Your Singapore travel plan in jeopardy, six agents lose license over failure to submit documents

Failure to submit outstanding audited statements of accounts, annual business profiles or returns, resulted in the Singapore Tourism Board (STA) revoking the licenses of six travel agents. The agents whose licenses were revoked are Gemini Travel n Tours, Intersys, SGWanka, VS Travel, Wizfair Travel and Zayn Travels.

In a statement, dated June 23, citing the Travel Agents Act, 1975, the STB justified its act of revocation.

The Travel Agents Regulations (TAR), 2017, states that licensees must present their audited statement of accounts, annual business profiles or returns or both within six months after the close of the financial year.


Companies like VS Travel got its license revoked, because of not maintaining minimum financial requirements, based on the TAR regulations. The licensees are expected to have a minimum net value of $100,000 at all times, barring which the companies would be prohibited from carrying out any more activities, according to the STB.

The agents are also supposed to refund the customers, and give out their licenses for verified travel agents, enabling business fluidity.

“STB takes a serious view against errant travel agents and will not hesitate to take necessary actions to protect the reputation of Singapore’s travel industry,” the STB stated.