Any individual or corporation, no matter their nationality and place of origin, is eligible to register vessels under Panamanian flag.
Issuing provisional navigational patents and radio license within a day, as long as all requirements are met Reliable naval mortgage system fully backed up by the national and international banking system. ADVANTAGES AND INCENTIVES A provisional registry is allowed to vessels under construction.
No nationality restrictions for ship owners and seafarers except North Korea
Confidentiality regarding registry of ownership title and mortgages.
Preliminary registration can be made at any of the 65 Panamanian merchant marine consulates aboard or at the Directorate General of Merchant Marine in Panama Registration applies over all types of ships : cargo, passenger, pleasure, dredges, barges, platforms (modus) or any other types. Bareboat Charter Registration.
Exemption of taxes attained over profits deriving from the international maritime trade.
Discounts over ships of new construction are rendered to Law 25 : **Currently, additional discounts on registration fees and annual consular fees for all newly built vessels and for all other vessels with more than 10,000 GT and less than 15 years will enjoy discounts up to 100% to be registered under Panama flag until 31 December 2017
Additionally, for other services concerning about Merchant Marine please contact us as follows.