Myths vs Facts FAQ
A compiled list of common myths vs facts about Próspera.
Land Acquisition and Development
Myth
Próspera is extracting land resources from Honduras
Fact
All land within the Próspera's jurisdiction has been acquired through voluntary transactions, with no use of expropriation. Próspera is forbidden, by charter, from accepting any land that has been expropriated. Our goal is to stimulate socioeconomic development and create opportunities in Honduras. We've invested over $100 million to replicate successful economic models like Dubai International Financial Center and Hong Kong.
Employment and Opportunities
Myth
Próspera is only for wealthy Westerners
Fact
By charter, 90% of employees in Próspera ZEDE must be Hondurans. Próspera has created over 3,400 local Honduran jobs. We offer salaries at least 25% above the national minimum wage, with the median reported salary in 2023 being $1,582/month. Próspera is also developing affordable housing, which is especially well-suited for local Hondurans.
Benefits for Honduras
Myth
Honduras has nothing to gain from this
Fact
Próspera brings substantial benefits to Honduras:
- Hundreds of millions in foreign investment, which has already led to thousands of well-paying jobs with the potential of 10s of thousands to hundreds of thousands.
- One of the strongest systemic guarantees of human rights in the world.
- Revenue sharing agreement with the Honduran government, contributing directly to national development. Prospera develops raw land, earning almost nothing for the Honduran economy, into robust economies sharing the revenue generated with the Honduran government.
Legal Framework and Security
Myth
Próspera fosters anarchy
Fact
Próspera operates under a robust legal framework based on US Common Law and includes:
- Full compliance with Honduran criminal law.
- Employment of Honduran nationals as security officers.
- Strong arbitration center with justices from US state-level supreme courts.
- Some of the strongest human rights protections in the world.
- Strong Constitution incorporating the U.S. Bill of Rights and additional citizen protections.
Business Accountability
Myth
Dangerous businesses in Prospera can operate without any accountability
Fact
Próspera prioritizes safety and accountability:
- Framework for Regulated Industries requires businesses to have full insurance coverage.
- Insurance requirements incentivize legitimate and professional business practices, since Insurers will only underwrite business activities where they aren't liable for potential high damages.
Legal Foundations
Myth
Próspera was founded on illegitimate grounds
Fact
Próspera's legal foundation is solid:
- ZEDE law passed with a 78% vote by the Honduran Congress in 2013, and was later ratified by the Supreme Court.
- Operates in full compliance with Honduran and international law.
Environmental Protection
Myth
Próspera lacks environmental protection regulations
Fact
Próspera is committed to environmental stewardship:
- Strong environmental protections are in place, including the Coral Reef Protection Statute and Hazard Precaution Statute.
- One unique aspect of Próspera's environmental protections is that they can be enforced by all Residents, not just governmental agencies, which leads to a high accountability threshold.
Tax Environment
Myth
Is Próspera a tax haven?
Fact
No, Próspera has complete transparency. All official deliberations (see, e.g. here), rules, and regulations are publicly accessible, and Council meetings are broadcast online. Próspera operates openly, allowing residents to participate in governance. Visit our public records here.
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