Vitalia is building a decentralized city dedicated to advancing longevity innovations.
Próspera ZEDE, situated on the island of Roatán, is a special economic zone designed to promote economic growth and job creation.
Vitalia’s goal is to make death optional. This can entail health treatments, medical drugs, and scientific experiments. As this may entail risks, they’re subject to regulations (anywhere in the world).
While Próspera has a less prescriptive approach, hazardous activities are regulated in Próspera as well, and it’s important to understand them.
Common law is the basis of the legal system in Próspera. Moreover, Próspera remains an integral part of Honduras, adhering to the country's constitution, international treaties, and the Honduran criminal code.
It’s important to keep this in mind and consider the legal landscape as we go through Vitalia.
Here, we outline five straightforward rules to simplify compliance (click each to toggle).
The prohibition of illegal substances is non-negotiable, as it is mandated by Honduran criminal law.
- Ley sobre uso Indebido y Tráfico Ilícito de Drogas y Sustancias Psicotrópicas (Law on Wrong Use and Illicit Trafficking of Drugs and Psychotropic Substances)
- Reglamento De La Ley Del Instituto Hondureño Para La Prevención Del Alcoholismo, Drogadicción Y Farmacodependencia (IHADFA) (Regulations of the Law of the Honduran Institute for the Prevention of Alcoholism, Drug Addiction and Drug Dependence (IHADFA))
- Código Penal (Penal Code)
If an activity has the potential for hazard, it's likely to be regulated. This is a more strict criterion for regulation than elsewhere. Healthcare software, for instance, are not regulated. Medical experimentation or the introduction of substances into or treatments of the human body falls under regulated activities.
To do business that involves regulated activities, you will need to register it and get regulatory insurance.
This is not an optional step, it is a mandatory requirement set by Próspera's rules and regulations. Regulatory insurance serves as a legal safeguard, ensuring that both your business and anyone involved in regulated activities are adequately covered.
Not securing regulatory insurance can result in severe penalties, often triple the liability linked to the activity. Hence, it's crucial to understand your project's nature and register your business entity for compliance assurance.
The registration process for you to become an entity inside of Próspera is very simple and you can do it online.
✓ Go to eprospera.hn – explore what Próspera has to offer and register. (Note: you need to become a resident of Próspera to register your business.)
Prioritizing this step is crucial, as it safeguards your business and enhances the overall safety and security of Próspera.
In Próspera, we support ethical innovation that might be challenging or even illegal elsewhere. However, ethics has gray areas.
Presumption – Our approach involves starting with less controversial ideas and gradually pushing boundaries towards acceptance. It's about beginning with ideas and innovations that are more widely accepted, like advancements in stem cells, gene therapy, or peptides. These are areas that many people agree are overregulated, and it would be better to have a more permissive approach. Things like these are a good starting point.
Gradual Innovation – We encourage you to explore ideas that don’t yet have wide acceptance. However, focusing on areas that can eventually gain mainstream acceptance is wise to do. This ethical strategy aligns with our values and expands your market potential.
This is about how we present ourselves to the world. Our approach is characterized by boldness without secrecy, combined with rigorous reason.
We advocate for changes in medical regulation and innovation through research and logic. At the same time, recognizing that not everything beyond Próspera or the beliefs within the longevity community is wrong.
We welcome collaboration and constructive criticism, even from those who disagree. We emphasize transparency, ethical conduct, and reason. Our goal is to set a higher standard in our field through rational discussions, even in the face of irrationality.
Industries such as gambling, prostitution, and substance use are prohibited. Próspera and Vitalia recognize the importance of maintaining synergy with the (at times conservative) values that are practiced within Honduras. While many of us don’t consider vice industries as necessarily impermissible from an ethical point of view, we adopt a pragmatic standpoint. Vice industries, at the present moment, do not align with the community spirit and reputation we seek to establish.
In conclusion, legal compliance is a fundamental aspect of Vitalia's mission within Próspera. As we strive to create a decentralized city focused on longevity, we must operate within the boundaries of the law.
Our dedication to these regulations not only aligns with Próspera's vision as a health innovation hub but also demonstrates our respect for our host country's laws. While Honduras is permissive in the healthcare and biotech sectors, it still imposes vital regulations that demand our compliance.
Remember: this is not the wild west; it’s a rule-of-law environment.
Our responsibility is to abide by the laws applicable within Próspera. This legal system provides a strong foundation for our mission while emphasizing the importance of responsible freedom. By adhering to these rules, we aim to create a sustainable health innovation hub that advances our goals and respects the laws and values of our host country, Honduras.
When in doubt, please ask for help to gain clarification and an evaluation of the best approach to ensure compliance with legal aspects.