What do people usually do when they are tired of the country they live in? They will migrate to another country with all the facilities and facilities they need, won’t they? It does not seem that this routine that has been going on for ages will last much longer, the trend is to create a new country according to one’s own imagination and ideas!
The newest additions are Gareth Johnson and Marshall Meyer. Launched in 2018, they are co-founders of Let’s Buy an Island, a new model for those looking to buy their own island.
Kofi Kaye owns a 1.2-acre island off the coast of Belize. Their plan is to turn this uninhabited island in the Caribbean into a separate country for tourism activities.
They bought the island with their own savings and investments from a crowdfunding campaign. Online, they were able to raise ,000 250,000 (Rs. 2,50,21,974) through investors who liked their idea. The current plan is to expand the area for tourism and share the profits with investors.
The island is not officially recognized as a micronation, but has the national flag, anthem, and government attributes of autonomous nations. Johnson, who is also a co-founder of Young Pioneers Tours, has traveled extensively in North Korea and Syria, as well as in lesser known states such as Transnistria, Abkhazia and Nagorno-Karabakh. It was these journeys that inspired Johnson to move forward with the idea of micronation.
After inspecting the islands in the Philippines, Malaysia, Ireland, Panama and Belize, they bought the island for $ 180,000 (Rs. 13745790). Each share on the island will fetch $ 3,250 (Rs. 2,48,330). People can buy as many shares as they want but only one vote per person is allowed in a situation where they have to vote to make democratic decisions. So far, the island has about 100 shares from investors from 25 different countries.
English Summary: Two Men Buy Caribbean Island To Start Their Own Country