Because of its location and slender shape, Panama enjoys a position as guardian of one of the most important marine trade routes in the world, connecting the Pacific and Atlantic oceans.
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 labor. In addition, foreign landlords do not pay income taxes.
Makarios Services Inc. has expert attorneys at law that would be glad to assist you and provide the necessary legal support related to the Panama ship registry.
Other services related to the ship registry:
Certificate of registry (Provisional & Permanent, Renewal, Change of Ownership)
Ship Radio Station License (Provisional, Permanent, Renewal)
Deletion, Authorization, Single Voyage, Exemptions, Extensions
Flag State inspections will be carried out regularly by inspectors appointed by the Administration in different ports worldwide this is done to ensure satisfactory standards are being maintained on board vessels flying their flag.
Makarios Services Inc represents a qualified marine surveyors experts to carry out the Annual Safety Inspections (ASI), which are a mandatory requirement for all vessels that sail under the Panamanian flag in international services, which are strategically located in different ports around the world.