The Asgardia Flag must represent Prosperity, Peace and Harmony in Space, as well as Good Administration in Human and Natural (Space) Resources.

Color guides/meanings:
- Dark Blue: Calm, Honesty, Integrity;
- White: Purity, Peace, Wholeness;
- Yellow: Energy, Prosperity, Happiness, Knowledge, Perception, Light;
- Green: Trust, Ambition, Human and Material Resources;

Symbolism:
- Dark Blue Rectangles - represent the Deep Space. They remind us that we live in an unexplored outer-Earth world;
- White Rectangle - represents the First Huge Step that humanity makes towards Space, towards living and exploring it for a better understanding of what the future holds. It also represents a Peaceful Environment;
- The middle circle of the Flower of Life - represents the Unity that builds up Asgardia as a country;
- The green flower - represents a cutout in the yellow and white symbols, and it is shaped as a Star-flower (Trientalis borealis), meaning that together humans can Flourish through Peace and Knowledge.