Libertarian island where any biotech product can be bought, just sign a waiver
Próspera is a private city in Honduras with its own regulations, aiming for economic growth through low taxes. It recognizes Bitcoin as legal tender and faces legal and social challenges.
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Próspera is a private city and special economic zone located on Roatán Island in Honduras, established under the Honduran Zone for Employment and Economic Development (ZEDE) laws. It operates as an autonomous zone with its own legal and regulatory framework, aiming to foster economic growth through low taxes and privatized services. The project is managed by Honduras Próspera Inc., backed by venture capitalists including notable figures like Peter Thiel and Balaji Srinivasan. Residents can apply for "e-residency" to benefit from the local tax structure, and Bitcoin is recognized as legal tender. The city is governed by a council with a mix of elected and appointed members, where Honduras Próspera Inc. holds veto power. The ZEDE concept was initially proposed by economist Paul Romer and faced legal challenges, including a repeal of enabling legislation by President Xiomara Castro in 2022, which led to a lawsuit from Próspera Inc. for damages. Despite these challenges, as of 2024, Próspera remains operational, although it has faced criticism from local residents concerned about land expropriation and the implications of its governance model.
- Próspera is a private city in Honduras with its own regulatory framework.
- It aims to attract investment through low taxes and privatized services.
- The project is backed by prominent venture capitalists and recognizes Bitcoin as legal tender.
- Governance includes a council with a mix of elected and appointed members, with a veto held by Honduras Próspera Inc.
- The city faces legal and social challenges, including a significant lawsuit against the Honduran government.
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