I will drop some information on how to get Prospera e-residency or physical residency. Please note, that there is a difference between e-residency and residency. Also it is important to note that Prospera is economic zone on the island of Roatan that belongs to Honduras. I will break down what benefits it might offer.
In general you can expect following. Below you will find information how to apply for Prospera e-residency and in second step we will look into Prospera physical residency. E-residency is simple to organize from your home. If you are more serious about finding the full time residency for yourself we will look into basics on how to apply for physical residency.
What is Prospera? Próspera is a special economic zone on the island of Roatan, Honduras which aims to be a world-leading environment for doing business. Developed from the ground up by entrepreneurs, for entrepreneurs.
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What Prospera e-residency offers :
Benefits
- You can buy, sell and own property in Prospera.
2. Physical access to Prospera for 180 days/year
3. Set up business and legal entities.
Costs
$130/year for e-residency charged by Prospera
Taxes
Individual income is taxed with 5%
Business income is taxed with 1%
Real estate is taxed with 5%
Cons
Tax residency
With an e-residency you can stay in Prospera for 180 days/year. This means that if you live in only one other country besides Prospera (the rest of the 185 days/year), you are a tax resident of that country. It also depends on where your centre of interest is.
Prospera is part of Honduras
Prospera is an economic zone that forms part of the island of Roatan, which belongs to Honduras. Although Prospera has a sovereignty treaty with Honduras for the next 50 years or so, it is important to have in mind that it could hypothetically bring some risk into the equation. On the other hand Prospera is open to innovation-friendly legal environment and simplified tax rules. This might have a sense for many start-ups and get rid of the non-sense regulations in other parts of the world.
What Prospera physical residency offers :
Full living in Prospera
Benefits of physical residency are same as for e-residency but enhanced by the fact that you live in Prospera full time (all year).
Costs
Costs for non-honduras citizens are $1300/year and for Honduras citizens $260/year to have a physical residency in Prospera on the island of Roatan.
Conclusion
Residency in Prospera (Roatan) may make sense for some. It is an easy option to obtain another residency. In the case of e-residency it is important to know that it has its own limits and is not a physical residence. It is definitely a solution to have physical residence in Prospera for those who want to live all year round in Prospera and participate in the creation of interesting start-ups. If you are looking for a Plan B I can see this option as a good solution for a Plan B of a Plan B. I honestly believe that residency in Paraguay is a better long term option as a primary plan and this solution can be great as a secondary plan (if your primary focus is not specifically Prospera full time living/business).
You can fill out the e-Residency application here directly on the e-prospera website.