	Beth Anne Gray J., LL.B. (Hons.) & Victoria Tejada LL.B. P.O. Box 832-0816 - World Trade Centre - Panama City - Republic of Panama International Legal Services

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Pleasure Yachts - Registration in Panama

It is possible to register Pleasure Yachts in Panama. This has a different pricing structure from Ship Registration.

The Registration Certificate is issued for a two-year period, which is renewable thereafter.

Applicable 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.

Documents required for Registration:

	Sale & Purchase Agreement (Bill of Sale) or if the yacht is newly built, then a Builder's Certificate
	Power of Attorney (to Gray & Co.)
	Deletion Certificate from previous registry (or Builder's Certificate)

Please note: you must also comply with the Radio Operator requirements, in order to register the yacht in Panama. See Inter-Mar Radio, Inc. for a qualified radio authority.

If the yacht is more than 20 years old, then it will also be required to undergo a survey and other safety requirements.

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Last modified 26-Sep-2007 17:37 -0400

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Last modified 26-Sep-2007 17:37 -0400