Companies doing business in Oman that wish to conduct electronic transactions can take advantage of the legal framework provided in the Electronic Transactions Law (Royal Decree 69/08). The Electronic Transactions Law sets a uniform standard for e-commerce transactions and makes it easier for companies to conduct business electronically. For example, the law provides the following benefits:
- Removal of obstacles to electronic transactions, such as writing and signing requirements;
- Provision of a uniform standard for authentication of electronic records;
- Detailing of security measures, including an encryption standard to ensure confidentiality of transactions; and
- Allowing private entities to sign binding contracts on the internet.
- Facilitate electronic transactions and the transfer of electronic documents;
- Eliminate obstacles to electronic transactions;
- Minimize forgery and fraud in electronic transactions;
- Standardize rules and regulations for security and authentication of electronic documents; and
- Boost consumer confidence and public confidence in the security and validity of electronic transactions.