Panama Maritime Law
The importance of the maritime industry has now become a key factor in the world. Currently around 90% of world trade is transported through international shipping. Today large-scale transport of goods is possible thanks to this industry.
At Agroup we have international specialists to contribute to the global maritime industry, having Panama as our headquarters of operation due to its benefits to operate worldwide.
PANAMA MARITIME LAW
The importance of the maritime industry has now become a key factor in the world. Currently around 90% of world trade is transported through international shipping. Today large-scale transport of goods is possible thanks to this industry.
At Agroup we have international specialists to contribute to the global maritime industry, having Panama as our headquarters of operation due to its benefits to operate worldwide.
WHAT WE DO:
Panama ship registration
The registration of vessels under the Panamanian flag can be carried out by any person or company regardless of their nationality or origin. This registration process is simple and fast, taking only one day to complete.
Advantages of Ship Registration in Panama:
- After October 26 1988 flag fees were considerably reduced for pleasure boats and yachts establishing a registration fee of $1,500 for owners of foreign vessels and a reduced fee of $1,000 for companies or individuals registered in Panama. All income from international commercial activities is tax exempt.
- Registering a vessel in Panama is cheaper and unlike other countries, in Panama you can register a vessel up to 25 years old, which is very attractive to interested parties.
- The owner of a vessel has the possibility of a special registration for a period of three months, available at a reduced rate for vessels requiring provisional registration, delivery trips or other reasons.
- Panamanian corporations can be used to own vessels registered in Panama to protect their assets and have tax benefits.
- There are no minimum tonnage requirements to register a vessel under the Panama flag.
- Among others.
Our main services:
- Authorization for the Panama Canal authority
- Sale and purchase of vessels
- Negotiating contracts of carriage, multi-year charter parties, ship finance agreements
- Maritime litigation
- Ship construction contracts
- Ship arrest
- Charter – Dual Registration
- Technical certificates
- Collision cases, salvage matters and arbitrations
WHAT WE DO:
Panama ship registration
The registration of vessels under the Panamanian flag can be carried out by any person or company regardless of their nationality or origin. This registration process is simple and fast, taking only one day to complete.
Advantages of Ship Registration in Panama:
- After October 26 1988 flag fees were considerably reduced for pleasure boats and yachts establishing a registration fee of $1,500 for owners of foreign vessels and a reduced fee of $1,000 for companies or individuals registered in Panama. All income from international commercial activities is tax exempt.
- Registering a vessel in Panama is cheaper and unlike other countries, in Panama you can register a vessel up to 25 years old, which is very attractive to interested parties.
- The owner of a vessel has the possibility of a special registration for a period of three months, available at a reduced rate for vessels requiring provisional registration, delivery trips or other reasons.
- Panamanian corporations can be used to own vessels registered in Panama to protect their assets and have tax benefits.
- There are no minimum tonnage requirements to register a vessel under the Panama flag.
- Among others.
Our main services:
- Authorization for the Panama Canal authority
- Sale and purchase of vessels
- Negotiating contracts of carriage, multi-year charter parties, ship finance agreements
- Maritime litigation
- Ship construction contracts
- Ship arrest
- Charter – Dual Registration
- Technical certificates
- Collision cases, salvage matters and arbitrations
If you are interested in learning more about our maritime services, we will put you in contact with one of our specialists in Panama.
If you are interested in learning more about our maritime services, we will put you in contact with one of our specialists in Panama.