Lets say the technology has been created to create land way out in the ocean.

We are a group of the worlds billionaires. We want to create a new country.

How do we do this? What system of government do we want? Who do we let come to are new island nation?

What about are military decisions?

Where do even plan are new island nation?

What about industry?

What country do we launch from?

How do we get recognized by the UN?

What's are currency?

Other questions of course as they come up?