Panama Yacht Registration

Panama operates one of the largest shipping registries in the world. Its size, experience and open registration policy make it a practical flag for yacht owners of almost any nationality.

Jaffa & Co advises owners and buyers on Panama yacht registration, from structuring the ownership through to completing the registration and any mortgage.

Why owners choose the Panama flag

• One of the largest registries. Extensive, well-recognised and well-resourced.
• A neutral country. Stable and internationally respected.
• Open registration. Inclusive policies for owners of all nationalities.
• Port of registry. Panama.

Is the Panama flag right for your yacht?

Panama suits owners who want an established, open registry that will accept them regardless of nationality, with the administrative capacity that comes from a large merchant fleet. As with any flag, the choice should be tested against the rest of the plan: where the yacht will cruise, whether she will charter, and what her lenders and insurers expect. We look at all of these before recommending it, and compare it with the alternatives.

How we help

• Advising on the owning structure, often a single-purpose company
• Reviewing the yacht’s title history and technical documentation
• Managing deletion from the previous registry and registration in Panama
• Registering mortgages where the yacht is financed
• Advising on VAT, Temporary Admission and charter