An eCompany is a legal entity made up of an association of persons, be they natural, legal, or a mixture of both, for carrying on a commercial or industrial or non-commercial enterprise. Company members share a common purpose, and unite in order to focus their various talents and organize their collectively available skills or resources to achieve specific, declared goals.
Companies take various forms, such as:
An eCompany has the same principles as any other standard corporation, that is a company or group of persons or an organisation formed to act as a single entity and recognised as such in public.
The borderless Internet and the world of eCommerce has changed all of what we know about doing business, joint venturing and operating globally with a commercial entity, since the very first companies were created.
The very earliest companies were formed under Roman Law in the time of Justinian’s reign 527–565. The oldest commercial corporations in the world were allegedly from Sweden - the Stora Kopparberg mining community in Falun, which obtained a charter from King Magnus Eriksson in 1347; from England - the East India Company of London in 1600; and the Dutch East India Company in 1602. These ground-breaking enterprises led up to the hundreds of millions of commercial entities in today’s world until the myriad of designations such as LLC, LTD, INC, Corp, PLC, etc..
But the essence of “company” itself – i.e., registration, jurisdiction, taxation - hasn’t changed significantly in the past 1500 years. This definition of “company” has typically remained local, narrow, local-country oriented and local-country designed.
That is why eCompany, licensed by Kazakhstan’s Astana International Finance Center (AIFC), has been established.
eCompany.org allows individuals and corporates from around the world to incorporate quickly, easily and cheaply in a modern and flexible way that will allow them to commence immediate commercial operations with a functioning bank account, eCommerce platform, invoicing, IFRS compatibility and multi-jurisdiction reporting, and with transparent, fair and honest taxation.
From the point of view of individuals and small-medium sized businesses, it allows them to incorporate and conduct business - as well as being listed publicly to raise funds from investors – in the same way that the mega-conglomerates do, but without the inescapable and affordable punitive costs and regulatory limitations that exist today for no good reason.
From the point of view of Sovereign States, it provides transparency, compliance, and fair tax reporting and payments. Entities formed under eCompany.org avoid all the loopholes of tax havens and tax avoidance used by the biggest global corporations and accounting firms to avoid paying the billions of dollars in real taxes that they should be paying, but don’t.
Setting up an eCompany involves a digitalised incorporation, using an easy, fast and affordable online Registration, under the AIFC’s license and English Common Law. Registration and Operation of eCompanies are transparent to the relevant authorities for tax and any other legal purposes, but are also privacy-protected from data mining and invasion of privacy by data-abusing individuals and corporations.
The same as it\'s originally done on the Justinian since year 527 under the Roman law, eCompany recognized a range of corporate entities type - only as long as it acts according to the local laws of wherever they function, and paying the fair taxes on from where they function and/or where their customers pay them. In order to comply with that self-regulated rules, eCompany is not allowed to be registered from, by or receive money from any tax heaven jurisdiction nor any country, entity or individuals that are under economy sanction.
These included any sort of limited or unlimited partnership, joint venture, commercial or non-commercial organization, private association, venture capital funds, sponsors of a religious cult, burial clubs, political groups, and traders.