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Tax reduction in Panama

Tax reduction in Panama
?adan Kaptano?lu is addressed as the Honorary Councilor of the Republic of Panama.

?adan Kaptano?lu is addressed as the Honorary Councilor of the Republic of Panama.

At Europort 2009, which is being held in Istanbul, Turkey, Panama Consulate Antonio Fotis Taquis said: " The registration process is friendly fully backed by the public registry office which provides security to ship owners. We have a reliable naval mortgage system supported by national and international banking system. The registration process is simple. Over 60 councilor offices in the worldwide assist the users. Since last year, we provide 24 hours technical service. Quality management systems are linked to different activities. We have taken measures to remove Panama from the Paris MOU Blacklist. Panama has new marine merchant law enforcement effective from February, 2009. The newbuildings according to tonnage will get a tax discount between 30% and 50%. For the vessels without a port state control detention a %15 tax discount will be available, also loyalty discounts will be available. Within the past years we have seen progress in Turkey's shipping industry and we admire that not only as shipowners but also with a number of companies with shipyards. We have recently had our honorary council of the Republic of Panama in Istanbul, Mrs. ?adan Kaptano?lu, a very known person in shipping community and we are happy to have her as a councilor of Panama".

The new Honorary Councilor of Panama, Mrs. ?adan Kaptano?lu said that it was a great honor for her to be addressed as the Honorary Councilor to help develop relationships between Turkey and Panama and went on her speech saying:" Hopefully we will develop a further and better relationship with Panama not only in shipping but also in diplomacy and economy and I think Panama doesn"t deserve to be in a black list."


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