Advantages of Flagging Ships in Panama
Some of the advantages offered by Panamanian registry include:
- Any persona or company, regardless of nationality or country of constitution, has the right to register vessels under the Panamanian flag,
- No minimum tonnage required,
- No re-inspection is required for vessels of ship owners who wish to transfer them to a Panamanian flag, as long as they carry valid safety and tonnage certificates issued by a recognized classification organization,
- Registering a vessel under the Panamanian flag is quick and simple.
When registering vessels in Panama, once the temporary ship registration is obtained, the Law grants six (6) months to fulfill the requirements and thus obtain permanent registration.
For further information, please do not hesitate to contact with us.