How to set up a travel agency in singapore?

Question

How to set up a travel agency in singapore?

Answer 1

Go to Singapore, rent a empty office, buy some furniture, hook up phones and computers-  Oh, you can also ask a Singaporean Ad agency to make a sign for you, with nice colors and designs.

Then, open up the office and start selling "travel"....  Easy?

Answer 2

Why would you want to set up a travel business in Singapore? It is one of the most competitive industries here. We have a number of big, old timers (more than 10 years) who have gone under. Unless you have thought through this seriously and have an excellent marketing plan, my advise is to look somewhere else - market of 4 million is just too small.

Answer 3

You must apply travel agent license from Government website "Enterprise One": https://licences.business.gov.sg/SHINE/s...

Any query, you may contact the Legislative Framework Department, Singapore Tourism Board at DID: 6-736 6622.

Before proceeding to apply for a Travel Agent's licence, you are required to fulfil the following conditions:

   1. Registration of Company

      All applicants are required to first register the company with the Accounting & Corporate Regulatory Authority (ACRA) (formerly, Registry of Companies and Businesses (RCB)) solely for the purpose of conducting the business of a travel agent.

   2. The Paid-Up Capital

      The registered company must have a paid-up capital of at least S$100,000.

   3. Key Executive

      All applicants must nominate a suitable person for the position of a Key Executive. The Key Executive must be a director of the company responsible for the day-to-day administration and operation of the travel agency. The Key Executive should have relevant working experience in the travel business at managerial level. The nominee for the Key Executive of the company is subject to the approval of the Board.

   4. Travel Related Users' System (TRUST) & the Internet E-mail Address

      The Travel Related Users' System (TRUST) is an integrated internet-based administration and information. It allows all licensed travel agents to update corporate information, reflect the resignation and appointment of key executives and even submit licence renewal online. To access the TRUST website, you will be issued with an User ID and password after you have obtained final approval for the Travel Agent's licence. You should also apply for an e-mail address specifically for the operation of your travel agency business.

   5. Management Staff and Personnel

      All directors, executives and managerial staff of the company must be persons of good character and fame. Applicants may be required to produce satisfactory evidence to support such requirements.

   6. Office Space and Signboard

      While at the time of TA licence application, applicants may not have secured an office for conducting the travel agency business, it is advisable for applicants to consider possible locations of the office in advance. When the TA licence application has been approved in principle, the applicant will be notified to locate a suitable office, subject to the following conditions:

         1. The applicant must produce documentary proof (such as tenancy agreement etc.) to support the suitability of the office for the conduct of the travel agency business.

         2. The office shall be used exclusively for the conduct of the business of a travel agency. In this respect, the company shall not share its office premises with another business house or with the company's parent or subsidiary company or conduct any other businesses other than travel agency business in the premises.

         3. The office space may either be purchased by the company or leased for a minimum period of two years.

Further info, please visit the above website.