legal

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).