Wednesday, December 06
05:58 PM

New decision to ensure transparency and trust in e-commerce activities


Muscat – In a move to bolster the national economy, the Ministry of Commerce, Industry and Investment Promotion (MoCIIP) has issued a decision (No 499/2023) detailing regulations for e-commerce in Oman.

The decision aligns with Oman’s e-commerce strategy. At its core, it aims to establish a robust legal and regulatory framework that fosters e-commerce growth. Key measures include streamlining e-store documentation and ensuring easier access for consumers. The decision also emphasises the importance of transparent online transactions, with emphasis on reducing e-commerce fraud and closely monitoring e-stores.

For those seeking to foray into e-commerce, the regulations specify a clear path. Individuals without a commercial register can obtain a licence by submitting an electronic application, provided certain criteria are met. Commercial entities, on the other hand, must be registered in the commercial registry. Furthermore, non-Omani entrepreneurs can also venture into e-commerce activities by following the guidelines laid out in the Foreign Capital Investment Law.

To ensure adherence to these regulations, MoCIIP wields the authority to enforce corrective measures. These can range from imposing fines of up to RO500 or suspending the licence of online stores until compliance is restored. In severe or repeated cases of violations over a three-year period, MoCIIP can revoke licences and block online stores.

Decision No 499/2023 will be operational 90 days post its official announcement in the Gazette on September 10.

With the National Plan for E-commerce, Oman’s vision is to diversify its economy, position the nation as a regional e-commerce hub, and stimulate sectoral growth. This proactive approach encapsulates a holistic plan to integrate e-commerce deeply into the Omani business ecosystem, MoCIIP stated.

© 2021 Apex Press and Publishing. All Rights Reserved. Powered by Mesdac