The Expat Money Show - With Mikkel Thorup

278: What's It Like To Live In A Free Private City? - Alex Ugorji


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Alex Ugorji is an entrepreneur and educator interested in prosperity zones, breakaway civilizations, and disruptive technologies.
He started the Crypto Frontier, an intentional crypto community in Saipan, and co-founded a blockchain software company RaiPay. He is also the co-founder of Nakamoto Financial, a consulting and financial technology company.
After realizing that his dreams of disruption could not be realized in the United States, he moved to Ciudad Morazán in Honduras to become one of the first-ever residents of this free private city, where he currently works as a consultant, community manager, and fellow Free Cities Ambassador.
 
TODAY'S CONVERSATION WITH ALEX UGORJI
  • Listen in to Alex’s backstory of how his interest in cryptocurrencies and the ‘frontier of money” led him to first to Saipan and now to Ciudad Morazán in Honduras.
  • Discover what it was like to live in the remote U.S. Pacific territory of Saipan and why Alex believes it to be the “freest place in America” and “America’s hidden gem.”
  • Find out how the U.S. government’s increasing interest in cryptocurrency saw the Crypto Frontier projects ultimately getting shelved in Saipan.
  • Learn about the unique law passed in Honduras that has allowed for three distinct “free private cities” to develop, including Ciudad Morazán, where Alex lives. 
  • Hear why Alex chose to live in Ciudad Morazán, which is more catered towards locals, over Prospera, which more caters more to foreigners and expats. 
  • Discover how Alex helped build a crypto ecosystem for payments which allows anyone who lives in Ciudad Morazán, aka “Bootstrap City,” to live entirely on crypto.
  • You’ll be floored when you hear how simple and easy it was to open a gym in Ciudad Morazán with so many needless rules and regulations stripped away.
  • Learn about the friendly competition between the two very differently structured ZEDEs of Prospera and Ciudad Morazán.
  • Get the latest updates on the issues the ZEDEs have had with the Marxist Honduran government and how it will affect these projects down the road. 
  • Find out what it’s really like to live inside a private city on a day-to-day basis from someone who literally has boots on the ground.

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    CONCLUSION
    It was a blast talking to Alex after having dinner with him at the Liberty In Our Lifetime conference in Prague last year. Ciudad Morazán and the prospects of future cities like it present a huge potential opportunity for expats to begin a new life under a totally different model of private governance. This is a huge reason why I am a Free Cities ambassador along with Alex. 
    I hope you enjoyed this conversation as much as I did. I’ll see you all next Wednesday!

    Mentioned in this episode:

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    This year, I’m taking a private group into the Amazon rainforest—then we head to Fortaleza and explore Brazil’s booming Northeast coast. Think Amazon river cruises, beachfront developments, and wide-open opportunity. From the heart of the rainforest to pristine beaches most people only dream about—this is bucket-list meets Plan-B strategy. If you’ve ever wanted to see the real Brazil and scout investments along the way, this is it. Go to ExpatMoney.com/Brazil.

    Brazil Tour August 2 - 9, 2025

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    Offshore Gold & Silver

    Into The Amazon—Then Straight To The Beach

    This year, I’m taking a private group into the Amazon rainforest—then we head to Fortaleza and explore Brazil’s booming Northeast coast. Think Amazon river cruises, beachfront developments, and wide-open opportunity. From the heart of the rainforest to pristine beaches most people only dream about—this is bucket-list meets Plan-B strategy. If you’ve ever wanted to see the real Brazil and scout investments along the way, this is it. Go to ExpatMoney.com/Brazil.

    Brazil Tour August 2 - 9, 2025

    Join Us For Upcoming Live Webinars

    Every month, we offer exciting new webinars for our community. Topics include how to use retirement accounts to buy real estate overseas, how to get a second passport in Latin America, why you should sell your stock portfolio and move your money offshore, how to buy a beachfront rental property in Brazil for less than $100k, or apartments in Paraguay for $60k.

    If you want to join us for FREE for these presentations with live Q&A, insider secrets, and exclusive opportunities with my professional network of experts, then sign up today.

    Webinars - Expat Money

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    The Expat Money Show - With Mikkel ThorupBy Mikkel Thorup

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