Requirements for Travel Agency License

The following are the requirements for obtaining a Travel Agency License;

• Company Registration
  To obtain a Travel Agency License, the company must be set up as a Singapore company and have the intention of carrying out the business as a travel agent. The registration of the company must be done under the Standard Industrial Classification (SSIC) codes of 78211 for Travel Agents and Tour Operators, or 78212 for Ticketing Agencies.


• Paid Up Capital
  The paid-up capital of the company must be at least S$100,000


• Key Executive
  The appointment of an appropriate person must be done for the position of key executive and he/she must be approved by the Singapore Tourism Board (STB). The key executive has the responsibility of looking into the day to day operations of the business.


• Character
  The key position holders in the company such as executives and managers must have good moral character. It is imperative to carry out certain background checks as per the discretion of STB.


• Email Address
  The company must have a website and official email address to operate.


• TRUST
  TRUST means “Terms and Conditions for the Use of the Travel Related Users’ System (TRUST)”. It means that the website of the company is state-sanctioned and provides all the information and advice that is related to the travel agency in Singapore.


• Office Space and Signboard
  The travel agency must abide by the guidelines laid down for the office space and signboard. Approvals from the respective authorities must be obtained.

Application Procedure for Travel Agency License

The travel agency license application can be filed online, and it takes around one to two weeks of time to process the application from the date of submission of the documents.

The approval for the license may take longer if some checks are required. The In-Principle Approval (IPA) letter may ask for certain conditions to be fulfilled before the Singapore travel agency license is granted. The Singapore travel agency license must be received in person and respective license fee must be paid.

Rejected Applications

If your license application is rejected for any reason, you can file an appeal within one month of the rejection. The review petition may take around two weeks of time.

Renewals

The travel agency license is valid for a period of two years and expires on 31st December of the following year irrespective of the month in which you initially made your application. The license renewal must be done one month before its expiry.

So, this was all that you should know before setting up a travel agency in Singapore. If you seek professional help, get in touch with IMC Group. We can help you with company registration in Singapore, annual filings, legal compliances, accounting work and advice on how to start a start-up in Singapore.

We also support you in employing foreign workers by assisting you with VISA Services in Singapore. To know more about our services, get in touch with us.