UAE Announces New Laws to Licence, Regulate E-commerce Sector

UAE Announces New Laws to Licence, Regulate E-commerce Sector

The UAE unveiled a slew of measures to streamline businesses and facilitate services for consumers in the country, in line with the international digital commerce trends. It also announced a new law, adopting a flexible approach to legislation, to emphasise the key role of entities and authorities responsible for licensing and regulating e-commerce, as well …

The post UAE Announces New Laws to Licence, Regulate E-commerce Sector appeared first on Gulf Insider.The UAE unveiled a slew of measures to streamline businesses and facilitate services for consumers in the country, in line with the international digital commerce trends.

It also announced a new law, adopting a flexible approach to legislation, to emphasise the key role of entities and authorities responsible for licensing and regulating e-commerce, as well as the associated logistic services and digital payment gateways.

The new law does not impose any additional requirements on digital traders or providers of other services.

It also protects consumer interests by safeguarding intellectual property rights and the purchase of goods or services through modern technology means.

The latest initiative legally authorises trade conducted through modern technology means, making it similar to trade conducted through traditional methods and conventional procedures and provides optional jurisdictions for dispute resolution, including arbitration.

It