Farangdanny Posted May 4, 2015 Share Posted May 4, 2015 Does anyone have any idea how to raise funds from investors to build large tourist attraction in Chiang Mai ? Link to comment Share on other sites More sharing options...
uptheos Posted May 4, 2015 Share Posted May 4, 2015 (edited) Disneyland? You never know, they might be interested. Edited May 4, 2015 by uptheos Link to comment Share on other sites More sharing options...
TheAppletons Posted May 4, 2015 Share Posted May 4, 2015 Sell lottery tickets for 50% more than their actual retail price. Link to comment Share on other sites More sharing options...
Seligne2 Posted May 4, 2015 Share Posted May 4, 2015 Step 1: Write a compelling business plan. Link to comment Share on other sites More sharing options...
scottiejohn Posted May 4, 2015 Share Posted May 4, 2015 get a loSell lottery tickets for 50% more than their actual retail price. Has not 'The General' put another general in charge of that little department to make sure you cannot do that any more? Link to comment Share on other sites More sharing options...
roger1999 Posted May 4, 2015 Share Posted May 4, 2015 Yes, you need a business plan first. No one will take you seriously if you can't manage that first step. Link to comment Share on other sites More sharing options...
bangmai Posted May 4, 2015 Share Posted May 4, 2015 talk to the boiler room people; not hard to find. Link to comment Share on other sites More sharing options...
Farangdanny Posted May 4, 2015 Author Share Posted May 4, 2015 Yes, you need a business plan first. No one will take you seriously if you can't manage that first step. I have the business plan, just need to find out how to raise the money. Banks don't want to know a foreigner ! Link to comment Share on other sites More sharing options...
Farangdanny Posted May 4, 2015 Author Share Posted May 4, 2015 <script type='text/javascript'>window.mod_pagespeed_start = Number(new Date());</script> talk to the boiler room people; not hard to find. Who are they ? Link to comment Share on other sites More sharing options...
roger1999 Posted May 4, 2015 Share Posted May 4, 2015 You need to show your business plan to wealthy individuals who have the extra cash to invest. If you don't know any people like this, it's not going to be easy to get anyone to listen to your story. If your idea is compelling enough, who knows? You will need a very slick presentation. There are also a lot of crowdfunding websites, but crowdfunding a tourist attraction in CM won't be an easy sell, but raising cash never is easy. A bank is never going to invest in a CM tourist attraction. Banks are accountable to shareholders and they need guaranteed returns. Just my opinion and I hope others pipe in with better ideas. Link to comment Share on other sites More sharing options...
worgeordie Posted May 4, 2015 Share Posted May 4, 2015 Yes, you need a business plan first. No one will take you seriously if you can't manage that first step. I have the business plan, just need to find out how to raise the money. Banks don't want to know a foreigner ! How much of your own money will you be investing in this great idea ? regards Worgeordie Link to comment Share on other sites More sharing options...
uptheos Posted May 4, 2015 Share Posted May 4, 2015 I'm trying to think what "large tourist attraction" Chiang Mai actually needs? Any ideas? Link to comment Share on other sites More sharing options...
NancyL Posted May 4, 2015 Share Posted May 4, 2015 Well, four years ago who would have thought that Chiang Mai needed 'Art in Paradise', yet it's packing 'em in. Link to comment Share on other sites More sharing options...
scd Posted May 4, 2015 Share Posted May 4, 2015 With the greatest respect, if you need to ask this question to begin with then you are in the wrong game. Not raining on your parade, just saying. If you really want to go forward with this idea, you will need to front a large amount of money and start going through high level intermediaries, You would also have to be very wary of the local trait of having your idea completely taken over or stolen from you, with you having no recourse of action. Good luck. Link to comment Share on other sites More sharing options...
Beetlejuice Posted May 4, 2015 Share Posted May 4, 2015 Yes, you need a business plan first. No one will take you seriously if you can't manage that first step. I have the business plan, just need to find out how to raise the money. Banks don't want to know a foreigner ! You may have a business plan, but without having the backing and support of one or more prominent people or companies that will show interest in your plan, plus the support and co-operation of the right authorities to permit the go ahead, and any banks, persons, financial institutions or companies that find your plan credible enough to lend you money on it, than to be quite frank, your business plan is not worth the paper it`s printed on. In Thailand it`s not what you know, but who you know and if you do not have the right contacts to help push your plan forward, than you may as well forget it. Link to comment Share on other sites More sharing options...
jdinasia Posted May 4, 2015 Share Posted May 4, 2015 With the greatest respect, if you need to ask this question to begin with then you are in the wrong game. Not raining on your parade, just saying. If you really want to go forward with this idea, you will need to front a large amount of money and start going through high level intermediaries, You would also have to be very wary of the local trait of having your idea completely taken over or stolen from you, with you having no recourse of action. Good luck. It's not just a local trait. In the case of the OP, this simply isn't doable. If you have to ask on an Internet forum it means that you will be shopping your idea around too much. Someone is sure to talk to someone else and it, make a few changes, and set it up themselves. BTW local bank's will death with foreigners it (and only if) they have significant collateral and a history of success in Thailand. Link to comment Share on other sites More sharing options...
worgeordie Posted May 5, 2015 Share Posted May 5, 2015 I'm trying to think what "large tourist attraction" Chiang Mai actually needs? Any ideas? It must be another Mall,just what Chiang Mai needs ! regards Worgeordie Link to comment Share on other sites More sharing options...
