The Vema Seamount Territory
14 YEARS OF ROYAL HISTORY
The evolution of the Vema Seamount Community from a claim of a tiny submerged ancient island which has eroded by millions of years of wave action, to today's statehood, adding to the existing number of sovereign nations in the world and the number of existing monarchies, stands as an unprecedented phenomenon in the history human evolution.
Mount Vema is the perfect location for those looking for a peaceful place 'away from it all'.
As Mount Vema builds the next PORT of call, it is also opening a new market, strengthening strategic alliances and partnerships worldwide. Work with us.
KINGDOM OF MOUNT VEMA
Vema Seamount Territory
Vema Seamount Territory
When people think of Mount Vema or Vema Seamount today, images of water, fishery, royalty and wealth spring to mind. However this unique South East Atlantic territory, is not just a submerged ancient island, once at the surface of the sea which eroded by millions of years of wave action. Mount Vema is a monument, a piece of rock inextricably linked with The Vema Seamount Authority - Peter J. Goldishman who has managed to propel this once overfished and almost forgotten submerged island, to a well-managed and well-regulated fishing ground, and transformed it, to its greatest ever imagined state of wealth and prominence.
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Geographic Location:
31 38' S 8° 20' E Latitude= -31.6347
Longitude= 008.3264 |
Mount Vema
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14 Years of Royal History
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Time Zone - UTC + 01:00 hour
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Terrain: The Vema Seamount summit substrate is rocky, with phonolite outcrops, bedrock of volcanic ash agglomerates, and calcareous accretions.
Area: The seamount's plateau-like summit is approximately 14 kilometers in diameter, with the highest peak located on the southern flank of the island. However the mean base diameter of the country is about 60 kilometers. Land: About 5% of land will be reclaimed as part of the network of concrete barriers to protect the floating city and key infrastructures from the destructive force of the Southern Atlantic wind and waves.
Area - Comparative: The floating city of Mount Vema will be about 7x3 kilometres including its canals. It will be bigger than other small sovereign states such as the Vatican City of the Holy See, or The Principality of Monaco. But if one includes its territorial waters (200 nautical miles), then Mount Vema is also bigger than The Republic of San Marino, or The Principality of Liechtenstein.
Area - Comparative: The floating city of Mount Vema will be about 7x3 kilometres including its canals. It will be bigger than other small sovereign states such as the Vatican City of the Holy See, or The Principality of Monaco. But if one includes its territorial waters (200 nautical miles), then Mount Vema is also bigger than The Republic of San Marino, or The Principality of Liechtenstein.
Climate: - Located just south of the Tropic of Capricorn the weather in Mount Vema fluctuates little through the year, and it is very different from other countries in the region. The climate is mostly Mediterranean, but can be wet and overcast with clouds/fog/mist/haze, with winds of about 4 (light air) to 30 (Fresh Breeze) kilometres per hour average, although winds can sometimes exceed 40 kilometres per hour (Strong Breeze). The temperature is marine, 14 °C to 21 °C average, with humidity sometimes exceeding 80%. The lowest temperatures can reach 2 °C and the highest 28 °C.
People
COMMUNITY
Demography of Mount Vema
Nationality: Veman(s) | Language: English (Official) | Religion: Christianity | Education: (See Education System)
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Government
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Monarchy
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Country Name (Long Form): Kingdom of Mount Vema
Country Name (Short Form): Mount Vema |
Flag Description: Two equal horizontal bands of white (top) and gold, with a navy blue (top) and red square bordering the white center.
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National Anthem:
'God Protect Mount Vema' |
National Holiday: Independence Day, August 1st | Independence: 2006 (beginning of permanent rule by the Monarchy of Mount Vema) Before the year 2006, Mount Vema was never a nation or part of a nation, an empire or part of an empire, nor a trusteeship. 2006 does not represent "independence" in the strict sense, but rather a significant nationhood event which is the founding date of the nation. The significant establishment of statehood based on an ancient island (known today as Vema Seamount) which has eroded by millions of years of wave action.
