VesselFlag – Special Yatch Services

Panama Yacht Registration

Register your boat under the Panama Flag

While the Panama Canal is known for facilitating maritime trade by connecting the Atlantic and Pacific oceans, Panama also has an important maritime jurisdiction for ship registration. Currently, Panama has the largest fleet of registered ships compared to any other flag. There are more than 8,250 naval vessels registered under the Panamanian flag. Total registered tonnage is over 83 million tonnes, accounting for approximately 23% of total tonnage worldwide.

Why is boat registration in Panama so popular?

The Republic of Panama has been offering various facilities for the registration of ships engaged in maritime activities for 73 years. Registering your yacht in Panama is quite simple and a provisional registration can be issued in less than 24 hours. Any person or company may register a ship under the Panamanian flag, regardless of nationality or place of origin. For example, if your yacht is currently owned by a UK LTD or BVI LTD, you can register your yacht in Panama under that LTD. You can also register as a private person and it should be noted that your nationality will not be an obstacle. Finally, if you wish, you can establish a Panamanian company without a director candidate to own your ship.

One of the biggest advantages of registering a ship in Panama is that there is no survey requirement for private yachts up to 20 years old. Most maritime jurisdictions require a recent survey by one of the main maritime research institutes, and the cost of this can reach thousands of dollars, although it is a process that takes time and effort.

A Ship Flying a Panamanian Flag
Panama Canal Bird's Eye View
Panama Manzanillo Port

Why Panama Flag?


What is yacht flag registration?
Yacht flag registration is the process of registering a yacht under the yacht flag of a specific country. This determines the yacht's compliance with certain legal and regulatory requirements and the yacht owner's rights over the yacht.
Why is yacht flag registration important?
Yacht flag registration determines the legal status of the yacht and the rights of the owner over the yacht. It also demonstrates the yacht's compliance with international maritime rules while cruising and may offer certain tax advantages or regulations to the yacht owner.
In which countries can yacht flag registration be made?
Yacht flag registration is generally available in many countries, but popular options include Malta, England, Poland, San Marino, and Switzerland.
Under what flag should the half be recorded?
Which flag to choose depends on factors such as the yacht's owner's residence, the yacht's size, its intended use, and the owner's tax status. By contacting VesselFlag, we can help you find out the most suitable flag for you.
How much does yacht flag registration cost?
The cost of yacht flag registration varies depending on the selected flag country, the size of the yacht, its specifications and other factors. However, there are usually costs such as an annual registration fee and application processing fee.
How long does yacht flag registration take?
Yacht flag registration time varies depending on the country of flag chosen and the application process. In some cases it may take a few days, in other cases it may take several months.
What are the documents required for yacht flag registration?
Required documents may vary by country, but generally an identity document that meets the legal requirements of the country in which the yacht will be registered, such as technical documentation, the yacht owner's identity document and proof of payment are required.
What should be taken into consideration after yacht flag registration?
Once the yacht flag is registered, it is important to update it regularly in certain processes and operate it in accordance with the legal requirements of the country in which the yacht is registered. In addition, international maritime rules and the regulations of the country where the yacht is registered must be followed in the navigation and maintenance of the yacht.
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1Registration Type
3Yatch Details
Private Owner
✔ Worldwide availability
✔ All nationalities can register
✔ Register as private or company
✔ No survey needed
✔ MMSI radio license included
✔ 2 years registration
✔ Register within 24 hours
✔ No VAT on yacht purchases
✔ No sea restrictions
✔ No survey required (up to age 20)
Panama Company Formation
✔ Offers Asset Protection
✔ No tax
✔ Offers Privacy
✔ 1st year annual tax
✔ 1st year registered agent
✔ 1st year candidate directors (if necessary)
✔ Constituent articles with apostille in ENG / ES
✔ Meeting recording and sharing
✔ General and Broad Power of Attorney
Company owner
✔ Valid worldwide
✔ Available to all nationalities
✔ Register as private or company
✔ No survey needed
✔ MMSI radio license included
✔ 2 years registration
✔ Register within 24 hours
✔ No VAT on yacht purchases
✔ No sea restrictions
✔ No survey required (up to age 20)

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