Panama Flag

As the world’s largest and most respected open-flag registries, with over 8,700 vessels, Panama offers unmatched versatility and global recognition. With its efficient registration process, ISO 9002 certification and competitive tax regime, the Panama flag is ideal because:

• Any individual or company—regardless of nationality or domicile—can register vessels of any tonnage or age. There are no minimum tonnage requirements.
• Highly competitive, flexible fees
  Registration costs are among the most economical globally. Discounts up to 50% are offered for large fleets, newbuilds, and high-performance vessels. Yachts benefit from a fixed bi-annual fee ($1,000–1,500) with no VAT.
• Dual-flag (bareboat) registration
  Panama permits simultaneous “bareboat-in/out” registration, enabling flexible use alongside another flag.
• Secure mortgage registration
  Registries support preliminary mortgages—including for vessels under construction—widely recognized by banks.
• Streamlined technical processes
  No re-survey required if valid IMO certificates are in place; provisional registration, radio call letters, and flagging for vessels under construction are issued in under 24 hours.

Taxation in Curaçao possible.