Setting Up A Yacht Charter Business In Thailand
When you are living in Thailand and have money to invest, you may consider doing something in the tourism industry, such as setting up a yacht charter business. Millions of tourists’ flock to Thailand yearly, and there are many activities you can offer when you have a private yacht that tourists can rent. Below is some advice to help you get started, set up a viable business in Thailand around the tourism industry, and earn a decent living while in the Land of Smiles.
Find Yourself A Suitable Yacht
You will need to look at the used yachts for sale in Thailand to find one suitable for your proposed business. You may also want to try looking in the surrounding countries for a yacht, but you will need to see if this will incur any import duty first. There are various factors you will need to consider when buying a vessel for your business, such as:
- Where you will berth your yacht
- Getting your yacht regularly serviced
- Repairs for the yacht when needed
- Crew for your yacht
Once you have found an ideal vessel for your business, you will need to start planning your business to ensure it is a success.
Register Your Company
You will need to register a company in Thailand, so you are working legally and ensure you have a work permit. Registering a company in Thailand can be a long-winded process, with lots of paperwork required before the process is complete. There are many hurdles you will need to overcome, but with some patience and a decent lawyer, you can register your business and start operating legally and start accepting charter bookings.
Marketing Your Business
You will need to do more than buy a yacht, hire some staff, and register a company in Thailand for your venture to be a success. You will want to build a website and market this to tourists and get yourself on websites like TripAdvisor to help generate customers. You will also want to approach the various booking agents where you will be basing your yacht and offer them a commission for any charters that they send your way. You will also need to do some digital marketing, including search engine optimisation, paid ads on the search engines, and use social media effectively to boost your business. With a bit of hard work and patience, you can build a successful yacht charter business in Thailand and work in a job you love.