Offshore Ship and Yacht Registration Services
Panama's Ship
Registry is number-one worldwide. Due to the very low
registration taxes and fees as compared to other countries
throughout the world, ship registration under the Panama
flag is widely used by international shipping companies.
At the time of registering into the Panamanian Merchant
Marine, all vessels must pay a one-time enrolment fee,
based on a graded scale, plus a government fee. Registration
of the bill of sale is $0.20 per net registered ton
or fraction thereof, plus 20% surtax. Annual tax is
$0.10 per net ton, plus other charges.
Liberal labour laws concerning Panama flag vessels are
also an important consideration, and income earned on
international shipping activities are specifically and
expressly exempted from Panama income taxes.
Yacht Registration
It is possible to register recreational yachts in
Panama. This has a different pricing structure to the
ship registration described above. The registration
certificate is issued for a two-year period, which is
renewable thereafter.
Applicable Registration Tariff:
Documents required for Registration:
- Sale & Purchase Agreement - Bill of Sale
- or if the yacht is newly built, then a Builder's
Certificate
- Power of Attorney
- Deletion Certificate from previous registry (or
Builder's Certificate)
Please note: you must also comply with the Radio
Operator requirements, in order to register the yacht
in Panama.
If the yacht is more than 20 years old, then it will
also be required to undergo a survey and other safety
requirements.
Yacht-Based Offshore Residency Package
Presented
here is a whole new twist on finding absolute freedom
in a semi-free world - - including
living the absolute best of lifestyles in some of
the world's most exotic safe-havens - - getting
offshore residency - - getting a second citizenship
- - and doing it all free of big brother, tax free.
Revealing a proven method of exchanging your current
life of endless restrictions for a life of almost
unlimited freedom we can help provide you the following:
1) A luxury yacht at a discounted price 2) a Panamanian
offshore corporation 3) Panamanian residency 4)
a Panama address and phone number 5) a Panamanian
private offshore bank account 6) a Panamanian drivers
license 7) Panamanian registry and insurance for
your yacht 8) the ability to live anywhere in the
world on your yacht, tax free 9) your yacht delivered
in the Caribbean or the Pacific. This is a very
realistic option, and is easier then you think to
put in motion.
Our total all-in-one package:
- A luxury yacht at a discounted price
- Yacht registration In Panama
- A Panamanian offshore corporation as
yacht owner
- A Panama address & Phone number
- Panamanian Residency
- A Panamanian private offshore bank
account
- A Panamanian Passport
- A Panamanian drivers license
- Live Worldwide as a Panamanian resident
- Tax Free
Moving Offshore Just Got Easier
If you are the type of person who can’t
decide which beach, harbor or nation that you
like best, then having a luxury yacht is the option
to consider. Whether it is a beach in the Caribbean,
cruising the Mediterranean, the Pacific or the
South American coast, a luxury yacht puts you
there; and it puts you there in style. With a
luxury yacht, you live in a palace, you have every
imaginable luxury; but your front yard changes
with your whims - - whatever you whims. With today's
ubiquitous internet connectivity, yacht design,
and navigational software, this sort of lifestyle
is a reality; and when your yacht is purchased
and registered in Panama, you can actually “have
your cake and eat it too”.
Where you anchor is
where you live If you are a
person of means, (or at least have good
credit) and you want to retire, or reestablish
your life in style and grace offshore, there
is now a method of moving offshore with
a level of such amazing luxury, comfort
and flexibility that it sounds like a script
for a romantic movie; but it's a script
made up of facts and you probably can attain
it. Own a luxury yacht on the Caribbean
coast of Panama and qualify for citizenship
in your adopted country while you travel!
Yacht-Based Luxury and Freedom
Yacht ownership offshore is on a record rise,
from a historical point of view, ShowBoats International’s
2005 Global Order Book is nothing short of staggering.
Consider that this years increase is in itself
equal to the entire order book rating for the
year 1995. This equals to a 1.2 Billion dollar
increase in sales! And as is usually the case,
Italian luxury yachts lead the way with over 60%
of the word market and the top two luxury builders.
Panama now has major distributorships for the
famous ultra luxury yacht maker Ferretti Group
as well as others. But in Panama the prices are
much lower than in Europe or the USA. In the Ferretti
Group, they have the flagship Ferretti brand along
with the ultra sports fishing Bertram models which
are very popular for Panama’s renowned marlin
fishing. According to Showboat.com, “Ferretti
has the largest number of projects underway then
anyone in the world”. Panama has always
been known as the “Path Between the Seas”,
and it is only a few days trip to most destinations
in the Caribbean. You can take a day trip to the
walled city of Cartagena, Colombia or to Costa
Rica in only a day. If you get bored with the
Caribbean, then you can transport the Canal of
Panama and try the Pacific.
Get A Second Passport
But why limit yourself? Europe awaits, as does
South America. The Caribbean and Pacific Islands
are paradise yes, but the nightlife in Rio de
Janeiro, Bodrum, Monte Carlo, Singapore and a
host of other harbor cities are part of your front
yard. You can live where you want and schedule
your life to preferable weather and events of
interest.
Bodrum - Among the
most preferred Ports of Call in the
Mediterranean for the 'in
the know' Global Yacht Crowd
Two Yacht-Based Residency / Visa Options
While you are enjoying cruising around the Mediterranean,
the Pacific or the Caribbean, basking in the sun,
enjoying the nightlife in Monte Carlo, Rio, or
Bodrum, you are qualifying for your citizenship
in the best of all styles. Because your yacht
is a registered Panama IBC and your investment
is over $150,000, immediate residency is granted.
You must have 3 full time Panamanian employees
along with your company, which is easy to do with
the standard minimal wage at $253 a month for
crew members. This would be under the so called
inversionista (business
investor) programme. However, if you invested
$200,000 or more you could qualify under the solvencia
economia propia programme (person
of means visa) and not even have the requirement
of hiring at least three Panamanian crewman, since
it can be easily argued that you are buying a
home, albeit a moveable one. This latter probably
would require investing in a full time moorage
at a Panama port which would become your home
away from home. Full residency with a cedula is
granted after one full year of holding the provisional
residency card and after 5 years full citizenship
is granted! (Click
here for more details in our Panama residency
section on these two visa classifications).
For more details on some of the yacht models available
in Panama, click here.
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