Próspera partners with governments like Honduras to promote and operate Economic Development Hubs - similar to Special Economic Zones (SEZ). These hubs are integrated with local communities and have semi-autonomous governance and regulation.
With a common law legal framework, familiar and flexible regulations, a bill of rights, low taxation, and protections for the environment, Próspera enables entrepreneurs to solve problems structurally and responsibly for the people of Honduras and the rest of the world.
As part of the Próspera ZEDE, you are not required to pay taxes to the Honduran government for income earned in the ZEDE. In its place, Próspera offers low and fair tax levels, as well as economically efficient tax methodologies for operating firms. Próspera’s tax code is as follows:
What is it like working in the Próspera ZEDE?
Próspera is striving to be the best place to work, live, and play. Broaden your horizons with top-notch job opportunities and work in a place that’s walking distance from the beach. Live comfortably knowing Próspera is kept safe and secure by its own police and private security. Have trust in good governance and Próspera’s quick and fair arbitration center. Próspera is working to achieve world class schools, healthcare, and infrastructure on the beautiful island of Roatán. Come be a pioneer with us, join our community, and see what Próspera has to offer.
How are labor laws different on the Próspera Platform?
Próspera has adopted a best-practices framework for labor law, which draws inspiration from leading jurisdictions as well as the Honduran national government’s labor laws. According to the Próspera Labor Statute, PZ’s labor regulations are as follows:
01.Próspera Labor Premium. Covered Employees must be paid at least 25% more than the Honduran national minimum wage for each industry. USD is the default currency of employee compensation in the region.
02. Próspera Labor Benefit Fund. Every employee will have a trust account called the Próspera Labor Benefit Fund, initially established by their first employer, which belongs to the employee and travels with them. Each employer for whom they work must contribute at least 10% of the gross compensation paid for work performed in Próspera to each qualifying Employee in the immediately preceding quarter, which the employee can use for retirement, healthcare needs, education needs, legal needs, emergency housing needs, or situations of emergency economic hardship.
03.Próspera Overtime Requirement. Covered Employees must be paid 125% overtime pay when the employees work in excess of 48 hours a week or 6 days a week.
04.Marketable Tax Credit Eligibility. Employers can apply for a grant of Marketable Tax Credits (MTCs) for the aggregate amount they paid towards the Próspera Labor Premium, Próspera Labor Benefit, and Próspera Overtime Requirement in any previous tax year when offerings of such MTCs are made.
05.Labor Unions. Employees are free to form labor unions and participate in strikes; but such freedom includes the responsibility to respect peace, order, and property rights.
06.Right to Work. Contracts which restrict employment opportunities to only associates of a Labor Union are presumptively unenforceable.
07.Exemptions. Immediate family members of the employer, natural persons in substantial ownership of the firm, interns, entry level hires (that is, people with no previous work experience in the industry), and small business hires (that is, people employed by firms with fewer than 10 full time employees or annual gross revenue less than $1,000,000).
Do I need to become an eResident to hire someone remotely?
No. We can handle all of your labor needs without you having to worry about the regulatory environment.
Will I need to abide by Honduran labor laws?
The Próspera Platform has distinct labor laws from Honduras making it extremely simple to hire Próspera employees. Próspera Employment Solutions takes this a step further by handling all of the regulations and HR management for your teammate, making it frictionless to lease Próspera employees.
03. Future Employees
Do I need to become a ZEDE resident to work within Próspera?
Yes. For our employees to fully benefit from the Próspera ZEDE regulations, all of our employees must be residents. Before any employment contracts can be signed, you must go through the (e)Residency process.
What is the cost of becoming a ZEDE resident?
For eResidents, the cost is $130 per year. For physical residents, the cost is $260 per year for Hondurans and $1300 per year for foreigners. There is required insurance for physical residents which can be no more than $260 per year. Generally, your employer you will reimburse your first year's residency expense.
Do I need to live in the ZEDE?
You are not required to live within the ZEDE, but you are required to perform your work within the ZEDE to benefit from the unique regulations of the Próspera Platform, including low taxes and superior government services. Próspera Employment Solutions' office is in the heart of the Próspera ZEDE, walking distance from the beach.
What is the Talent Network?
The Talent Network collects top-talent candidates in Honduras and makes them immediately available to employers working with Próspera Employment Solutions. Our Talent Network is open to anyone currently searching for a job, looking to make a career change, or just wanting to be updated about potential job opportunities. By joining our Talent Network, you can be the first to know when a role fits your skill set.
Am I required to be fluent in English?
You are not required to be fluent in English, but it may limit the opportunities available to you through Próspera Employment Solutions. Most of our customers require their employees to be fluent in English.
How long will my contract last?
The length of your contract will depend on the customer. Typically, contracts last for 1 year and are renewed annually. These terms will be determined before you sign a contract with your employer.
Will I be provided working equipment?
Yes. The equipment required for you to be successful will be provided to you. This typically includes an office space and computer hardware.
Would I have career-growth opportunities?
Próspera Employment Solutions strives to find jobs that will challenge you, develop your skills, utilize your expertise, and provide meaning. However, while our goal is to enable all of our employees to reach their full potential, you drive your own career growth. If you work hard and impress your employer, you'll have plenty of opportunities for growth. Additionally, as better opportunities arise, we look within our network of employees to elevate those who are doing an exceptional job.