( CNN ) It would have made Thomas Jefferson proud . Established on the birthday of the American founding father , Liberland -- the world 's newest micronation -- is founded on a firm belief in liberty and noninterference from the powers-that-be . A tiny , 7 square-kilometer parcel of land , marked on maps as Gornja Siga , its territory abuts the Danube on the border between Serbia and Croatia . The victim of a border dispute between Serbia and Croatia , it is claimed by neither side -- effectively a no-man 's land . No one lives on this patch of land , which is heavily forested and contains only badly-maintained access roads and a run-down house , abandoned for decades . This is where Euroskeptic Czech politician Vit Jedlicka stepped in . On April 13 he planted his newly-designed yellow and black flag in the territory , declaring the area the Free Republic of Liberland -- a tiny sliver of a country , bigger only than the Vatican and Monaco . He tells CNN that the country will be formally founded on May 1 and is inviting , through the media , the world 's heads of state to attend a formal ceremony marking the presumptive nation 's birth . He says that he will also invite 7,500 of the 300,000 applicants that applied to become citizens of Liberland to the ceremony , where he will grant them citizenship . `` I will grant citizenship if they can make it to the party , '' he told CNN by phone . `` It 's short notice but a good challenge , and also for the presidents ( and other heads of state ) if they can make it to the founding of our country . '' Jedlicka , an active member of the Czech Republic 's Party of Free Citizens , opposes excessive government interference . He says his attempts to enact change in his home country led him to the political experiment that is Liberland . `` I would describe it as a global revolution . It 's just the beginning , '' he tells CNN via Skype . Founded on staunchly libertarian principles -- its motto is `` To live and let live '' -- its website describes its system of governance as being a `` constitutional republic with elements of direct democracy . '' It will use a form of cryptocurrency -- similar to Bitcoin -- as its national currency , bypassing the need for a central bank and will , according to its constitution , keep government 's noses out of everything possible , from the banks to prostitution . `` Liberland prides itself on personal and economic freedom of its people , which is guaranteed by the Constitution , which significantly limits the power of politicians so they could not interfere too much in the freedoms of the Liberland nation , '' the world 's newest constitutional document states . Financial regulation will be minimal , if at all present . Jedlicka says almost 300,000 applications for citizenship have been received , about 20 of which have been accepted . `` Thousands of Americans , Swiss people . Also a lot of Arabic peoples who feel oppressed by the regimes there . '' He envisions , ultimately , a community of around 35,000 Liberlanders , not all of whom will be full-time residents . He says he expects trouble from his neighbors , whose land he has effectively annexed . `` From Serbia , Croatia , we expect some trouble but we expect international laws will applied and any movement against us would be an attack on a sovereign nation , and we will offer nothing but passive resistance . For now , ( though ) we will make roads , docks . '' For its part , the Serbian Ministry of Foreign Affairs released a statement to CNN that stated that Liberland would not theoretically impinge upon its border , which is delineated by the Danube , but `` the Ministry also considers this a frivolous act which needs no further comment . '' Croatia 's counterpart was similarly dismissive . `` Virtual quips , however interesting they occasionally sound , remain what they are -- virtual quips , and for them we have no official comment . ''
JedlickaVit Jedlicka , the first president of Liberland , tells CNN that the country will be formally founded on May 1 . On April 13 , Vit Jedlicka declared an area between Croatia and Serbia `` the Free Republic of Liberland '' Vit Jedlicka says that almost 300,000 applications for citizenship have so far been received .