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Registration of vessels(including pleasure yachts) consists in "provisional registration" and "permanent registration". Provisional registration is the first step, and provisional navigation patent and radio license are documents required for permanent registration must be furnished to the office of the attorneys at law "Vives & Associates".
The attorneys at law "Vives & Associates" will register the tilte of ownership of the vessel and apply for permanent navigation patent and radio license valid both for four(4) years, renewable for equal periods.
The registration fo a ship in Panama or Belize is simple.
1. Initiating Its Registration
It is initiated with its provisional registration. In order to provide you with the cost of registration of a ship. The applicant must fill in the cost estimate form, and click "send" botton in order to send it to the attorneys at law.
2. Provisional Registration
We can proceed its registration after getting your confirmation for our offer with its cost.
The provisional patent is valid for six months, and Radio License is for three months.
If the ship is registered during those periods, the ship will be granted reglamentary documents(Navigation patent and Radio license) valid for four years.
*Note: Pleasure yachts will be provided with reglamentary navigation patent and radio license valid for two(2) years. Every two years they will pay a sole tax consisting in US$ 1,500 and new reglamentary documents for an additional period of two years will be issued, and so on. If the yacht is woned by a "panamanian corporation or company", the tax payable every two years will be of US$ 1,000 instead of US$ 1,500. If the owner does not wish the yacht to be in his name but under the property of a company controlled orowned by him, we can also provide a company incorporated in Panama or in any other place of convenience, at a competitive price.
3. Permanent Registration
During the six months with the provisional navigation license. It reguires a permanent registration with all necessary documents(see the documents).