The capital of Panamanian province of Herrera is Chitré. It is located approximately seven kilometers inland from the Gulf of Panama, located on the Azuero Peninsula. Herrera borders with Cocle, Los Santos, Veraguas and on the east is the Pacific Ocean.
Shipping your vehicle to Panama is not going to be easy to do unless you have the right shipping service to help you. A1 Auto Transport Service knows the rules and regulations for importing a vehicle to Panama and can help you transport and import your vehicle with a successful experience.
The ports that you can ship out of are located in the southern portion of the United States and include Port Everglades, Miami, Galveston, and Houston. Panama has one port that all shipments will go to and that is Port Cristobal.
When you are preparing your vehicle for importing, there are several factors that will help to determine how much your total cost will be. You may have the door-to-port option or the port-to-port option. You may also need to choose how you want to ship your vehicle; by Roll On/ Roll Off or container shipping. The RORO shipping method is the most affordable way to ship your vehicle. With this method, your vehicle is driven onto the deck of the ship and then driven off the ship deck when it reaches the port.
If you choose the Roll On/ Roll Off method of shipping, it's important to know that your vehicle will be exposed to the weather during transport. You need to figure in the cost of additional insurance when you use this method of shipping. All taxes and tariffs must be paid prior to your arrival date. A1 Auto Transport Service will explain all expenses associated with shipping your vehicle.
Submit Documents, clear tax and tariffs.
To keep the hassle down to a minimum, you will want to hire A1 Auto Transport Company from the start. They can help you figure out which paperwork is most import to submit. It's important that you know the requirements up front to avoid delays. You must have the right paperwork with you to finish the application. These include:
- Proof of ownership.
- Purchase invoice.
- Insurance on the car.
- Lien-free registration and deed of the vehicle.
- Permits to reside/work in Panama.
Once you are in Panama, you will need to retrieve your vehicle from Panama Customs Authorities. You must be there when it is cleared to pick up your vehicle. You will need to have a Power of Attorney if you are not able to pick up your vehicle yourself. You will need to pay all fees before you can get your vehicle. Taxes for importing in Panama are high so be prepared for this cost.
There are specific provisions for seniors on retirement programs. They are allowed to freely import a vehicle every two years and this is covered under tax exemption. As per the taxes, vehicles worth below $8000 have to pay a tax of 15% while cars worth from $8000 to $20,000 are taxed at 18%. Vehicles priced from $20,000 to $25, 000 have to pay 23% and any vehicle over $25,000 is charged at 25%. For commercial vehicles, the tax varies from 10% to 12% apart from other taxes. All vehicles have to clear 7% VAT on import.
You can also find the federal regulations and requirements by viewing the U.S. Code of Federal Regulations.
With at least a seventy-two hour notice, you can fill out the application, provide proof of documents, and have your vehicle at the port in the United States for shipping. You can find out more by contacting the Embassy of Panama.
Written By:Joe Webster
Joe Webster began his journey in the auto transport field by attending the University of Southern California (USC), where he graduated with a Bachelor of Business Marketing.
After college, he started his career in the auto transport industry from the bottom up and has done virtually every job there is to do at A-1 Auto Transport, including but not limited to: Truck Driver, Dispatch, Sales, PR, Bookkeeping, Transport Planner, Transport Manager, International Transport Manager, Brokering, Customer Service, and Marketing. Working with his mentor Tony Taylor, Joe Webster has learned the ins and outs of this industry which is largely misunderstood.
With over 30 years experience in the industry, we've been helping people ship their vehicles, motorcycles, RV's, heavy equipment, household goods and more across the country or overseas without a hitch. Ask us anything.