Looking for boat builder entrepreneur in Thailand

Discussion in 'Boatbuilding' started by kira126, Jun 18, 2024.

  1. kira126
    Joined: Jun 2024
    Posts: 2
    Likes: 0, Points: 1
    Location: Bangkok

    kira126 New Member

    Hi all,

    I'm designer (graphic, products, interior) and I got this crazy idea to potentially launch a boat building company in thailand.

    Thailand BOI offers tax incentives and many benefits as they want to develop this growing sector. Also, as it's a BOI approved business you can own a land at your name and no need to have any 51% thai partners.
    Cheap labor, cheap materials (Teak wood) and the proximity of China with low tax imported machinery makes it a perfect location. According to Thailand BOI 70% of boats are foreign imported which leaves an opportunity to sell locally made boats and rebalance this market.

    The vision I have is to create an modern luxury speed boat or sailing boat to fulfill the need of:
    • Russian and Chinese expats/tourists
    • Tour operator
    I would like to know if there are entrepreneurs out there interested in my idea and sharing financial risks. I'm living in Bangkok btw.
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