Why Thailand is a Premier Destination for Yacht Buyers: A Deep Dive

As more people are drawn to Thailand’s charms and enigmatic delights, the virtues of buying a yacht and cruising the clear waters and fascinating coastline have become ever more apparent. Add to this governmental efforts to simplify and reduce administrative requirements and a plethora of professional surveyors and brokers, and you create the perfect location for potential yacht buyers. 

Thailand has a solid, well-established infrastructure and appeal that caters to travellers of all levels, from budget backpackers to older, more affluent individuals. However, the one area ripe for investment and expansion is attracting the next level of visitors from the ocean on luxury vessels.

BUYING A YACHT IN THAILAND

To attract yacht owners and buyers to the area, the Thai government is introducing more convenient, amenable regulations and enticements. The goal is to generate vast sums of local and national income as a hub for international visitors is established. Some of the changes to expect include:

• The simplification and easing of regulations for yachts and superyachts to dock in Thai waters.
• Extended stay permits and eligibility for tax incentives. 
• Foreign-flagged superyachts (+30m in length) can obtain business permits and serve tourists in Thai waters. 
• The development of existing marinas and the creation of new ones to serve more significant numbers of yachts. 
• Established deep-sea ports in the south of the country to facilitate tourism and serve water-borne visitors.

OWNERSHIP FEES AND ADMINISTRATIVE REQUIREMENTS

Foreign nationals with proof of a valid address in Thailand can now own and register their vessel under their name. Gone are the complex tax systems and administrative nightmares of the past, to be replaced by a standard 7% VAT on the total price of the vessel and nothing more. 

With moves towards building the requisite infrastructure and generous financial incentives, Thailand is primed to become one of the most convenient, affordable places to buy a luxury vessel and introduce an ever greater number of people to its exotic marvels.

YACHT BROKERS AND SERVICES

From experienced brokers and service providers to easily accessible spare parts, maintenance services, and assistance, Thailand is becoming a desirable proposition for those in the market to buy a yacht or superyacht. Reducing will-sapping red tape and additional financial enticements will surely turn more than a few heads and rocket yacht purchases and associated growth in the region. Allowing superyachts to operate as businesses is a huge step that will attract more affluent visitors to the area as luxury parties, weddings, and excursions are booked on board some of the most opulent vessels to be found anywhere. 

CONTACT US

With a sensational collection of new and pre-owned yachts to choose from, we hope you will spend some time browsing the Simpson Marine official site and revelling in the splendour of the hand-picked vessels we offer. If you would like to discuss the details of any of them or learn more about our services, please do not hesitate to get in touch. Our friendly, knowledgeable team will gladly give you all the information and guidance you require.