Economy
ECONOMY
FISHERIES | REAL ESTATE | TOURISM | FINANCIAL SERVICES
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Financial Year: September 1st to August 31st
Budget: Revenues: 200 billion golles (2030 est.) Expenditures: 120 billion golles (2030 est.) Note: Expenditures include both operational and development 
The Currency of Mount Vema
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Economy
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The Kingdom of Mount Vema has a prosperous economy, based on a comparison of GDP measured at purchasing power parity conversion rates. The Mount Vema real estate although off-plan, is already highly valuable. The 1.6 trillion golles total value of the Kingdom of Mount Vema entire projected property stock and the Vema Seamount territory itself is more than the combined gross domestic products (GDP) of some well-developed countries. This is an economy where the Government buys needed goods and services predominantly in the private marketplace, and private individuals and business firms make most of the decisions. Firms also enjoy great flexibility in decisions to expand, to develop new products, and lay off surplus workers.
The Vema Seamount territory with its marine life alone is an asset that represents the value of ownership of the Vema Seamount Authority that can be converted into cash as collateral at any time to enable His Mount Vema Majesty’s Government to raise finance to pay for the country’s obligations but the government makes very little use of this option as it forms part of His Mount Vema Majesty’s Reserves and requires the approval of the Sovereign. The annual spending budget is determined by the country’s debt ceiling, signed by the Sovereign every August and announced on the first week of September. But when compared with the country’s total estimated revenues and total asset value, it places Mount Vema and its currency in a very especial place when it comes to purchasing power.
The Mount Vema property market is building on positive momentum that has begun with off-plan sale, although the government only plans to sale initially 10% of all development units and properties that will be built. The rest will be reserved to let, to be used to raise funds to meet liquidity needs. This policy is to maintain a sustainable supply and a healthier market that could result in annual appreciation of between 3 percent and 5 percent.
The Vema Seamount territory with its marine life alone is an asset that represents the value of ownership of the Vema Seamount Authority that can be converted into cash as collateral at any time to enable His Mount Vema Majesty’s Government to raise finance to pay for the country’s obligations but the government makes very little use of this option as it forms part of His Mount Vema Majesty’s Reserves and requires the approval of the Sovereign. The annual spending budget is determined by the country’s debt ceiling, signed by the Sovereign every August and announced on the first week of September. But when compared with the country’s total estimated revenues and total asset value, it places Mount Vema and its currency in a very especial place when it comes to purchasing power.
The Mount Vema property market is building on positive momentum that has begun with off-plan sale, although the government only plans to sale initially 10% of all development units and properties that will be built. The rest will be reserved to let, to be used to raise funds to meet liquidity needs. This policy is to maintain a sustainable supply and a healthier market that could result in annual appreciation of between 3 percent and 5 percent.
REGISTERED CORPORATIONS
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Some of the key companies registered with the Vema Seamount Territory
THE TERRITORIAL WATERS
MILITARY | LAW ENFORCEMENT | RESCUE SERVICES
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More than a 1000 ships cross the
Vema Seamount Territorial Waters, every year The ISLAND is located right in the middle of a busy shipping lane, a trade route connecting India, China, Japan, Singapore with Brazil, Mercosur and North America with some of the largest merchant ships sailing through every day. The safety of this trade route is paramount. The Kingdom of Mount Vema works to ensure safety and justice within its jurisdiction 24/7.
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Historic Pictures of the Explorations of Vema Seamount - 1964
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Mount Vema Societies for Geology and Marine Conservation
International Treaties – Ratified by the Kingdom of Mount Vema
Law of the Sea Treaty (United Nations Convention on the Law of the Sea)
MARPOL 73/78 (Convention for the Prevention of Pollution from Ships)
The Vienna Convention on Diplomatic Relations of 1961
The Vienna Convention on Consular Relations 1963
Law of the Sea Treaty (United Nations Convention on the Law of the Sea)
MARPOL 73/78 (Convention for the Prevention of Pollution from Ships)
The Vienna Convention on Diplomatic Relations of 1961
The Vienna Convention on Consular Relations 1963
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MOUNT VEMA - KINGDOM OF MOUNT VEMA - THE VEMA SEAMOUNT TERRITORY
ADMINISTRATIVE DIVISIONS
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COUNTRY CODE
COUNTRY CODES IN USE Mount Vema Country Code: OV / MOV Mount Vema Numeric Country Code: 507 Currency Code: VSG Proposed Top-Level Domain: .ov Proposed Telephone Country Code: +294 |
www.mount-vema.com | www.vema-seamount.com
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