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General Legal Framework for Electronic Commerce and Electronic Signatures
Decree-Law no. 12/2024 of February 13 was approved as the General Legal Framework for Electronic Commerce and Electronic Signatures, which establishes rules to guarantee the validity of electronic contracts and records and regulates the use of electronic signatures, promoting trust and security in online transactions.

According to the law, electronic signatures must be certified by accredited entities, which must register with the competent authority. Online transactions will have the same legal validity as those carried out on paper, applying to both the public and private sectors. In addition, the principle of non-discrimination between national and foreign electronic signatures and registers will be established, thus facilitating international trade.

The supervision and application of sanctions will be the responsibility of the Information and Communication Technologies Agency I.P. (TIC TIMOR). The ordinance also aligns with international best practices, including the UNCITRAL Model Laws on Electronic Commerce, Electronic Signatures and Electronic Registries.

E-commerce plays a crucial role in economic growth and development, significantly reducing transaction costs for businesses, consumers and entities. It expands the geographical reach of commercial operations and the variety of products and services available. With transactions carried out online, both companies and consumers can access a much wider range of offers, promoting market efficiency and innovation.
 
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Guide to Doing Business in Timor-Leste
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Guide to Doing Business in Timor-Leste
Timor-Leste is Asia's youngest nation, having restored its independence in 2002. Since then, it has shown remarkable resilience, pursuing economic development with a young and dynamic workforce, a rich cultural heritage, and growing business potential.

Timor-Leste has significant prospects for economic growth, particularly in the oil and gas and critical minerals sectors. While oil and gas account for 90% of the country’s total exports, new opportunities are emerging to further develop its hydrocarbon resources. Projects such as Chuditch and Greater Sunrise reinforce Timor-Leste’s role in energy production and supply within the APAC region. At the same time, the global demand for critical minerals – such as lithium, cobalt, and rare earth elements – places the country in a strategic position to integrate into the global supply chain. Although its mining sector is still developing, partnerships with international companies are driving the exploration and extraction of these valuable resources. Since 2008, Timor-Leste has been a member of the Extractive Industries Transparency Initiative, ensuring a legal framework that supports adequate reporting.

Additionally, agribusiness plays a crucial role in the country's economic diversification, with coffee accounting for 7% of total exports. The country’s rich soil and favourable climate offer opportunities for expanding agricultural production, positioning Timor-Leste as a key supplier for the region.

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