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 of 6 months to present all the original documents in order to obtain the Permanent Registration.
There is no minimum tonnage required for the registration of a yacht and there is a sole enrollment charge of US$1,500 for Yachts. If the yacht is owned by Panamanian natural person or a Panama IBC, the charge shall be of US$1,000.
Our fees for registering a vessel in Panama are US$1050.00 and include the registration of the provisional and permanent registration as well as the procedure expenses.
Please contact us for more information regarding a Panama Yacht Registration.