Panama Yacht Registration


Let us register your boat in Panama



Private owner
Panama Yacht Registration
$995 USD(Our Fee)
  • Valid world wide
  • All nationalities available
  • Register as private or company
  • No survey needed
  • MMSI radio license incl.
  • Registration for 2 years
  • Register in 24 hours
  • No VAT on the purchase of yacht
  • NO maritime restrictions
  • No survey needed (up to 20yrs old)

*not included: Government fee $1000 or $1500

*not included: Bill of Sale Registration $470

Panama Company Set-up
Panama Yacht Registration
$1250 USD(Our Fee)
  • Offers asset Protection
  • No Taxes
  • Offers Confidentiality
  • 1st year annual tax
  • 1st year registered agent
  • 1st year nominee directors (if needed)
  • Articles of incorp. in ENG/ES with apostille
  • Register of Meeting and share
  • General and Broad Power of Attorney
Corporate owner
Panama Yacht Registration
$2450 USD(Our Fee)
  • Valid world wide
  • All nationalities available
  • Register as private or company
  • No survey needed
  • MMSI radio license incl.
  • Registration for 2 years
  • Register in 24 hours
  • No VAT on the purchase of yacht
  • NO maritime restrictions
  • No survey needed (up to 20yrs old)

*not included: Government fee $1000 or $1500

*not included: Bill of Sale Registration $470

Register your yacht in Panama
Panama is one of the most popular jurisdictions for ship registration due to the ease of registration and low registration fees as compared with many other countries. Panama offers registrants a reputable, simple paperwork, low tax offshore jurisdiction, strategic geographical location, and robust regulatory protection. As a result of these advantages, major international shipping companies choose to register their ships in Panama, with over 8000 ships and vessels from around the world currently flying the Panamanian flag. The Panamanian laws and regulations governing the flagging and operation of ships are simple, yet complete.

What is the registration procedure in Panama?
Registration is simple and efficient. First, a provisional registration is applied for and issued for a period of six months. Once the provisional Registration is issued, the vessel’s title documents (bill of sale, construction certificate, if new, or naval mortgage) must be submitted by us at the Panama public registry. When this is done, a permanent registration is applied for and issued.

How long is the Panama boat registration valid?
The permanent registration is valid for four years for commercial vessels and two years for private vessels. It is renewable indefinitely for equal terms provided that the vessel is in compliance with the laws and regulations.

Do I need to have my vessel surveyed if registering in Panama?
One of the biggest advantages of registering your vessel in Panama is the fact that NO survey is needed for private yachts up to 20 years old. Most maritime jurisdictions need a recent survey, by one of the main maritime survey institutes and the cost for this can be thousands of dollars, while it takes a lot of time and effort.

Who can register their vessel in Panama?
Any person or entity regardless of nationality is eligible to register a vessel under the Panamese flag. That also means that vessel currently held under a UK LTD. or BVI LTD. can be registered under that LTD. in Panama. If you prefer, you can also register as private person and your nationality is not an issue. Lastly, if you prefer we can setup a Panama company with or without nominee directors to own your vessel. This will protect you against privacy and liability issues.

How much does it cost to register my boat in Panama?
The cost of registering in Panama consists of 3 fees:
  • Government Fees – This fee depends if you are registering as a Panamanian company or resident ($1000) or if you are a foreign company or foreign individual ($1500).
  • Bill of sale registration US $ 470.00
  • Our service fee for handling your registration US $1,250 (total fee for provisional & permanent yacht registration and radio license)
What are the renewal fees after 2 or 4 years?
  • Government fees USD $1,000 or 1,500 which ever applies – (see explanation above)
  • Our registered agent fee USD $ 350
What documents go you need to register my yacht in Panama for private use?
  • We need an simple note stating that the owner certifies that the yacht will be used for leisure and not commercial. (see our commercial registration section for details on that registration).
  • Bill of Sale, previous registration or construction certificate where it is evidenced you is the owner of the vessel
  • Power of attorney provided by us. (download here)
  • Deletion Certificate of boat (if applicable)
  • Simple note explaining your planned main cruising areas

We can set-up a Panama company for you
If you choose to setup a new Panama company for the ownership of your vessel, we can take care of this for you. All nationalities can setup a company in Panama and you do not need a Panamanian as a member of the board or as a shareholder. If you do not want to be listed as director in the company, we can provide nominee directors for you.

In order to setup a Panama company we only need a color copy of your passport, a utility bill or drivers license and a short description explaining what you will use the company for (like holding company for boat). It only takes up to 3 days to incorporate in Panama and the total cost of government fees and our fee is USD 1250,-.

What are the annual cost to renew my Panama company?
  • Annual Registered Agent – $250.00 USD
  • Annual Franchise Tax - $300.00 USD
  • Nominee directors – $300.00 USD ($100.00 USD each) (if this service has been chosen)

What is included in my Panama company setup?
  • First year government fee ($300.00)
  • First year registered agent fee
  • First year nominee directors (if you need this option)
  • Articles of incorporation (apostilled and in Spanish and English)
  • Good Standing Certificate
  • Certificate of Incorporation in Spanish and English with aposille
  • General / Broad Power of Attorney (Spanish and English with apostille)
  • Resignation of the subscribers of the articles of incorporation (blank dated)
  • Resignation of the nominee board of directors (blank dated)
  • Nominee trust agreement and appointment of nominee shareholder ( if services is requested)

What paperwork do we need to setup the company?
We will need a color copy of the passport of the beneficiary, a utility bill or drivers license and a short explanation on what will be the usage for the company

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