Panama has become the registration of merchant ships more powerful in the region by the advantages offered to other countries, speeding up the registration process and providing great flexibility in procedures to facilitate your registration to be enrolled in a flexible and delay.
Why use registration of Panama?
Reliable system-ship mortgages which have the backing of national and international banking.
The registration procedure is simple and flexible, allowing the registration of a ship within eight hours, provided it meets all requirements.
Any person, natural or legal person, regardless of their nationality and place of origin, is eligible to register ships under the Panamanian flag.
Operation in the offices of Panama 24 hours to respond to Asia and Europe despite the time difference.
Exemption from taxes on profits from the activity.
The owners and operators of vessels under Panamanian flag have access to systems under the Companies Act
There is no minimum tonnage requirements, however, ships with more than 20 years have to pass a special inspection by an authorized Panamanian inspector to obtain patent regulations.
Ship-owners who wish to transfer to Panamanian flag will not have to be re-inspected if the vessels have a safety certificate issued by a tonnage valid or recognized society organization, but at the time of registration a recognized entity shall issue new certificates on behalf of the Panamanian administration.