Panama is the most widely chosen jursidiction for yacht and boats than any other country in the world. The Panama Ship Registry offers flexible requirements and fees for those yachts registered under the flag.
A flat registration fee, regardless of size or tonnage of the yacht.
No surveys and technical certificates are required to be presented for a pleasure yacht.
The Registration Certificate is issued for a two-year period, which is renewable thereafter
The Provisional Registration may be obtained on the same day after the application. 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.
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.
Procedures and requirements
Proceedings are expedite and normally should be completed within the same day.
To registered the yacht and ownership provisionally (6 months) we need the following documents:
Notice of name proposed for a ship.
Complete application form which requests data in respect of general and technical description of the ship.
Payment of governmental fees.
Copy of Power of attorney duly notirized and legalized (draft will be provided by us).
Copy of the Bill of Sale and Acceptance of Sale duly signed by the vendor and purchaser notarized and duly legalized or if the yacht is newly built, then a Builder’s Certificate
Affidavit, stating the vessel is to be used for pleasure purposes only. If the vessel is to be used for commercial purposes Passenger Ships Safety Certificate, International Tonnages Certificate, ISM Code & ISPS are requiered.
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:
Original Bill of Sale and Acceptance of Sale signed by the vendor and purchaser and duly notarized and legalized, or if the yacht is newly built, then a Builder’s Certificate
Original Deletion Certificate issued by the previous registry (if applicable). If the vessel is new building and has not been registered before in any port, builders certificate must be provided. Both documents should be notarized and legalized.
Original Power of attorney notarized and legalized.
Fill out radio license appliaction form
Please note: you must also comply with the Radio Operator requirements, in order to register the yacht in Panama. For more information about a qualified radio authority please contact us.
* We can also assist in obtaining a Panamanian yacht license for captain and crew.
For more information please contact us.