Pleasure Yacht Registration
Leisure vessels or yachts can be registered under the Panama flag. Once an application to the Panama Maritime Authority has been made , all pleasure yachts will obtain a patent of navigation valid for 2 years.
To apply for a pleasure yacht registration, the applicants shall submit the following documents:
- A power of attorney whereby a registered agent (Gerli & Company) for the vessel is appointed.
- A Deletion Certificate from previous registry or a Waiver of the previous registry.
- Proof in the form of a Bill of Sale that the applicant is the owner of the yacht.
- Letter from the owner of the vessel certifying that the vessel shall not be used for commercial purposes.