The SSIC 63204 classification pertains to online marketplaces for travel services. This official code is mandatory when registering a business entity with ACRA (Accounting and Corporate Regulatory Authority) in Singapore.

Key Characteristics:

Compliance with the Companies Act (Cap. 50) regarding company registration, annual returns filing with ACRA, and maintenance of proper accounting records.
Common business structures include Private Limited Companies (Pte Ltd) and Sole Proprietorships, with Pte Ltd being preferred for limited liability and scalability.
Frequent regulatory requirements involve obtaining necessary permits from relevant authorities like the Singapore Tourism Board (STB) for large-scale events and compliance with fire safety regulations under the Singapore Civil Defence Force (SCDF).

Common Business Operations

Organisation of conventions and trade shows, including the provision of services such as venue selection, registration, and logistics, primarily for business-to-business (B2B) events.

Organising international trade fairs at venues like the Singapore Expo and Marina Bay Sands Expo & Convention Centre, focusing on industries such as electronics, food & beverage, and healthcare.

Examples include companies that manage the Singapore Airshow or Food&HotelAsia (FHA), providing end-to-end event management services.

Industry practices involve leveraging Singapore's strategic location and connectivity to attract international exhibitors and attendees, aligning with EDB's focus on developing Singapore as a global MICE (Meetings, Incentives, Conferences, and Exhibitions) hub.