As we move into the Spring, we wanted to provide you with an update on Próspera's progress. This update includes the latest news from Próspera, updates on some of our key projects, and opportunities for you to participate in our mission of maximizing human prosperity!
Growth in 2023
2023 was a big year for Próspera! We saw substantial growth in residents, businesses, and governance revenues across the board. Over the course of the year, we saw a 60% increase in registered businesses, a 156% increase in governance revenues, and a 248% increase in new residents. These trends continue to accelerate, driven by some of the following developments.
Since completing the full acquisition and activation of the Pristine Bay Resort late last year, we have made significant progress improving operations and welcoming new guests to the property.
We've hosted events for Reason Foundation, corporate retreats for companies like Bitrefill, summits for Latin American entrepreneurs, and a two-month popup city with Vitalia.
This has translated into increased bookings, with most of the property’s rooms booked up through Q1 of this year. Construction is currently underway to expand the Las Verandas hotel, which will double its capacity to cater to this growing demand. Additionally, we welcomed the opening of Pete's Place: a beginner-friendly recreational driving range and a great new amenity for residents and visitors.
Since acquiring these properties, we've successfully generated new activity, and our resort operations are trending towards break-even, with cash-flow positivity anticipated later this year.
If your business or organization is interested in hosting an event in Próspera, Pristine Bay's experienced team can provide all-inclusive packages to host your next gathering in Roatán. Tell us about your event here to receive a customized quote!
Development continues on Duna Residences, our next flagship project that will deliver over 80 residential units. More than half of these residences have already been pre-sold. The building is scheduled for completion in the coming weeks.
The 14-story tower is the tallest building on Roatán and includes 5 floors of mixed-use commercial and retail space. There are several residential units available for purchase, learn more about availability and pricing here.
Members of the City Builders Network have created a new private financing option for buyers. Register your interest here to learn more about financing. Please note that this is a third-party, private financing program and is not being offered by Honduras Próspera Inc. or Apolo Group.
Duna Residences
We have partnered with Nomad Nation to acquire property for the construction of a housing development in Próspera. NOMAD's co-living villages provide state-of-the-art residential communities with co-living and co-working amenities, designed specifically for remote workers.
The company selected Próspera for their international expansion, and the community will be their first development in Latin America. Nomad's village will include up to 20 residential units with shared amenity spaces and breaks ground this Summer.
Próspera Hosts Vitalia
We partnered with Infinita Fund and Vita DAO to host Vitalia, a two-month pop-up city event focused on biotech and longevity research. Since January, Vitalia has welcomed over 500 community members to Próspera.
The event attracted the attention of key influencers in the charter city space like Balajis Srinivasan and Naval Ravikant, as well as longevity influencers like Bryan Johnson and Aubrey de Grey. They all attended in person and shared very positive feedback on what we are building. Vitalia also received a shout-out from influencer Scott Adams.
Vitalia started as a temporary pop-up city and was a raging success. Now, it’s becoming a permanent district within Próspera. Vitalia is focused on accelerating longevity companies, supported by crypto, healthcare, hardware, software and pro-technology community. Vitalia's goal is to have 200 semi-permanent residents by the end of the year!
Vitalia will host events for visitors in April and May, with special promotions available for visitors that provide access to residency, lodging, and events with world-leading speakers. Click below to learn how you can join this community and experience Vitalia!
Vitalia is hosting a Safe Harbor Summit in Próspera April 26 - 28. The event will explore Legal Engineering for a Bio-Crypto Future. The event features speakers, workshops, a pitch competition, and hackathon.
Sessions include an Introduction to Legal Engineering, Web 3 Dispute Resolution Platforms, Tokenization of Assets, Innovative Jurisdictions, and more. Over a dozen speakers will be in attendance, including:
Dr. Wulf Kaal, University of St. Thomas Law School, DEVxDAO
Próspera ZEDE continues to operate and grow under Honduran Constitutional protections and international legal stability agreements, although political risk remains omnipresent. We received positive news when the Honduran Congress did not move forward with ratifying the repeal of the ZEDE Constitutional Provisions by October 31, 2023, which leading Honduran legal scholars regarded as the deadline. While the Honduran Congress took the initial vote to start the process to amend the Honduran Constitution to repeal the ZEDE Constitutional Provisions in 2022, the required second vote to ratify the repeal amendment did not take place prior to the deadline due to a lack of political support. While this change would not have lawfully impacted Próspera under established legal doctrines, this was a positive development for the future of ZEDEs in Honduras.
