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Old 26-08-2020, 16:50   #1
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Buying a boat in Panama / Bahamas / US

Hi guys,
What is the do's and don'ts of buying in the US, Panama, Bahamas, and bringing it back to OZ, disregarding the actual sailing.
Duties, Taxes, Red tape etc?
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Old 26-08-2020, 17:17   #2
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Re: Buying a boat in Panama / Bahamas / US

As long as the boat isn’t flagged in Panama, and has a valid Cruising Permit, I’ve never heard of a case where the Panamanians cared. If the seller doesn’t have a Cruising Permit, then you might have some hassle, but the seller should take care of that. If it’s flagged in Panama, you need to be aware that they have two different registrations: one ONLY for Panama waters (which is very cheap) and an international one which costs about $1500/year. You need to make sure that this is all paid up before you buy the boat.
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