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PANAMA MARITIME AUTHORITY MERCHANT MARINE CIRCULAR MMC258PanCanal Building Albrook, Panama City Republic of Panama Tel: (507) 5015355 mmc amp.gob.paTo:Shipowners/Operators, Company Security Officers,.

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The cost of registering in Panama consists of 3 fees: Government Fees – This fee depends if you are registering as a Panamanian company or resident ($1000) or if you are a foreign company or foreign individual ($1500). Bill of sale registration US $ 470.00.

International law requires that every ship be registered in a country, called its flag state. A ship is subject to the law of its flag state. It is usual to say that the ship sails under the flag of the country of registration.

Cheaper foreign labour Panama operates what is known as an open registry. Its flag offers the advantages of easier registration (often online) and the ability to employ cheaper foreign labour. Furthermore the foreign owners pay no income taxes. About 8,600 ships fly the Panamanian flag.

Required documents Power granted to a Panamanian lawyer duly signed by the owner of the ship. Said document must be duly legalized or apostilled. Certificate of tonnage or tonnage issued by an authority recognized by Panama. Original certificate of sale (Bill of sale), Deed of Property Title.

Application for Panama COE Copy of Data pages of a valid National Passport. Passport size Photograph with clear White Background. Panama Medical. INDOS number (Indian National Database of Seafarers) Basic STCW & Advance courses, MFA/MC, GMDSS, ROC and ARPA, SSO etc. Copy of Valid Seaman book& stamp pages.

Panama offers crew officers exclusive navigational training which is authorized by the International Maritime Organization (OMI). It is less expensive to register a ship as a Panama vessel than with other countries. While most countries only register new ships, Panama can register a vessel as old as 25 years.

This is applicable to ship owners, boat owners, yacht owners or sailboat owners. The panama register of ships will also allow ships to operate international trade without taxation as its only territorial and will not tax the income of ships involved in international navigation or trade.

When a ship is built or acquired out of India and becomes the property of a person qualified to own an Indian ship, the owner or the Master of the ship will have to apply to the Indian Consular Officer at the nearest port for the issue of a provisional certificate of Indian registry and such officer, on production of ...

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232