General Information
By eliminating property restrictions, Panama now holds one of the largest Marine Mercantile Fleets in the world.
Factors such as the lack of nationality requirements referring to the property of a vessel or yacht registered under a Panamanian Flag, the fact that the owner of the vessel may be a natural person or a corporation, Panamanian or foreigner, no weight or age requirements for the vessel and reasonable registry costs, have made of Panama one of the main open registry for vessels.
