I’m wondering how difficult or possible it is to create your own fully legal and recognized country.

Someone did it in 1967. It’s called Sealand and it’s 10km off the coast of England on a small concrete platform built during the WWII (http://www.sealandgov.org/ for details).

Your own contry means you have diplomatic immunity, make your own civil, criminal and tax laws. Recent reports claim a new company called Havenco plans to introduce a ” data haven” in Sealand (http://www.globalpolicy.org/nations/sealand.htm).

How would you call your country? What would the laws be? What would be the incentives for companies and individuals to immigrate to your contry (assuming you have place for them). Would you make it a cash cow by allowing all sorts of criminal activities, an utopian land with peace and harmony or a place just for you?