Do you know what the e-commerce law in Colombia is used for? The digital world is increasingly present in everyone’s life. In 2020, e-commerce grew by 53% and is expected to increase by 74% by 2025, representing 18% of the total growth of retail sales in the Colombian country.
If your business activity is based on e-commerce or you are thinking of selling your products online, this article will help you understand the current regulation of online sales in Colombia. In addition, we tell you how Viafirma’s electronic signature can help you to speed up the closing of contracts in your company.
What is the e-commerce law in Colombia?
Also known as Law 527 of 1999, this law establishes the basis for e-commerce, defines and regulates the use of data messages, digital signatures and the basis for the construction of a broader regulatory framework for electronic commerce in Colombia.
Similarly, Article 91 of Law 633 of 2000 stipulates that any web page of Colombian origin that engages in e-commerce activities must be registered in the commercial registry and provide the National Tax and Customs Directorate (DIAN) with information on economic transactions as required by this entity.
E-commerce is something that has really influenced what we call information technology, allowing any type of transaction to be framed in a cyberspace context, bringing serenity to the handling of data messages within this context.
If you are looking for an electronic signature solution for your company, you can visit Viafirma’s Colombian website for more information.
3 principles of the e-commerce law in Colombia
The following are the principles on which this law is based:
- Functional equivalence: This principle is incorporated in the rules of electronic commerce so as not to exclude data messages in terms of their effectiveness and validity, since their content is presented in digital format. In other words, printed documents and handwritten signatures are no longer necessary.
- Data message – non-repudiation: Means that the sender who originates the message has the right to acknowledge its authorship. That is to say, that the content of the message is complete, authentic and has not been altered.
- Technological neutrality: Allows the law to regulate technological advances without discrimination.
Electronic commerce law in Colombia and electronic signature
For more than two decades, electronic signatures have been recognized as an identity authentication mechanism. By means of this law, this tool was defined as comparable to its handwritten equivalent, granting it the same validity and legal effects. Thus, it is possible to identify the person who is making a data message and it is possible to confirm that the content has his approval and that it is reliable and appropriate.
Viafirma, send your contracts to be signed in a 100% valid and legal way.
Our Viafirma solution is presented as the easiest way to close agreements quickly with your customers in compliance with current legislation to date. It offers a centralized digital platform designed to transform the traditional processes of contracting with customers, incorporating a fully automated, easy and efficient approach that allows closing agreements in a faster and 100% online way.
If what you are looking for is to optimize more complex signature processes, Viafirma is an enterprise level tool that supports the use of templates, different signature formats (biometric signature, OTP SMS, etc) and allows the inclusion of electronic evidences to the document (images, videos, advanced checks, etc) to guarantee a higher degree of robustness to the process.