Skip to main content
All CollectionsOther Resources
Frequently Asked Questions (FAQ)
Frequently Asked Questions (FAQ)
Daniel Frazee avatar
Written by Daniel Frazee
Updated over 10 months ago

What is Próspera?

Próspera is a governance platform that powers city-scale development in special economic zones. Próspera’s pro-business framework and system of regulatory choice ensure that companies can operate under the most favorable regulatory conditions in the world. This platform empowers individuals and companies, leading to significant economic growth for businesses, residents, and host nations.

How are taxes distributed?

As recounted in the Administrative Action Accounting Revenue from Fees as Part of Próspera ZEDE’s Fiscal Collection, § 6-1-07-18-22-1, article 44 of the ZEDE Organic Law mandates that 12% of the fiscal collection of each ZEDE must be disbursed to the Executive Power, the Legislative Power, the Judicial Power, the Armed Forces, and the Municipalities of Honduras. The remaining 88% is distributed as determined by Rule. In Próspera, the trust agreement establishing and governing the Próspera Trust mandates a 44%-44% split of fiscal collections between Próspera ZEDE and the GSP.

What are the tax advantages for US citizens in Próspera?

US citizens are generally subject to taxation earned anywhere in the world. This means that most of the tax advantages that may exist in Prospera require the use of complex corporate or other legal entity structures based on the application of highly technical tax laws, which should not be attempted without the advice of qualified legal and tax counsel. Unfortunately, I am not qualified to provide that advice. Possibly relevant features of the tax law in Próspera ZEDE includes the tax credit that is offered for foreign taxes paid on income that would otherwise be subject to Próspera ZEDE income taxes. Additionally, Próspera ZEDE has the authority to adopt credits or exemptions that match the net outcome of tax policies in other jurisdictions competing for taxpayers. Marketable tax credits can also be purchased at a discounted price and applied to a taxpayer's own tax liability or sold to other taxpayers. However, it is important for US citizens in Prospera to consider adopting accounting procedures that segregate earnings from activities within Próspera ZEDE from those occurring outside, as the tax authority of greater Honduras has no jurisdiction to tax earnings from activities within Próspera ZEDE.

What are the available insurers in prospera?

Prospera Insurance Company LLC, an affiliate of the Prospera General Service Provider, is the regulatory insurer of last resort contemplated in the Prospera Financial Responsibility Statute and Resolution. As of August 4, 2023, no other insurers have entered the regulatory insurance market.

What is the charter?

The charter refers to the Amended Charter and Bylaws of Próspera ZEDE, which is the first rule promulgated by the Technical Secretary of Próspera ZEDE pursuant to his authority under Article 12 of the ZEDE Organic Law and approved by CAMP pursuant to its authority under Article 11 of the ZEDE Organic Law. The charter is the organic law of Próspera ZEDE and functions as a sort of constitution for local governance.

Can Próspera expropriate land?

No, Próspera ZEDE does not possess the power or authority to expropriate land beyond its designated boundaries. Any incorporation of land outside the boundaries can only occur with the voluntary request and consent of each respective title holder. Furthermore, Próspera ZEDE explicitly declares that it will not accept expropriated land of any kind.

How do I apply for jobs in Próspera?

The Próspera Employment Solutions Talent Network collects top-talent candidates in Honduras and makes them immediately available to employers hiring in Próspera. The Talent Network is open to anyone currently searching for a job, looking to make a career change, or just wanting to be updated about potential job opportunities. By joining the Talent Network, you can be the first to know when a role fits your skill set.

While Próspera directly employs some individuals, the vast majority of jobs created within Próspera won't be from the organization directly, but from various private businesses and employers that are located in Próspera or internationally. Próspera's model for job creation is managing one of the most innovative legal and regulatory environments in the world to attract businesses providing high-quality jobs to Roatán.

How to apply:

The hiring process is straightforward. If you see a job listed in our current openings that fits your skills and interests, you can apply to the job directly.

Otherwise, you can submit your information here, and as jobs become available within the Próspera platform, we will use the information you provided to connect you with potential employers who are looking to hire candidates with your experience.



Where can I find the laws, regulations, statutes, rules, and publications of Próspera?

You can find all governmental publications at https://pzgps.hn.

What is a resolution?

