I am unsure and there is a fair chance that I am incorrect but perhaps he is president only as a ceremonial position so the country would be recognized as such. I am sure neighboring countries would have no problem with the legitimacy of them but large organizations/countries probably dispute the claim.
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And it's 1st time I hear of such a country...
Citizenship costs $5000 in donations hmm...
That is a lot cheaper than the U.S.A. citizen registry process when you total all expenses.
What happened to the days when freedom cost a buck o'five?
You can also contribute the same value in work for Liberland.
I dont know enough about liberland - yet - to sustain a conversation but yeah, its plausible
but here is a starter: https://www.theverge.com/2015/4/21/8457239/liberland-the-worlds-newest-country-vit-jedlicka
The President is the head of the provisional government of Liberland, until the first democratic elections.