It's basically a flood plain too with no development. I admire their effort, but there are other places that provide better options. Mexico where @jeffberwick is and Panama where @hilarski is are good choices.
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I think physical sovereign states are obsolete anyway. Its just a matter of time before the world catches up to that notion. Virtual assets and citizens are more flexible than an arbitrary collection of geographically dictated population centers.
But like usual, I'm ahead of the pack until things catch up 5-10 years later.
I hope to see it. I am tired of tax farms and imaginary lines.