Sunday, July 09, 2023

Prospera: A Private Libertarian City in Honduras

Recommendable! An effort to create a Hong Kong or Singapore in Central America! It began in 2021.

"... "The concept of free private cities and charter cities, specifically what Próspera is trying to do, is the most transformative project in the world," says Bomgar. "There's not a big financial hub in Central America. There's not a sort of Singapore of Central America right now. And so that's what we're trying to create." ...
On the island of Roatán, a tourist hub with a land mass similar to Hong Kong, a group of libertarian entrepreneurs ... are trying to build a country within a country that's free of the dysfunction that hobbles the national government. And they're starting with a clean slate.
Próspera is based on the principle of true voluntarism, they say: All who live and work there have opted into the rules that govern the land, and they can change their minds and opt out at any time. ...
Próspera has so much autonomy thanks to a 2013 law authorizing Zones for Economic Development and Employment, or ZEDEs.
ZEDEs don't merely have favorable business and labor regulations, like China's Shenzhen. They make their own laws and regulations. Próspera created its own zoning code and levies its own taxes. Only the country's criminal laws still apply.
To become a full-time resident of Próspera, you just fill out an online application and pay a $1,300 fee, though Honduran nationals get an 80 percent discount. In lieu of a court system, they have access to the Próspera Arbitration Center to resolve any civil disputes, or they can opt for a different arbiter. ..."

A Private Libertarian City in Honduras Próspera Inc. is creating a voluntary free market mini-state inside one of Latin America's poorest nations.

Prospera: Build New Cities. Maximize Human Prosperity. Próspera is for builders, pioneers, and risk-takers who believe in the boundless potential of human achievement and choose to build the future we want.
Our platform powers the development of new cities in special economic zones that maximize generalized prosperity and wealth creation.

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