Our legal stability team remains engaged with Honduran and American stakeholders, is making the case for respecting the rule of law as it protects ZEDEs, and is closely monitoring developments here. We continue seeking a dialogue with the current administration to find a win-win solution for Honduras.
Deloitte recently published a legal update affirming the legal stability of Próspera ZEDe in Honduras. For more background here, check out this recent interview with Honduras Próspera Inc. General Counsel Nick Dranias on Secure Free Society.
In The News
Business Insider: The 15-minute video covers Próspera's approach to private governance, interviews with members of the local community and Próspera's team. While the reporting does include some inaccuracies about the significant transparency provisions inherent to the Próspera ZEDE and the widespread support for Próspera's mission among locals, it provides an otherwise fairly balanced perspective along with some stunning footage of the development progress locally.
Marginal Revolution: Alex Tabarrok recently visited Roatán and shared a podcast discussion with Vitalia Co-Founder Niklas Anzinger and Próspera CEO and Founder Erick Brimen.
Network State Conference: Próspera was featured at The Network State Conference in Amsterdam in November, where Founder Erick Brimen presented our vision and the progress we have made to date. The event was attended by 10,000+ online and in-person attendees in the startup city space. It was clear from the presentation that Próspera is the clear leader in this space, as we have something that no one else has achieved yet – a real jurisdiction with real autonomy that is serving real people in the real world, right now!
We're Hiring!
Chief of Staff: The Chief of Staff to the CEO will play a critical role in enhancing the effectiveness of our CEO and, by extension, our organization. This position encompasses a mix of strategic planning, project management, and operational oversight.
Legal Secretary: Are you an expert at legal support? This is your chance! We're looking for a proactive professional with 5+ years of experience, and fluency in English and Spanish (French is a plus!). You'll manage calendars, legal documents, and more in a dynamic environment.
Real Estate Manager: We are currently seeking a highly motivated and experienced professional to join our team as the Manager of Real Estate Operations. The ideal candidate will have a strong background in managing a variety of properties, from single-family houses to mixed-use commercial and residential towers in Honduras or Central America.
The Próspera City Builders Network
We launched the City Builders Network one year ago, and since that time the community has evolved and grown to welcome hundreds of new builders.
Our vision to foster a network of Próspera pioneers that are focused on constructing the next generation of cities, encouraging innovation, and transforming landscapes is becoming a reality. We would love for you to be a part of our movement!
The City Builders Network is not just building Próspera’s first city, we are creating a new methodology for building cities. For the first time, a city is being constructed through decentralized entrepreneurial endeavors. That means that no matter where you are located, or what your background or skillset is, you can contribute to the needs of a growing city and directly benefit from the upside.
Our latest project is for the creation of a Próspera Visitor Center. We are seeking a dynamic and entrepreneurial individual or team to create and operate a Visitor Center in Roatán, Honduras to serve as the initial point of contact for guests exploring Próspera for the first time. Learn more about this project and how to participate here!
We invite you to join this growing community of builders! Anyone can create a free login to join the Network, and Próspera eResidents receive early access to project, bounties, and Resident-only spaces.
Your involvement is key to our shared success as we continue to pioneer a future of prosperity and innovation.
Thank you for your support and commitment to our shared vision of maximizing human prosperity.
