| Importing a Motor Vehicle In Panama |
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 It is expensive. You will need to put your car in a container all by itself. You will not be able to pack around the car, only put items inside the car leaving enough room for one to safely park and back up the car. Containers are expensive, think in the thousands of dollars. Rare exotic cars are going to be a headache in Panama. Who is going to work on the car and what are you going to do for parts. |
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| You can not legally import the car unless you have clear title to the car. Being the registered owner is not enough. You must own the car outright and have a transferable title in your personal name. If the car or motorcycle is leased you can not import it. If the car or motorcycle is financed you can not import it. |
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| Customer and broker must process documentation and pay duties. Customs clearance process is lengthy and demurrage is likely. |
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| Documents Required For Importing A Vehicle |
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- Title
- Original Passport
- Bill of Sale
- Original Certificate of Ownership
- Pollution Certificate
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| Tax Implications of Importing Vehicle in Panama |
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| You will be taxed on your imported car. You would need to contact a customs broker for an exact quote. If you are a Pensionado you can get a car duty free every two years. |
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| High duty payable by customer at approximately 27%-30% of CIF value |
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