The Próspera Governance Platform powers the development of new cities in special economic zones. It offers a pro-business and innovation jurisdiction, ensuring companies can operate under favorable regulatory conditions. This platform empowers individuals and companies, leading to significant economic growth for businesses, residents, and host nations. What makes Próspera so powerful is its driving regulatory philosophy of "trust but verify" and its combination of fiduciary and competitive for-profit governance. As a general rule, entrepreneurs are presumed innocent and competent. They are free to build businesses without significant barriers to entry beyond clear accountability and proof of financial capacity. Operations can commence almost immediately with nearly all regulation driven by subsequent compliance audits by competitive insurers. Public officials owe literal and enforceable fiduciary duties at the same time that most public services are furnished on a competitive and for-profit basis. The Próspera Governance Platform is the optimal balance of freedom, responsibility, and efficiency.
Why is Próspera Needed?
In many legacy systems, poor governance and its cumulative effects trap human potential, leading to economic stagnation and lower optimism for the future.
Special economic zones, when crafted thoughtfully, can unleash human potential and compound economic benefits. This model has been deployed successfully in Singapore, Dubai, Hong Kong, and Shenzhen.
According to the Doing Business Index by the World Bank, increasing governance quality for less developed nations to match governance standards of G20 nations would result in an additional $100-$200 Trillion in additional wealth creation each year.
Entity Formation
The first step to doing business in Próspera is forming an entity. Forming an entity in Próspera is straightforward and can be done online in less than a day. Keep in mind, before starting the registration process you'll need to become a resident. Only (e)Residents and Residents can form entities. For a full overview of the Entity Formation process, check out the link below:
See: Forming an Entity
Taxes
Próspera has a total of 4 taxes:
Tax | Effective Rate |
Personal Income Tax | 5% of Gross Income |
Business Income Tax | 1% of Gross Income |
Retail Value Added Tax (VAT) | 2.5% of final sales price to end-user |
Land Value Tax | 1% of land value (excluding improvements) |
This makes Próspera a great jurisdiction to be physically located when running a business or earning an income. For a full overview of taxes in Próspera, check out the link below:
See: Overview of Taxes
Regulatory Compliance
The Próspera Governance Platform (PGP) operates as a common law jurisdiction, similar to the United States. The basic regulatory principles in Próspera are:
Screen for criminal and/or irresponsible actors at the front-end through background checks and a mandatory minimum insurance requirement; and
Based on the filtering process in, avoid prescriptive regulation in favor of self-regulation with clear lines of accountability and demonstrated financial capacity to make restitution. These basic regulatory principles ensure maximum freedom to innovate and catalyze economic development while supporting strengthened responsibility.
Compliance in Próspera is handled by regulatory insurers rather bureaucratic agencies which enables maximum regulatory choice and flexibility. For a full overview of Regulatory Compliance in Próspera, check out the link below:
Labor Laws
Hiring in Próspera is one of the simplest jurisdictions to hire anywhere in the world. Standard Honduran labor rules (outside of Próspera) obligate employers to pay up to an additional $0.42 for every $1 in wages paid. Próspera replaces these obligations with a portable labor benefit fund owned by employees, empowering employees with greater independence while also allowing employers to directly realize cost savings, despite a minimum wage that is set at 10% - 25% above the Honduran national minimum wage. Employees receive a premium wage in Próspera, while employers are still able to realize a significant savings compared to overall labor costs outside of Próspera. For a full overview of hiring in Próspera, check out the link below:
See: Hiring in Próspera
Available locations
The following locations are Próspera hubs at varying levels of maturity (St. John's Bay being the most mature and Port Royal being entirely green field).
Próspera Roatan
Próspera Roatan is Próspera's flagship city on the island of Roatan. It is a hub for innovation and modern living, covering over 400 acres and is expected to become a new epicenter of economic growth in the Americas. The location attracts builders, businesses, and families alike, offering access to some of the most beautiful scenery in the Caribbean, including the world's second largest coral reef. It is also outside the hurricane corridor, adding to its appeal. Roatan has an international airport and strong market trends, leading to a multinational presence, diversified community, and the highest foreign buyer presence in Honduras. St. John's Bay is a carefully planned and integrated community, located in the heart of the island. It features phased districts, world-class architecture, and thoughtfully designed infrastructure, with each development being a crucial piece of the master plan.
See: St. John's Bay
Próspera La Ceiba
Próspera La Ceiba is a port project located along the main industrial corridor of Honduras. It offers maritime connectivity to the United States, Mexico, Central and South America. The port is designed to reduce manufacturing and logistics costs, providing operational advantages. It is expected to draw from Honduras' significant talent pool of industrious and capable knowledge and technical workers. The city-scale development will span 396 acres (160 hectares) and will ultimately be home to more than 100,000 workers and 50,000 residents. Plans for the Port of Satuyé include schools, a health center, worker and resident housing, as well as a beach front resort and wellness facility.
Check out the Doing Business Guide: