The Generalist

How Do You Build a New Singapore? Inside Próspera’s Bet on Private Governance (Erick Brimen, Founder & CEO)

Nov 11, 2025
Erick Brimen, founder and CEO of Próspera, discusses his ambitious project to create a private charter city in Honduras. He shares how his upbringing in Venezuela shaped his views on governance. The conversation dives into innovative governance models inspired by successful cities like Dubai and Singapore. Brimen emphasizes the importance of dynamic regulations for attracting industries like biotech and crypto. He also addresses the political challenges faced by Próspera and the protective measures in place, including international arbitration.
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ADVICE

Sell The Idea To Governments First

  • Sell the governance product to governments by aligning with their objectives and offering political feasibility.
  • Use special economic zones and legislative processes to create replicable charter-city frameworks.
INSIGHT

ZEDE: Process Over Prescription

  • Honduras' ZEDE law created a process to let zones adopt different legal/regulatory systems via a commission instead of a central prescription.
  • That process enabled Prospera to co-create an international best-practice governance stack for a zone.
ADVICE

Design Profit Incentives Into Governance

  • Align private operators' profit motive with governance outcomes by charging a capped percentage of GDP for services.
  • Keep operations lean and incentivize attracting capital so small tax rates produce meaningful revenue.
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