Vice-President Michel said the law would enable the Seychelles to ably compete with the rest of the world and ensure that the country's offshore sector does not lag behind. According to reports from the Seychelles On-Line news service, the new Electronic Transactions Act will legalise all electronic transactions with the exception of negotiable instruments, powers of attorney, wills, deeds, conveying immovable property and other prescribed documents.

Under the law documents that are required to be in writing can also be presented in electronic format or can be signed digitally. The government also intends to empower the authorities to award licences via electronic form and the law confers on any person a right to compel a Public Authority to accept, issue or retain a document or effect a monetary transaction in electronic form. A Controller of Certifying Authorities will be employed to supervise the authorities' activities in relation to issuing digital signature certificates.

According to the report, the Seychelles People's Progressive Front (SPPF) MNA deputy Speaker Shelton Jolicoeur praised the legislation saying that the increase in the use of the internet and other electronic communication technologies would open up a lot of opportunities for the Island. He noted that e-commerce was benefiting many companies, enabling them to improve their performance by providing access to new markets and responding to business opportunities and customer needs more efficiently and effectively.