Tourism & leisure businesses
How to File a Registration of Change from Domestic Travel Business to General Travel Business — Capital, Guarantee Insurance, Articles of Incorporation
A company that runs a domestic travel business or a domestic and overseas travel business and wants to also handle travel for foreigners (inbound) must file a registration of change of tourism business to become a general travel business. There is no need to set up a new company, but the registration standards for general travel business are reviewed in the same way as for a first registration. The capital increase, the revision of the business purposes in the articles of incorporation and the increase of the guarantee insurance must be finished before the application.
Procedure
1. Check the registration standards
Capital must be at least 50,000,000 won for general travel business, at least 30,000,000 won for domestic and overseas travel business, and at least 15,000,000 won for domestic travel business. The office must be in a place whose use on the building register is suitable, so check the current office again as well.
2. Capital increase and articles of incorporation
A corporation that lacks capital first completes registration of the capital increase, and amends its articles of incorporation if the business purposes do not include general travel business or wording that covers it. A sole proprietor proves capital with a statement of business assets and its supporting evidence.
3. Increase the guarantee insurance
The insured amount of travel business guarantee insurance is set according to the type of business and the sales of the immediately preceding business year. Prepare a policy with the insured amount raised to meet the general travel business standard.
4. Apply for registration of change
Apply for registration of change to the city, county or district (si/gun/gu) office having jurisdiction over the office location within 30 days from the date the ground for change arose. The figures in the financing plan of the business plan must match the financial statements and capital evidence to reduce requests for supplementation.
5. Follow-up after registration
On receiving the new tourism business registration certificate, also change the business type and item on the business registration, the website, the terms and conditions, and the wording on business cards. The registration standards must be maintained for as long as the business operates.
Required documents
- Application for registration of change of tourism business
- Evidence of the ground for change (certificate of registered matters of the corporation, amended articles of incorporation, etc.)
- Proof of capital payment (corporation), or statement of business assets with supporting evidence (sole proprietor)
- Travel business guarantee insurance policy
- Business plan (including estimated profit and loss, required funds and financing plan)
- Building register of the office, lease contract
- Existing tourism business registration certificate
Fees
Registration of change involves a separate local government fee and registration and license tax. In the industry, handling a registration of change is generally priced from several hundred thousand won to the 1,000,000 won range, and the fee varies with whether a capital increase or amendment of the articles of incorporation is needed and the scope of the business plan to be written. We review the current registration status and financial materials and advise you on the fee after a consultation.
Legal basis and review date
- Tourism Promotion Act, Article 4
- Enforcement Decree of the Tourism Promotion Act, attached Table 1
- Enforcement Rule of the Tourism Promotion Act, Article 2
- Enforcement Rule of the Tourism Promotion Act, Article 3
- Enforcement Rule of the Tourism Promotion Act, Article 18
Check these first
- The application for registration of change is the last step. Finish the registration of the capital increase, the revision of the articles of incorporation and the increase of the guarantee insurance first.
- Falling below the registration standards is a ground for business suspension or cancellation of registration even while the business is operating.
Frequently asked questions
Do I have to set up a new company to change from domestic travel business to general travel business?
How much capital does a general travel business need?
Which type of travel business is needed to bring in foreign tourists?
By when must the registration of change be filed?
Can a sole proprietor also change to general travel business?
Can an administrative agent handle the travel business registration of change for me?
Contact us
Hwang Yunsang Administrative Office in Songdo, Incheon prepares and submits administrative documents and explains the procedure. If your situation is similar, send us a message.
📍 2697, 26F POSCO Tower-Songdo, 165 Convensia-daero, Yeonsu-gu, Incheon, Republic of Korea · 📞 010-3374-2687 · 🌐 hwangadmin.com
This guide is general information based on public sources. Requirements, documents and deadlines differ by case and by the competent agency, so please confirm them before you proceed.
