Sunday 24 / November / 2024
Muscat: The Ministry of Commerce, Industry and Investment Promotion issued Ministerial Resolution No. 499/2023 regarding the regulatory regulations for e-commerce to regulate the practice of this activity in the Sultanate of Oman.
The decision is in line with the national plan for e-commerce with the aim of creating a legal and regulatory environment to develop and promote e-commerce, documenting local e-stores and facilitating access to them, organising operations related to buying and selling over the Internet, reducing fraud and scams related to e-commerce, keeping pace with developed countries in this field, and monitoring e-stores.
Through the National E-Commerce Plan, the Sultanate of Oman seeks to diversify the national economy, make the Sultanate of Oman a regional centre for e-commerce, and promote the growth of this sector by enabling the development of e-commerce, enhancing the Sultanate of Oman’s ability to compete with regional centres in various sectors, enhancing consumer dependence on e-commerce and increasing awareness of it.
The plan includes many measures to ensure its achievement, including the E-Commerce Complex, updating applicable laws to keep pace with developments in e-commerce, encouraging small and medium enterprises to use modern technology, and developing the infrastructure for information and communications technologies, electronic payment, and shipping services in cooperation with government agencies in the Sultanate of Oman.
The regulations stipulate that a license to practice e-commerce must be obtained by submitting a license application electronically and specify a number of conditions for obtaining a license (for individuals) who do not have a commercial register. As for (commercial companies), to obtain a license, they must be registered in the commercial registry, and non-Omanis can practice e-commerce in accordance with the provisions of the Foreign Capital Investment Law.
