See our most common questions related to the Panama boat registration.
STEP 1 – WE SET-UP A DELAWARE LLC (LIMITED LIABILITY COMPANY) FOR YOU
A non-US citizen may own a Delaware LLC which in turn can own a vessel registered in Delaware. We setup this LLC for you but it is 100% owned by you. You then make a bill of sale selling your boat to your own new Delaware LLC. The Bill of sale has to be notarized which is easy since you are both the seller (person) as well as the buyer (your company) This LLC is used solely for the ownership of your boat and will therefor not need to pay any taxes. The setup of the LLC will only take about 24 hours. You can use our sample Bill of Sale or use your own.
STEP 2 - WE REGISTER YOUR VESSEL UNDER DELAWARE FLAG
Once your LLC is formed and you have notarized the Bill of Sale we will apply for your Delaware yacht registration. This will take about 5 days for the express service or 2/3 weeks for regular service. Once you received your registration your vessel can fly the US flag in any international waters around the world.
The documents required to register your boat vary depending on if the vessel was new or used when you bought it.
FIRST TIME DELAWARE REGISTRATION OF USED BOAT FOR PRIVATE OWNER
FIRST TIME DELAWARE REGISTRATION OF USED BOAT FOR LLC – (IS COMPANY OWNERSHIP)
ALREADY REGISTRED IN DELAWARE
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