text: A Czech politician says he has created an entirely new country by claiming three-square-mile patch of land along the Croatia-Serbia border that neither country claims is theirs. Vit Jedlicka, 31, a member of the Czech Republic's Conservative Party of Free Citizens, is the self-declared president of 'Liberland', which is located on the banks of the Danube River. The land making up the so-called 'micronation' was apparently forgotten when the Balkan Peninsula which split into new countries following the breakup of Yugoslavia in the 1990s. Mr Jedlicka says that under international law he is now entitled to take control of the apparently 'unclaimed' territory'. Hope: If Liberland is ever formally recognised it will become the third smallest sovereign state in the world, behind the Vatican City and Monaco . Mr Jedlicka describes himself as a Libertarian and says citizens living in 'Liberland' will be able to set their own individual rate of tax, as well as drawing up their own property and personal rights. Founder: Vít Jedlicka, 31, is a member of the Czech Republic's Conservative Party of Free Citizens . The anti-EU Czech politician says the idea for the state came from a desire to live in a country where 'honest' people could prosper with minimal to no interference from a centralised government. All services - such as medical, fire and refuse - would operate voluntarily, with the overall idea being that the nation's perfectly capable citizens would eventually work out the correct level of taxation and the right service requirements for a fully-functioning nation, without the levels being set by the state. 'We really felt restricted. We really felt under pressure,' Mr Jedlicka told Fox News. 'We really feel that Europe needs another tax haven. We need a place where people can prosper,' he added. During the phone interview Mr Jedlicka said: 'We couldn't make our government lower taxes. I tried hard to tell my politicians that we need to lower taxes. That we need to lower regulation. 'All my opponents told me, "you should have your own state to prove your ideas of liberty". So I did it,' he went on to say. After extensive research into areas classified as terra nullius, or 'no man's land', Mr Jedlicka discovered the 2.7 square mile patch of land along the Croatia-Serbia border. Unclaimed territory: Liberland is located on the Croatia-Serbia border, on the banks of the Danube River . The so-called creation of Liberland is far from the first time an individual has declared the formation of a new nation state. The most famous example is Principality of Sealand - an abandoned oil rig off the coast of Suffolk that declared independence in 1967. Although only two people live there and it has never been formally recognised, Sealand has its own football club and national flag. Even if after lengthy legal analysis proves 'Liberland' is a genuinely 'unclaimed territory', the world's new newest nation still fails one of the basic tests for sovereignty. With only one citizen currently living in the country and access to the area strictly limited by Croatia and Serbia, there is no way Liberland is able to protect itself from neighbouring states. Even if Liberland's so-called citizens were able to reach the country, Croatia's border police still operate in the region. This means that even if Liberland does exist, it is a failed state occupied by a foreign nation. He asked the area's only resident whether he agreed to the nation-building plan and, upon being given the go-ahead, declared the formation of Liberland. If the country was ever formally recognised it would be the third smallest sovereign state in the world, behind the Vatican City and Monaco. With the motto 'Live and Let Live', Mr Jedlicka claims he has already received 250,000 applications for citizenship, as well as financial pledges to set up the structure of a state, including establishing telecommunication infrastructure. Not everybody is so keen on the plan, however. Croatia has already reportedly declared that it will not recognise the 'micronation', adding that although it isn't taking the declaration seriously, it still considers the declaration of a nation state 'virtual trespassing'. Czech journalists also tried to visit the territory last week, but were blocked from entering and the 'Liberland' flag that was initially flown over the area has apparently now been taken down. Legal experts have also poured cold water on the idea, claiming that although the territory may appear unclaimed, it is almost certainly already part of Serbia. This is because after Yugoslavia's break-up, any land in the area not claimed by Croatia was automatically absorbed into Serbia.
target: Vít Jedlicka researched unclaimed land in Europe to launch a 'new' nation .
  Czech politician named country 'Liberland' - saying citizens will decide tax and laws themselves and there will be minimal government involvement .
  Tiny 'country' lies on the banks of the Danube and has only one citizen .
  But legal experts believe the area is likely to already by part of Serbia .