Panama Vessels
Registration | Yachts & Pleasure Vessels
The procedure for a pleasure ship registration is very simple.
The Provisional Registration may be obtained in 2 days after the
application. It will be necessary to provide complete
information about the vessel and to pay the government taxes.
Once the Provisional Registration is obtained, there is a term
of 6 months to present all the original documents in order to
obtain the Permanent Registration.
Provisional Registration:
For the Provisional Navigation and Radio License, we will
require the following information:
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Name of the vessel |
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Owner's name and address |
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Previous name of the vessel |
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Previous nationality |
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Place of built |
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Date of built |
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Builders |
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Number of decks, mats and funnel |
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Material of the hull |
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Length,
breadth and depth |
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Tonnage: gross and net |
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Type and number of engines |
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Type and number of cylinders |
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Brand and name of manufacturers |
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Speed of the vessel |
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Horse powers |
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Authority
in charge of the radio (if apply) |
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Information about the radio and equipment |
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Areas of navigation |
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Permanent Registration:
Documents required in order obtaining the Permanent
Registration:
Shall be presented in a term of 6 months after the issuance of
the provisional registration
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Proof of ownership. |
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Power of attorney on behalf our Firm for registering the
vessel (we will provide draft). |
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Deletion certificate / cancellation of previous
registry (not required for new vessels). |
Note:
The above documents shall be authenticated by a Panamanian
Consul or by Apostille.
Costs & Fees:
There
is no minimum tonnage required for the registration of a
yacht
vessel and there is a sole enrolment charge of US$1,500.00 for
Yachts.
If the yacht is owned by Panamanian natural person or Panama
company, the charge shall be of US$1,000.00.
Our fees for registering a vessel in Panama are US$950.00 and
include the registration of the provisional and permanent
registration as well as the procedure expenses.
Registration time frame:
Our Firm can obtain the provisional Patent Registration once all
the information is provided in approximately 2 business days.
Second year Payments:
Every two years the vessel shall pay to the Panama Government
US$1500.00 (or US$1,000.00 if owned by a Panama Corp.) and
US$150.00 to our Firm as Resident Agents of the Vessel in
Panama.
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