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Overview of (e)Residency
Overview of (e)Residency

Understand residency for individuals and choosing the right one for you.

Daniel Frazee avatar
Written by Daniel Frazee
Updated over 2 months ago

Próspera (e)Residency is your entry to the Próspera Governance Platform. It is our way of implementing the ZEDE Organic Law's requirement that people accessing the zone enter into an "Agreement of Coexistence." To enter a Próspera hub or create an online business, you must have a Próspera (e)Residency. This includes working, visiting, or living in a Próspera hub. There are currently three types of (e)Residency:

Visitor Pass

Visitor Pass (a.k.a. Limited e-Residency) is a category reserved for short-term visits in the zone. The visitor pass provides unlimited daily access to the Próspera ZEDE and up to 30 nights. The visitor pass is cannot be used for consistent employment, but can be used for non-systemic work with monthly and annual caps.

e-Residency

e-Residency is intended for mostly online residents that don't plan to spend more than 30 days per calendar year in the jurisdiction. This residency also enables you to register a business and own property in Próspera.

Residency

Residency is intended for individuals that work or live full-time in Próspera. It includes all the benefits of eResidency plus full time access to the jurisdiction. Residency also requires mandatory insurance which helps protect you from potential damages caused while in Próspera.

Comparing Residencies

Visitor Pass

e-Residency

Residency

Days of Access

Unlimited Daily Access. 30 nights.

30 days/year

365 days/year

Work Within PZ

Limited to non-systemic jobs and revenue caps.

✔️

✔️

Own Real Estate

No

✔️

✔️

Create Legal Entities

No

✔️

✔️

Residency Insurance

N/A

N/A

✔️

Regulated Industry Insurance

N/A

Determined by risk scoring/year

Determined by risk scoring/year

Cost

Free

$130/year

$130/year + Insurance

Applying for (e)Residency

Becoming a resident is simple process that ensures bad actors are filtered out at the front end to provide maximum freedom to residents of the platform. You'll complete investor-grade KYC to verify your identity and be screened against known databases of criminals. You'll need to provide your government-issued identification and proof of residency (a utility bill or phone bill that contains your name and address), so be sure to have these ready when you start the process. To become a resident, you can apply online at: https://eprospera.com

Application process:

The first step is choosing your residency type (see above for options). You'll be asked to confirm you are not from any of the following restricted countries (Afghanistan, Angola, China, Congo, Cuba, Haiti, Iran, Iraq, North Korea, Nicaragua, Nigeria, Pakistan, Russia, Somalia, Syria, Venezuela, Vietnam, Yemen), or you have an exemption from this restriction from the GSP.

Next, you'll review and sign the Agreement of Coexistence. This is an important contract that goes over several aspects of Próspera, but most importantly contracts you to follow the rules of Próspera, including tax and regulatory rules.

If a paid residency was selected, you'll be asked to pay (note: this is non-refundable, so be sure you have the necessary documents ready to finish the process). This will be followed by submitting your personal and contact information including your proof of residency.

If you plan on working in Próspera, you'll need to declare if you're a professional, manager, or expert working in a regulated industry. If so, you are considered a Regulated Industry Person and will need to make a Regulatory Election.

Once complete you will review your information and submit the application. The final step will be identity verification. A web app will walk you through scanning your government-issued ID and taking a photo of yourself. Once complete, this will all be reviewed and approved, usually in 1-3 days.

Note: This article explains (e)Residency for individuals. For legal entity (e)Residency, click here.

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