Beng Posted May 5, 2015 Share Posted May 5, 2015 I'm trying to think what "large tourist attraction" Chiang Mai actually needs? Any ideas? A ski slope ? Link to comment Share on other sites More sharing options...
mascarabertha Posted May 5, 2015 Share Posted May 5, 2015 water park Link to comment Share on other sites More sharing options...
Farangdanny Posted May 5, 2015 Author Share Posted May 5, 2015 Yes, you need a business plan first. No one will take you seriously if you can't manage that first step. I have the business plan, just need to find out how to raise the money. Banks don't want to know a foreigner ! How much of your own money will you be investing in this great idea ? regards Worgeordie I have around 12 million available Link to comment Share on other sites More sharing options...
scottiejohn Posted May 5, 2015 Share Posted May 5, 2015 Yes, you need a business plan first. No one will take you seriously if you can't manage that first step. I have the business plan, just need to find out how to raise the money. Banks don't want to know a foreigner ! How much of your own money will you be investing in this great idea ? regards Worgeordie I have around 12 million available A Few points come to mind! You 'have around 12 million available'! 12 Million what? Baht/US Dollar/UK Pound/Euro etc? If US Dollar/UK Pound etc. have you looked at BOFI (if they are still around)? What return(s) are you looking to make? You want to invest in Thailand and do not know who/what a boiler scam is! You have a Business Plan (BP). Was it drawn up in Thailand or 'Dreamland'? If the BP was not produced in Thailand by a Thai consultant (with outside expert help in your specialist/attraction field) I can see no way forward. Hope this helps Link to comment Share on other sites More sharing options...
eyecatcher Posted May 5, 2015 Share Posted May 5, 2015 Keep the 12 million and enjoy the next 10yrs here without worry or stress. Waving that amount about without investment knowledge is pretty naive. I too am looking for an investment partner to expand my empire but finding someone who wants to part with 500k is impossible also. Good luck OP let us know what progress you have made in a years time. Link to comment Share on other sites More sharing options...
dru2 Posted May 5, 2015 Share Posted May 5, 2015 It would surely help if both Farangdanny and Eyecatcher would let us know what currency they are talking about - there's a very big difference between THB500,00 - a modest sum - and US$500,000, similarly with Farangdanny's 12 million - what? Bengali Taka? Link to comment Share on other sites More sharing options...
NickJ Posted May 5, 2015 Share Posted May 5, 2015 Whoever has there panties in a bunch...raise there hand... Link to comment Share on other sites More sharing options...
beau thai Posted May 5, 2015 Share Posted May 5, 2015 I am guessing you have got the replies you expected. If you feel able to say how much you need, what return on investment your plan outlines - best case and worst case, etc. And how long to breakeven etc you may get a better response For sure you can say more about what you need without giving your great idea away... Link to comment Share on other sites More sharing options...
johnsjourney Posted May 5, 2015 Share Posted May 5, 2015 I thought foreigners (apart from ASEAN) were not allowed to run tourist businesses here. So an investor will not give money even for a perfect plan unless you have a minority non controlling stake in which case you don't control your own money when they team up against you. I even saw the latter happen to a friend in UK. International business or in an approved sector does work for some people though. Link to comment Share on other sites More sharing options...
Farangdanny Posted May 6, 2015 Author Share Posted May 6, 2015 It would surely help if both Farangdanny and Eyecatcher would let us know what currency they are talking about - there's a very big difference between THB500,00 - a modest sum - and US$500,000, similarly with Farangdanny's 12 million - what? Bengali Taka? When talking about raising money in Thailand and investing in Chiang mai, it is safe to assume that the currency in question is thai Baht. Link to comment Share on other sites More sharing options...
Farangdanny Posted May 6, 2015 Author Share Posted May 6, 2015 I thought foreigners (apart from ASEAN) were not allowed to run tourist businesses here. So an investor will not give money even for a perfect plan unless you have a minority non controlling stake in which case you don't control your own money when they team up against you. I even saw the latter happen to a friend in UK. International business or in an approved sector does work for some people though. I have already owned a business in Thailand. It is easy to keep yourself safe. 49% shareholding and the rest in nominees with pre-signed resignation and transfer documents. Link to comment Share on other sites More sharing options...
scottiejohn Posted May 6, 2015 Share Posted May 6, 2015 It would surely help if both Farangdanny and Eyecatcher would let us know what currency they are talking about - there's a very big difference between THB500,00 - a modest sum - and US$500,000, similarly with Farangdanny's 12 million - what? Bengali Taka? When talking about raising money in Thailand and investing in Chiang mai, it is safe to assume that the currency in question is thai Baht. When discussing business one deals in facts, not assumptions if you want helpful and meaningful advice. When discussions regarding finance are taking place on an 'international' forum such as this it is often the mighty US$ which is used as the common denominator. Clarity not assumptions are essential in this regard. I raised some points in an earlier post which I feel may be even more relevant now, if, as you say you, you have owned a business here in Thailand before. What happened to that business that now makes you need to start another one? Link to comment Share on other sites More sharing options...
WinnieTheKhwai Posted May 6, 2015 Share Posted May 6, 2015 I thought foreigners (apart from ASEAN) were not allowed to run tourist businesses here. So an investor will not give money even for a perfect plan unless you have a You can't be a tour guide. You can run a water park or whatever just fine. Link to comment Share on other sites More sharing options...
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