The Merchant Navy Fleet of the Republic of Panama was created through the enactment of Law 8 of 1925 and since then it has been one of the most prominent open registries in the world. Panama has maintained its international status for the different benefits it offers to the global maritime community.
Under our legislation, any natural or legal person, regardless of their nationality, is eligible to register a vessel under the Panamanian flag. There are no minimum tonnage requirements. However, ships with more than twenty (20) years of construction must undergo inspection in order to obtain a permanent Navigation Patent.
DE OBALDIA & GARCIA DE PAREDES, offers its legal services in the maritime area such as the obtaining of Navigation Patents (Provisional and Definitive), Radio license, Purchase and Sale Contracts, Mortgages, name changes, disengagements, certifications, among others