What are the benefits of registering my boat in Panama?
Panama is a global leader in boat, ship, and vessel registration, with more than 8,200 vessels currently bearing the Panama flag. This is partly due to Law 57 of 2008, which simplified the procedure for registering commercial vessels. Panama offers asset protection laws, no minimum tonnage, and a straightforward transfer of registration that does not require a re-survey or safety inspection if the vessel has valid safety certificates. Vessels under construction can also apply for provisional registration in Panama. Registering your boat in Panama offers numerous advantages, and we will be happy to assist you with when purchasing a boat.