Every individual or company providing any type of service related to travel and tours can be deemed a travel agency in Singapore. The travel agent is an entity providing travel and tour packages including travel services by land, sea or air. However, transportation companies in Singapore may not be considered travel agents. Travel agents fall under the regulations of the Travel Agent’s Act and are required to obtain a license with the Singapore Tourism Board.
Singapore companies established as travel agents may provide the following services:
The first step to open a travel agency is to incorporate a company in Singapore. The company must be registered according to the Standard Industrial Classification (SSIC) code 78211 for travel agents or 78212 for ticketing agents, depending on the services to be provided. All travel agents are required to deposit a minimum share capital of 100,000 S$ in Singapore. The company must also have a Singapore resident director and a website.
For details about creating a website for a travel agency in Singapore you may ask our specialists.
Once all the requirements are met and the company is registered, a travel agency license must be obtained with the Singapore Tourism Board. The application for the Singapore travel license is submitted online. The application will be processed in very short while, varying from 3 to 5 working days. Once the application is processed the Singapore company will receive an In-Principle Approval. A special requirement when opening a travel agency in Singapore is to provide a tenancy agreement concluded for at least one year. The Singapore travel agency license has a two-year validity period and must be renewed one month before the expiry date.
For details about the travel agency license fee to be paid please contact our specialists in company incorporation in Singapore.