightforward and simple. Our Firm could obtain the Provisional Registration in approximately 2 business days. For the provisional registration it will be only necessary to provide information about the yacht and to pay the government taxes. Once the Provisional Registration is obtained, there is a term …
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Panama Open Registry Advantages Comments Off
Panama Flag of Convenience: The term flag of convenience describes the practice of registering a merchant ship in a sovereign country different from that of the ship’s owners. Ships are registered under flags of convenience to reduce operating costs or avoid the regulations of the owner’s country. The term open registry is used to describe …
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