Resolutions refer to the type of promulgation under Article 12 of the ZEDE Organic Law authorized by section 3.09(8)(d) of the Amended and Restated Charter and Bylaws of Prospera ZEDE. Resolutions govern the authorization, execution and administration of the corporate affairs and procedures of Próspera, including entry into binding contracts, implementation of the structure and services of governance, including the designation, management and direction of departments, committees, officers, agents and instrumentalities that are subordinate to the Technical Secretary, Próspera Council or Próspera Trust, the specific organization of registries authorized by Charter or Statute, as well as binding policies for the interpretation, administration and enforcement of Rules, and the establishment of fees are Rules with lawmaking attributes, but they are meant to provide binding rules for conducting the administration of the ZEDE or providing governance over matters that are primarily local in nature or internal to ZEDE prerogatives in their second order effects. An example is a resolution providing the policy level details of a statute that requires a minimum level of regulatory insurance to be obtained. They require the approval of a two-thirds majority of the whole of Council Trustees. The CAMP, the national ZEDE oversight body, has approved in advance the promulgation of Resolutions by the Technical Secretary by virtue of approving the promulgation of the Prospera Charter. A resolution goes into effect upon publication or pursuant to whatever effective date is specified in the Resolution. While CAMP does not reserve a disapproval authority expressly, it may nevertheless impliedly assert its disapproval authority under Article 11 of the ZEDE Organic Law unless the Charter provides otherwise, such as in the case of approving or disapproving the contents of Agreements of Coexistence. Resolutions are subordinate to Ordinances, Resolutions, Statutes and Charter provisions in the hierarchy of Rules.

What are Statutory Enactments?

Statutory enactments are statutes, which are a type of promulgation under Article 12 of the ZEDE Organic Law authorized by section 3.09(8)(a) of the Amended and Restated Charter and Bylaws of Prospera ZEDE. Statutes are Rules with lawmaking attributes; they are meant to set forth the generally applicable law for Próspera. Statutes also can encompass the same subject matter as Regulations and Resolutions, but usually establish governing policies that are clearly of maximal impact and breadth. They require the approval of a two-thirds majority of the whole of Council Trustees before being promulgated by the Technical Secretary. The CAMP, the national ZEDE oversight body, has approved in advance the promulgation of Statutes by virtue of approving the promulgation of the Prospera Charter, but the CAMP has retained a disapproval veto over Statutes after they are promulgated for 60 days after the Statute is presented to CAMP for review. If the disapproval veto is not exercised, the Statute goes into effect upon publication or pursuant to whatever effective date is specified in the Statute. Statutes are subordinate to Charter provisions, but are otherwise superior in the Rule hierarchy to any other type of Rule.

What are Regulations?

Regulation refers to the type of promulgation under Article 12 of the ZEDE Organic Law authorized by section 3.09(8)(b) of the Amended and Restated Charter and Bylaws of Prospera ZEDE. Regulations provide detail on how Statutes are to be administered and enforced. As such, Regulations are Rules with lawmaking attributes; they can encompass the same subject matter as Resolutions, but also can establish governing policies that are not necessarily characterized as local in nature or internal in their second order effects. They require the approval of a two-thirds majority of the whole of Council Trustees before being promulgated by the Technical Secretary. The CAMP, the national ZEDE oversight body, has approved in advance the promulgation of Regulations by virtue of approving the promulgation of the Prospera Charter, but the CAMP has expressly retained a disapproval veto over Regulations after they are promulgated for 15 days after the Regulation is presented to CAMP for review. If the disapproval veto is not exercised, the Regulation goes into effect upon publication or pursuant to whatever effective date is specified in the Regulation. Essentially, if the Council and Technical Secretary are considering whether to promulgate a Resolution or a Regulation, they look to the significance and potential public policy externalities of the rule in question; if it strikes the council and Technical Secretary that the public policy impact of the Rule is significantly more weighty and far-reaching than a Resolution, they will choose to frame the rule as a Regulation. They might also just want to ensure CAMP has a chance to provide input for comity and alignment of public policy objectives. Regulations are subordinate to Statutes and Charter provisions, and superior to Ordinances and Resolutions in the hierarchy of Rules.

What are Charter Amendments?

