Prospera
= "a private city and special economic zone on the island of Roatán in the Central American state of Honduras. The city is an autonomous zone with private government and its own fiscal, regulatory and legal architecture". [1]
URL = https://prospera.hn/
Description
From the Wikipedia:
"Próspera is a private city and special economic zone on the island of Roatán in the Central American state of Honduras. The city is an autonomous zone with private government and its own fiscal, regulatory and legal architecture.
Próspera is a semi-autonomous city established under Honduran ZEDE laws, inspired by the concept of charter cities and cities such as Hong Kong, Singapore and Dubai. Through low taxes, privatised government, and social services and self-regulation, the city hopes to drive economic development and innovation that the city argues would not occur under normal government frameworks.
Under the Honduran ZEDE law, Próspera has its own civil law and regulatory structure, independent of that of Honduras. However, ZEDEs remain bound by the Honduran constitution and its criminal law code.
The project is managed by Honduras Próspera Inc. The company is financed by several investors and venture capital firms, including Peter Thiel and Marc Andreessen, through the venture capital company Pronomos Capital."
(https://en.wikipedia.org/wiki/Pr%C3%B3spera)
Status
By LAURIE CLARKE:
"The future of a crypto-libertarian city project in Honduras called Próspera has been flung into doubt. Controversial legislation passed by the Honduran government in 2013 allowed corporations to set up special economic zones with their own laws, regulation, courts, police forces, and schools. Próspera’s founders seized the opportunity to set up a low-tax, fully privatized city-state focused on financial, technological, and medical innovation.
But on April 21, the newly-elected Honduran congress voted unanimously to repeal the law and the constitutional amendment undergirding it, leaving the existing zones — known as ZEDEs or Zones for Employment and Economic Development — in legal limbo."
(https://restofworld.org/2022/crypto-libertarian-prospera-lost-legal-battle-honduras/)