In terms of companies, confidentiality of information should be divided into two aspects - confidentiality ensured by the banks and confidentiality ensured by the companies registry.
In terms of banking secrecy the bank operating in Ras Al Khaimah and other Emirates are subject to confidentiality and non-disclosure terms and conditions and strictly adhere to this principle.
As for company’s registers in Ras al Khaimah - primarily the register is closed, as opposed to policy of other countries, i.e. information held in the register is not available to third parties.
The same applies to registered agents of companies - they shall ensure confidentiality and safekeeping of the information.
Any requests submitted to the banks and registries from any foreign authorities for information, shall be subject to a number of procedures, including court proceedings in the UAE. The court may order the disclosure of information only upon positive resolution (which shall be supported by material reasons). In practice, such cases concerned only situations related to criminal offenses.
In summary it should be mentioned that Ras Al Khaimah and the UAE on the whole ensure very high level of confidentiality, that is evidenced by large inflow of investors to the UAE from various countries.
