News

Legal Status of CoastSteads

One of our favored business models has been the CoastStead – a business park operating 12nm offshore, just outside territorial waters. Being able to draw from the economy of a first-world country makes it much easier to make money and finance a seastead.

However, our recent legal research has determined that this model may not work with existing international law. While a ship is under the flag jurisdiction beyond 12nm, artificial installations are regulated by the coastal state throughout the EEZ (200nm or more).

Pondering Prototype Processes

As ClubStead gets wrapped up, I’ve been pondering the next steps for our structure development. ClubStead demonstrates that a spar platform seastead can be built which can endure the worst storms in a fixed location of California, at a certain price point. But we don’t want to demonstrate just via engineering reports, we want to do it by building prototypes.