In an article posted 6 April 2010, LynThomas suggests the idea of "buying a micronation".

The idea begins with the fact that Dubai and other Nation/States are creating and selling islands as real estate development projects.

It goes on to suggest that the idea of selling these islands as "micronations", islands with "self-rule", is creating unique opportunities.

"...The country selling the micronations will become the host nation to all of the island satellite states it creates. In this role, the host nation will have the opportunity to vend services such as electricity, water, transportation and trash removal to wealthy clients, who will be willing to pay a premium for top service..."

The author then goes on to point out:

The Institute of International Law stated in its Brussels session in 1936: "...Recognition of a new Nation is a free decision by which one or several Nations corroborate the existence on a determined territory of a human society, politically organized, independent of any other nation, capable of complying with International Law and their decision is made public, recognizing the new Nation as a member of the International Community..."

On December 16, 1991, the foreign affairs ministers of the European Union adopted a set of four requirements that new member states emerging from the old Eastern Europe and Soviet Union must meet in order to become officially recognized:

1. Respect all points of the Charter of the United Nations (UN), Helsinki Summit Final Act, and Charter of Paris for a New Europe.
2. Guarantee rights for minorities and other groups as per the agreements of the CSCE (Conference for Security and Co-operation in Europe).
3. Respect the unchangeable nature of national borders that can only be changed peacefully through common agreement.
4. Commitment to reaching common agreements on all matters related to regional controversies.

When asked for comment, His Majesty King David said; "...We believe that this once again shows that those micronations, putative-states, Nation/States or whatever term is popular today who are seeking a path to Sovereignty through International Law stand far more chance of success than those who seek a path around International Law..."

The entire article can be read here: http://www.tropicpost.com/buying-a-micronation/