LEGAL DISCLAIMERS: THIS EMAIL IS NOT INTENDED TO CONSTITUTE A BINDING OFFER OF ANY KIND. THE UNDERLYING INVESTMENT OPPORTUNITY IS NOT, HAS NOT BEEN, AND WILL NOT BE A PUBLIC OFFERING OR A REGISTERED OFFERING IN ANY JURISDICTION; IT IS, HAS BEEN, AND WILL BE SOLELY A PRIVATE PLACEMENT IN THE UNITED STATES OF AMERICA PURSUANT TO SECTION 4(A)(2) OF THE U.S. SECURITIES ACT OF 1933. AS SUCH, THE INVESTMENT OPPORTUNITY HAS BEEN AND WILL BE DIRECTED TO AND IS INTENDED TO BE CONSIDERED ONLY BY INDIVIDUALS WHO WOULD QUALIFY AS “ACCREDITED INVESTORS” OR ENTITIES CONTROLLED BY INDIVIDUALS WHO WOULD BE DEEMED “ACCREDITED INVESTORS,” AS SUCH TERM IS DEFINED IN RULE 501 OF REGULATION D OF THE U.S. SECURITIES ACT OF 1933, AS AMENDED. THIS EMAIL CONTAINS “FORWARD-LOOKING STATEMENTS”, WHICH CAN BE IDENTIFIED BY THE USE OF FORWARD-LOOKING TERMINOLOGY SUCH AS “MAY”, “WILL”, “SEEK”, “SHOULD”, “EXPECT”, “ANTICIPATE”, “PROJECT”, “ESTIMATE”, “INTEND”, “CONTINUE” OR “BELIEVE” OR THE NEGATIVES THEREOF OR OTHER VARIATIONS THEREON OR COMPARABLE TERMINOLOGY, OR BY SPECIFICATION OF ANTICIPATED REVENUES AND RATES OF RETURN. DUE TO THE VARIOUS RISKS AND UNCERTAINTIES, ACTUAL EVENTS OR RESULTS OR THE ACTUAL PERFORMANCE OF THE UNDERLYING INVESTMENT OPPORTUNITY MAY DIFFER MATERIALLY FROM THOSE REFLECTED OR CONTEMPLATED IN SUCH FORWARD-LOOKING STATEMENTS. HONDURAS PROSPERA INC. AND ITS AFFILIATES ARE NOT WARRANTING OR ASSURING ANYONE THAT THEY WILL BE ABLE TO SUCCESSFULLY IMPLEMENT ANY OF THEIR CURRENT PLANS, OR THAT ACTUAL FUTURE PLANS AND PERFORMANCE WILL FULFILL OR MATCH PRESENT EXPECTATIONS. YOU SHOULD NOT BASE ANY INVESTMENT DECISION IN RELIANCE UPON ANY STATEMENT CONTAINED IN THIS EMAIL.
Legal Stability Disclosure and Disclaimer. The Honduran National Congress purported to adopt certain Decrees (Nos. 32-2022 and 33-2022) to repeal the ZEDE constitutional amendments and organic law originally enacted in 2013 and 2014 respectively, with the ratification of the purported repeal of the ZEDE constitutional amendments scheduled for the 2023 session of the Honduran National Congress (the “Decrees”). The Decrees heighten risks of legal instability, adverse judicial or arbitration determinations, political instability, violence, property damage, expropriation, and treaty violations with respect to residences, business operations, regulatory and tax authority, contracts, and property ownership within Próspera ZEDE (the “Risks”). Honduras Próspera Inc., St. John’s Bay Development Company LLC, and Próspera Arbitration Center LLC (the “HPI & Affiliates”) have retained legal counsel to determine the most appropriate manner of responding to the Decrees and the Risks, which has included filing a Request for Arbitration with the International Centre for Settlement of Investment Disputes (“RFA”), among other measures. HPI & Affiliates have adopted the position that the Decrees cannot be lawfully applied to existing ZEDEs, such as Próspera ZEDE, under international and Honduran domestic law, through at least January 2064. However, various Honduran public officials and agencies have articulated or acted on the position that the Decrees apply to Próspera ZEDE. Such conduct has been alleged in the RFA to constitute illegal and expropriative conduct. Nevertheless, to the extent practicable, HPI & Affiliates intend to pursue the core vision of their respective business models in Próspera ZEDE as originally guaranteed under the ZEDE constitutional amendments and organic law. In so doing, HPI & Affiliates reserve the right to adopt a wide spectrum of risk mitigation countermeasures in their reasonable business judgment and without intended third party beneficiaries. There is no guarantee that any of these countermeasures will prove to be successful in substantially preserving the rights and privileges to which HPI & Affiliates are entitled, including the legal stability of Próspera ZEDE, or in materially mitigating the Risks. Accordingly, any continued reliance upon the legal stability, continued existence, and authority of Próspera ZEDE as contemplated in the ZEDE constitutional amendments and organic law entails the knowing and voluntary assumption of all risks of loss associated with, arising from, or related to the Risks and Decrees, excluding and without prejudice to any cause of action, claim or defense addressing, relating to, or arising from the Decrees or the Risks to the extent such remedy or defense is directed to the Government of the Republic of Honduras, its agencies, political subdivisions, and public officials, for enacting the Decrees or actualizing the Risks. Further, because of the Risks and the Decrees, the doctrines of force majeure, impossibility, and impracticability may excuse performance of otherwise binding obligations which are premised on the legal stability of Próspera ZEDE. Furthermore, HPI & Affiliates disclaim any and all responsibility or liability associated with, arising from, or relating to the Risks and the Decrees. Finally, relevant liability limits have been established by the Próspera Liability Shield Resolution, §5-1-183-0-0-0-1, et seq., approved (e)Resident Agreements of Coexistence, §5-1-180-0-0-0-1, and the Próspera Amended and Restated Charter, §1-1-36-0-0-0-0-1.01, et seq., all available at https://pzgps.hn/all-publications/. Independent legal counsel should be consulted in regard to the implications of this disclosure and disclaimer.
