Currently my Hunter
42 sailboat is registered in Panama
. It was imported there in 2005 from Florida
where it was first registered and built. All the fees
and duties were paid at that time by the previous owner.
Every 3 years the registration
comes up and with attorney fees
(you need an attorney) it costs around $1500 to $2500 (all expenses including travel expenses to get there.
We have decided to not live in Panama
anymore so we are looking at registering the boat in Oregon
(no sales tax) where we currently reside (except when we are cruising). I believe the registration
will cost under $200.
I am an Oregon
resident with permanent residency and drivers license
It seems like a cut and dry answer, but maybe I am not seeing the whole picture.
I would like to re-title and register the boat in Oregon as a USA vessel.
Does this make good sense and does anyone have any insight or have done the process before taking a foreign registered vessel and registering it in the USA where it was first registered. It seems simple. Does Panama Maritime have to approve this?
Any comments or analysis of this would be very welcome. Thanks