Rajah & Tann Regional Round-Up
your snapshot of key legal developments in Asia
 Issue 2 - Apr/May/Jun 2021
 

MOC Issues Notification Requiring Relevant Persons to Apply for E-Commerce Permit or Licence

On 26 May 2021, the Ministry of Commerce ("MOC") issued Notification No. 1143 on the Issuance of Permit or Licence on E-Commerce ("Notification No. 1143"). Notification No. 1143 urges all individuals, sole proprietorships, legal entities and branches of foreign companies which carry out their business activities via electronic platform ("Relevant Persons") to apply for a permit or licence on E-Commerce. 


According to the Law on E-Commerce, the Sub-Decree on the Determination of Type, Formality and Procedure for the Issuance of Permit and Licence on E-Commerce to Intermediaries and E-commerce Service Providers, and Prakas No. 290 on the Issuance of Permit and Licence on E-Commerce dated 9 October 2020, Relevant Persons are required to apply for a permit or licence on E-Commerce with the Business Registration Department of Trade Support Services General Directorate of MOC.


Relevant Persons that fail to apply for a permit or licence on E-Commerce in accordance with Notification No. 1143 will be required to discontinue their operations. They will also face fines, the quantum of which will be determined by the applicable laws and regulations.


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Please note that whilst the information in this Update is correct to the best of our knowledge and belief at the time of writing, it is only intended to provide a general guide to the subject matter and should not be treated as a substitute for specific professional advice.

 

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