Limited exempt private companies are not required to file financial statements unless losses were sustained. No financial information can be obtained for partnership and sole-proprietorship businesses. Late filing is not common. Persons requesting information about a particular permanent resident or citizen must present written documents. Local credit information providers are able to provide a person's business associations based on a given name and identification number.
Agencies normally rely on audited financial figures and market sources.
Importers generally pay by letter of credit, though open terms may be offered to established accounts. Owens OnLine, Inc. a worldwide credit reporting agency, providing credit reports on Singapore companies and individuals. They also provide company directories. The Credit Manager is an eight page, monthly newsletter serving the commercial credit and collection community. Inc. All Rights Reserved.