Maritime Services Offered By Panama Consulate

By Author: Keeleigh Colbert
Total Articles: 5
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The engineers consider Panama Canal as one among the wonders of the modern world. There was immense planning and hard work behind the construction of this. This structure connects the Atlantic Ocean to the Pacific Ocean thereby making it easier for the maritime traders.

The engineers consider Panama Canal as one among the wonders of the modern world. There was immense planning and hard work behind the construction of this. This structure connects the Atlantic Ocean to the Pacific Ocean thereby making it easier for the maritime traders. The Cape Horn route which was used for trading prior to the construction of this was lengthy and unsafe. Today, more and more ship owners are registering their ships under the Panamanian flag to enjoy the benefits. The Panama Consulate offers numerous advantages to those who wish to register their ships here. Any person or company, regardless of the nationality is eligible to register their ships here. As the Panama ship register allows registration under a Panamanian corporation, you can ensure the protection of your vessel and enjoy anonymous ownership is desired.

Ship registry ...
... is among the major services offered by the Panama Consulate. Tax exemption is a noticeable benefit that makes this place the best for registration of ships. Once you apply for the ship register service, you are eligible for tax breaks that the law offers within the Panama Maritime Legislation. Whether you own a ship, yacht, boat or sailboat, you are eligible for this privilege. There is no taxation for the international trade ventures which means that the income generated by your vessel in the international trade is non-taxable. These rules remain the same for every vessel owners regardless of their nationality. When compared to other jurisdictions across the world, the cost of registering a ship here is considerably low. It is often regarded as the most economical ship registration venture of the world. The tax savings and the low cost registration together would help you make a fortune of your life in the long run.

Panama is among the rare countries that permits dual registrations for the vessels. Any vessel registered under the Panamanian flag, but charter to a company in a different nation has the privilege of registering simultaneously in that country. The absence of the minimum tonnage requirements is another great feature offered by Panama vessel registry. What you move in your vessel is your decision. Even though there is no restriction on the age of the vessel, the ones above twenty years would be inspected by an authorized Panamanian inspector to achieve a valid patent. It is good to take a glance at the additional discounts prior to visiting Panama Consulate for vessel registration. Even if your ship is under construction, you have the privilege of applying for provisional registration and radio call letters.

The tonnage certificate obtained from a recognized company is considered valid if you wish to transfer your ship under the Panamanian flag. This would avoid the hassles of the re-inspection. Every personnel working aboard the vessel is required to have Seaman Book endorsement. You can approach the Panama Consulate for the same. As it would take approximately three months for you to achieve the original endorsement, you can use the temporal certification during the time frame. The consulate offers a wide range of maritime services.
Resource: http://www.consulpanama.com/shipregistry