So the trappings of life under the thumb of your home country have finally forced you to the seas. Why not strike out to the pristine, untouched mineral-rich reaches of the Arctic? Climate change in the far north may soon open the long-sought Northwest Passage which will allow ships summer time passage from Europe to Asia a fraction of the travel time. Oil exploration is booming with all the big oil companies vying for their slice of the pie. Increased shipping capacity could mean a black gold mine for your tiny floating kingdom, if you can find a place to put it.
This map shows just how complicated the Arctic seascape really is. Russia has already planted their flag at the North Pole sealed in a titanium capsule. They are still working out the particulars on the definition of their continental shelf, which may validate their claim of the pole and a huge swath of the frozen north. But don’t forget, once clear of Russian claims you still have to contend with Danish, Norwegian, Canadian, U.S. and Icelandic territory. A sea-based nation could benefit from partnership with any of these nations for security and export potential, assuming any of them would be interested in having a little neighbor to the north.
An Arctic sea-base would mean a harsh existence for its inhabitants. Long periods of cold and darkness would require advanced climate control. Keeping the whole thing afloat on or amid constantly shifting polar ice and occasional liquid water would require clever flotation systems. Yet all the expense of setting up this sea-base will be worth it. Others have made significant investment with seemingly impractical logistical hurdles but still continue to make the far north work, there is such a huge economic incentive to do so.
Creating a sea based nation in the Arctic could provide a tiny floating country with vast mineral wealth and, if the climate models pan out, an easy way of getting it to market. And as of this writing, the Somali pirate threat to the Arctic is pretty much non-existent, good news for security.