To access and do business within Próspera ZEDE, natural persons and legal entities need to enter into an Agreement of Coexistence with Próspera ZEDE (annual fee ranges from $130 (legal entity physical resident/e- resident) to $1300 USD (physical natural person resident)). This requires a background check, passport, proof of formation, Interpol, OFAC, AML and KYC background check. The Agreement itself guarantees certain service levels, requires the use of the default Arbitration Service Provider to resolve all legal disputes arising within Próspera ZEDE or in connection with rights and privileges of being a resident of Próspera ZEDE; and in the case of physical residency, the Agreement grants a legal stability agreement to “grandfather” resident into current laws, protecting them from adverse changes in the legal environment. A side letter to the Agreement of Coexistence requires Residents who engage in the intentional torts of battery, assault, trespass, fraud or contractual interference to pay civil penalties up to 10x the sum of consequential damages and litigation expenses from the resultant injury.
This contract:
Creates your residency status and access permit to Próspera.
Contracts you to follow the Rules of Próspera, including tax and regulatory rules.
Ensures you will resolve all disputes by default arbitration in the Próspera Arbitration Center (PAC) or AAA if you don’t have a separate arbitration agreement that determines how disputes are resolved.
Determines your residency type