Ocelandia and Ocelandia Games are based on the territory known as the Kingdom of Ocelandia. Ocelandia dates back to Day 2 of the Creation of the Universe by God. As ruler of Ocelandia, King Michael does not claim to own the territory but instead clearly states that God owns the territory, The King merely manages the territory and asks God for wisdom ruling Ocelandia.
This website explains the two parts of Ocelandia. The company known as Ocelandia Games and the Kingdom of Ocelandia.