This category includes banking and financial services, corporation registration, and internet hosting. Some readers may be surprised to see this category listed so far down, as these have been often proposed as natural businesses for a new nation. Unfortunately, we seen them as problematic. While there is a large market for virtual services, there is also a lot of competition. Any country with a fiber optic connection can enter these industries, and many have. The simplest way to look at it is that the required infrastructure (communications bandwidth) is much, much cheaper on land than at sea. Thus it is unlikely to be a comparative advantage for a floating city.