Mount Vema Companies
Company types that can be incorporated in Mount Vema:
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PRIVATE COMPANY LIMITED BY SHARES (STOCKS)
- Private Limited Company with shares (stocks) – minimum 1, maximum unlimited
- Suitable for any normal commercial trading purposes
- Objects are unrestricted
- Suitable for any businesses in the Kingdom of Mount Vema
- Can undertake any nature of business
- Can operate anywhere in the world
- Members have limited liability
- Can have a sole director and sole shareholder
- Can have corporate officers
- Can be incorporated in less than 48 hours and full documents despatched within 12 days.
- Own choice of name subject to “sensitive names” and “same as” rules
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PRIVATE COMPANY LIMITED BY GUARANTEE
Private Company Limited by Guarantee
- Non-profit corporate entity – assets or financial surplus cannot be distributed to members
- A Guarantee company is not owned by its members and cannot be transferred by its members for value – it has no share capital
- Suitable for clubs, membership organizations, sports associations etc
- Can apply for charitable status
- Members have limited liability
- Can be incorporated in most circumstances within days
- Some input required from client to establish main objects if required or objects can be unrestricted
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PUBLIC LIMITED COMPANY
- Necessary if the company is to trade its shares (stocks) to the public
- Can undertake any nature of business
- Can operate anywhere in the world
- Members have limited liability
- Can be incorporated in most circumstances within days
- Own choice of name
- High initial capital commitment
- Must have at least two directors and one shareholder
- A private company can be converted to a PLC, so most PLCs start life as normal private companies and convert at a later date prior to flotation of the stock markets
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LIMITED LIABILITY PARTNERSHIP
- Suitable for new and existing partnerships wishing to obtain limited liability status, and aimed particularly at professional partnerships such as accountancy and solicitors firms
- Maintains tax status of a partnership
- Members have limited liability
- Can be incorporated in most circumstances within days
- Suitable for most commercial business activities
No weapon formed against you shall prosper, And every tongue which rises against you in judgment you shall condemn. This is the heritage of the servants of the LORD, "And their righteousness is from Me," Says the LORD. Isaiah 54:17
MOUNT VEMA
18 YEARS OF ROYAL HISTORY
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The Legal Entities of Mount Vema
COUNTRY
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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 Top-Level Domain: .com, and .ov (proposed) Proposed Telephone Country Code: +294 |
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 |
State Alert! – Security, Public Safety and Emergencies
YELLOW WARNING official advise to be aware. >>>
AMBER WARNING official advise to be prepared. >>>
RED WARNING official advise to take action as instructed by the emergency services. >>>
AMBER WARNING official advise to be prepared. >>>
RED WARNING official advise to take action as instructed by the emergency services. >>>