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Technology 29 Mar 2021 | 5:30 PM

A private tech city opens for business in Honduras

Próspera is the first project to gain approval from Honduras to start a privately governed charter city, under a national programme started in 2013. It has its own constitution of sorts and a 3,500-page legal code with frameworks for political representation and the resolution of legal disputes, as well as minimum wage (higher than Honduras’s) and income taxes (lower in most cases).