Charter Amendments refer to changes or modifications made to the Prospera Charter pursuant to section 11.08 of the Amended Charter and Bylaws of Próspera ZEDE. They are a promulgation authorized under Article 12 of the ZEDE organic law with foundational lawmaking attributes. Generally, they can encompass the same subject matter as Statutes, Regulations and Resolutions, but also can establish governing policies that are clearly of maximal impact and breadth; and are meant for organic rules that frame and underpin all other Rules. They require the approval of a two-thirds majority of the whole of Council Trustees before being promulgated by the Technical Secretary. They can also be proposed through referenda of Residents if referred by a two-thirds majority of the whole of Council Trustees. The CAMP, the national ZEDE oversight body, has approved in advance the promulgation of Charter Amendments by virtue of approving the promulgation of the Prospera Charter, but the CAMP has retained a disapproval veto over Charter Amendments after they are promulgated for 45 days after the Statute is presented to CAMP for review. If the disapproval veto is not exercised, the Charter Amendment goes into effect upon publication or pursuant to whatever effective date is specified in the Charter Amendment, although a transition period is required for referendum-originated Charter Amendments. Charter Amendments then become part of the Charter. These amendments must not cause Próspera to violate any legal stability agreement or Agreement of Coexistence it is a part of. If initiated through referendum, charter amendments should not significantly alter Article III and must relate to the subject matter covered by Article III as originally adopted. If the amendment proposed by referendum affects the method of selecting Council Trustees, the change may only apply to one council seat every seven years. Under section 3.09 of the Amended and Restated Charter and Bylaws of Prospera ZEDE, the Charter shall be superior to any Rule promulgated by Próspera; and where the promulgation of a Rule is the Charter, that Rule must be consistent with this Charter and the hierarchy among Rules to be legally effective.

What are Council Actions?

Council Actions are actions of the Próspera Council which do not constitute a Rule or a Charter Amendment, as contemplated by section 3.07(9) of the Amended and Restated Charter and Bylaws of Prospera ZEDE. Council Actions do not have the attributes of law. They are decisions or directions made by the Council of Trustees that are procedural, internal, or administrative in nature; like approving a public notice or imposing a parliamentary procedure on a hearing. They only require the approval of a simple majority of Council Trustees. Council Actions do not require publication to be effective, but Council Actions aimed at the replacement or suspension of the Technical Secretary under section 3.15 of the Amended and Restated Charter and Bylaws of Prospera ZEDE contemplate presentment to CAMP, with CAMP retaining disapproval veto power of the Council Action within 45 days after presentment.

What are Administrative Actions?

Administrative Actions are not Rules. Instead, they refer to published executive implementations initiated by the relevant administrative body of Prospera, such as the Prospera General Service Provider, the Technical Secretary, or the Roatan Financial Services Authority, to implement, interpret or enforce a Rule or arbitration award, such as through administrative directives or instructions. These actions can range from issuing a published policy statement regarding the administration of a registry, such as approving a form, an enforcement policy statement, a binding practice note, the publication of a Marketable Tax Credit offering, or the grant of an application for Special District organization. Administrative Actions are always subordinate to any Rule.

What are Public Notices?

Public notices include any notice of official action by a governing body of Prospera ZEDE. Principles of procedural due process and prudence determine whether and how public notices are given, if they are not specifically required by the governing Rule or Administrative Action.

What is the difference between the RCLC and the charter?

The charter refers to the Amended Charter and Bylaws of Próspera ZEDE, which is the first rule promulgated by the Technical Secretary of Próspera ZEDE pursuant to his authority under Article 12 of the ZEDE Organic Law and approved by CAMP pursuant to its authority under Article 11 of the ZEDE Organic Law. The charter is the organic law of Próspera ZEDE and functions as a sort of constitution for local governance. The RCLC (also known as the Roatan Common Law Code) is a Rule in the nature of a Statute later promulgated by the Technical Secretary under the charter and pursuant to his authority under Article 12 of the ZEDE Organic Law and approved by CAMP pursuant to its authority under Article 11 of the ZEDE Organic Law. It is subordinate in the heirarchy of Rules and laws applicable in Prospera ZEDE to the charter itself, and the provisions of the Honduran constitution and treaties that are applicable within Próspera ZEDE. The RCLC is a ULEX-inspired adaptation of portions of the restatements of American common law published by the American Law Institute, model entity laws published by the Uniform Law Commission and American Bar Association, and the common law of the State of Delaware (USA) where more specific provisions of the RCLC are not governing. The RCLC is the base legal code applicable in Próspera ZEDE.

Did this answer your question?