Registration of Imported Ships for the First Time.
Application for registration: Through a public deed signed by the owner detailing the specifications and the characteristics of the boat, length, beam, strut, hull material, hull number if it had it, net weight, gross weight, brand, year of construction, series if indicated, name of the ship (which must be different from any other registered) and the activity it will be dedicated. Also, the engine's characteristics must be described: type, model, serial number, power, and fuel. Indicate the estimated contract value, including the engine's value. (Section 39 paragraph 2. a RORPPM)
Taxes to be paid:
a) Property tax payment for recreational class boats, sport fishing, and jet skis. The tax is paid based on the value of motor vehicles, ships, and aircraft in the local market, according to their characteristics, and by the minimum percentages and amount published by the Government. (Section 9 Law 7088 Regulation Property Tax Vehicles, Boats and Aircraft).