Sunnyvale-based Blueseed plans to build a floating city off the coast of California that “aims to provide a remedy by giving foreign entrepreneurs a place to build their companies only a short boat ride from high tech’s hub.” Continue reading for the news report.

This one would accommodate about 1,000 people and be docked 12 miles south-west of San Francisco Bay, in international waters. It would be registered in a country with a reputable legal system, maybe the Bahamas or the Marshall Islands, Mr Marty said. Residents would be subject to the laws of that nation.

[via DailyMail]