UN[UNRECOGNIZED][SPECULATIVE]

Liberland

Liberland is an unrecognized micronation on the Serbia/Croatia border. Only the low-cost e-residency product is a real, purchasable offering — full citizenship confers no internationally recognized legal rights.

Score
32
Last Verified
2026-06-30
Region
Europe
Key Metric
None
Stead Score Breakdown
32
UNRECOGNIZED/ASPIRATIONAL
Legal Certainty2/25
Operational Track8/25
Financial Transparency10/25
Independent Verification12/25

Citizenship data

Approximately 1,400 citizenships granted out of 400,000+ applicants as of 2025 (some sources report application counts as high as ~800,000).

E-residency product

A real, low-cost e-residency product exists — online application, access to Liberland's e-government platform, ability to register companies, fees typically under $100. Practical enforceability of any associated tax benefits is limited given the lack of international recognition.

Governance activity

Liberland held a Congressional election entirely via blockchain in October 2024, electing 7 representatives. A comprehensive Citizenship Law passed unanimously in September 2025.

Treasury note

More than 99% of Liberland's reported reserves are held in Bitcoin — a concentration outside policy experts have called 'unwise,' with direct comparisons drawn to the risks El Salvador faced with its Bitcoin reserves.

Key risks

  • Zero international recognition
  • Physical access blocked since 2015
  • 99%+ Bitcoin treasury concentration risk
LAST VERIFIED 2026-06-30SOURCES: Croatian and Serbian government statements · Liberland official citizenship statistics · Liberland blockchain governance records · Independent policy commentary on Bitcoin treasury concentrationStead Jurisdiction Intelligence