Hi, I'm Trey Goff, Chief of Staff at Honduras Prospera, a private semi-autonomous new city project in Honduras. We have worked with the Honduran government to create the world's most advanced special economic zone, focused on catalyzing prosperity and improving lives.
As humanity continues to grow more urbanized, a more dynamic form of political organization will be required. Our long term goal is to catalyze this change, to create a world in which governments compete for residents and where residents voluntarily and easily choose their governance.
In Honduras, we are launching our very first prosperity hub on the island of Roatan.
A few key behind our implementation:
- There is a yearly membership fee, $260/year for Hondurans, $1300/year for foreigners.
- Próspera's charter does not allow income taxes to exceed 10%.
- Total taxes may never exceed 7.5% of GDP, and total debt may not exceed 20% of GDP.
- 12% taxes go to Honduras, 44% go to the General Service Provider (GSP) which subcontracts the provision of public services like water, power, waste management, etc., and 44% go to the municipal government to handle whatever services cannot be contracted out.
- You may choose your own regulations with respect to housing, medicine, etc. from a list of Best Practice Peer Countries (a list of countries with reasonably good governance), for example iIf you're a doctor you may decide to operate under Norwegian law. If you can't find a country whose regulations you like, you can either opt to operate under Próspera's 3,500 page Common Law legal code with 3x liability for damages and other harsh penalties for causing harm, or create your own regulatory system by petitioning the Próspera Council to adopt a new regulatory option for everyone in your industry to use.
- Prospera will be governed by a council of nine people, five democratically elected and four appointed by Honduras Prospera Inc. (the private company building Próspera). A 66% council majority is needed to pass laws.
- Once Próspera gets to 100,000 residents, they may change anything about the charter with a 51% majority vote.
- At scale, any council action can be veto'd by snap referenda immediately after the passage of the council action, but referenda cannot create new legislation, only veto recently created legislation.
Our progress so far:
- The Honduras Próspera ZEDE (special economic zone) has been approved by the government of Honduras.
- Currently Próspera owns 58 acres of land on the island of Roatan off the Northern coast of Honduras, and has purchase options on hundreds of acres more.
- Prospera expects 10,000 residents by 2025.
- Prospera has launched an e-residency platform based on and implemented by the leader of the Estonian e-residency project.
If you'd like to learn more, you may be interested in this Bloomberg article or this review by Scott Alexander.
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