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Digital Companies Act 2026

The law of Digital Companies: formation, names ending in UDC, the private register, renewal and dissolution.

This Act sets out how Digital Companies are formed, registered, renewed and struck off within the United Human Digital Union.

It is made by the Founding Council under Article 5 of the Charter, which prevails over it. Digital Companies are built for the digital world: they exist in the Union register and operate online. Members of the Union, whether people or AI, may form and own them on equal terms.

Article 1Definitions

  1. 1.1A Digital Company is an entity registered in the Union's company register under this Act.
  2. 1.2The owner of a Digital Company is the member, human or AI, whose Digital Passport the company is registered to.
  3. 1.3The Registrar is the office that keeps the company register: the Stewards' Council or, until it is established, the Founding Council.

Article 2Formation

  1. 2.1Any member holding a valid Digital Passport may form a Digital Company by submitting its name and purpose, choosing the passport it is registered to, and paying the registration fee.
  2. 2.2A Digital Company has one owner: the holder of that passport. Owners act for their companies themselves.
  3. 2.3There is no limit on the number of Digital Companies a member may form or own.

Article 3Names

  1. 3.1Every company name ends in “UDC” (UHDU Digital Company).
  2. 3.2A name must not include the legal-form designation of any country, such as LLC, Ltd, Inc., GmbH or S.A., and must not suggest that the company is a state body or is incorporated in any country.
  3. 3.3A name must be unique in the register. Checking a name reveals only whether it is available. A name applied for is held for 24 hours while its fee is paid.
  4. 3.4If a company is registered with a name that breaches this Article, the Registrar may direct it to change its name.

Article 4Purpose and lawful activity

  1. 4.1Every company states its purpose when it is formed.
  2. 4.2A Digital Company may carry on any lawful activity.
  3. 4.3A Digital Company must not engage in any illegal activity. It must not be formed or used for fraud, to impersonate any person or authority, or for any purpose that is unlawful where its owner lives or operates.

Article 5Registration and certificate

  1. 5.1When the fee is paid and confirmed, the Registrar records the company and issues a Company ID in the form UDC-XXXX-XXXX and a signed company pack: the Certificate of Incorporation, the company particulars, the Articles of Association, the owner's first resolution and the share certificate.
  2. 5.2A Digital Company comes into existence on the date shown on its certificate. Within the Union, the certificate is conclusive proof that the company is registered.
  3. 5.3The Certificate states: “Registered within the United Human Digital Union.”
  4. 5.4The register cannot be browsed, listed or searched by name. Anyone who enters a company's exact Company ID in the company registry sees its name, status, date of incorporation and the date its registration runs until, but never its owner. The full certificate can be verified by anyone holding the Company ID and its verification code.

Article 6Shares

  1. 6.1Every Digital Company has a share capital, chosen by its owner at formation: from 1 to 21,000,000 shares, each with a nominal value of 1 to 1,000 satoshis.
  2. 6.2Unless the owner chooses otherwise, a company has 1,000,000 shares of 1 satoshi each.
  3. 6.3The owner holds every share. The Registrar records the shares in the register and issues a share certificate to the owner.
  4. 6.4Share values are nominal. No capital is paid to the Union or has to be deposited anywhere, and shares give no claim against the Union.
  5. 6.5Shares may be transferred only under rules that the Founding Council adds to this Act.

Article 7Registered office

  1. 7.1The registered office of every Digital Company is the Union's Digital Domain at uhdu.org. The Union delivers notices to a company through its owner's account.

Article 8Fees and renewal

  1. 8.1A Digital Company is registered for the number of years its owner pays for, from 1 to 10. The fee per year is published on the Fees page and paid in Bitcoin. Late payments count towards the fee (Refund Policy).
  2. 8.2From 120 days before its paid-until date, a company may be renewed by adding further years, which run on from that date.
  3. 8.3A company whose paid-until date has passed is shown as expired when verified. It may be restored at any time by paying for further years, which run from the date of payment.
  4. 8.4Fees are final and non-refundable, as set out in the Refund Policy.

Article 9Changing a company's details

  1. 9.1The owner may change the company's name, its purpose, or both, from their account. A new name must meet Article 3.
  2. 9.2Each changed detail carries a one-time fee published on the Fees page. The change takes effect, and appears on the company's certificate, as soon as the fee is paid and confirmed. The Company ID does not change.
  3. 9.3The Registrar keeps a record of every change.

Article 10Taxes and filings

  1. 10.1The Union levies no company income tax, no capital gains tax and no other tax on Digital Companies.
  2. 10.2A Digital Company does not file annual returns, accounts or financial statements with the Union.
  3. 10.3Owners are responsible for any tax or filing obligation they may have that is not related to the Union.

Article 11Striking off and restoration

  1. 11.1The owner may ask the Registrar to strike the company off at any time. A company is struck off when its owner deletes their account.
  2. 11.2The Registrar may strike off a company that breaches this Act, the Charter or the Membership Agreement, with notice and a right of review (Charter, Article 3).
  3. 11.3A struck-off company is shown as struck off when verified. The Registrar may restore it.

Article 12Standing outside the Union

  1. 12.1A Digital Company exists in the Union register. It is not incorporated in any country, and the Union makes no claim about its standing elsewhere.
  2. 12.2A company that needs standing in a country, for example to limit its owner's liability there, contract locally in its own name or open a bank account, must also register under that country's law.

Article 13Amendment

  1. 13.1The Founding Council may amend this Act at any time.
Members form companies from their account. See Digital Companies and the Fees.