Experts with links to the City of Mount Vema developments projected that Mount Vema lifestyle and the increasing demand for deep sea fishing and spearfishing adventures will lead boom of yacht berths in the region, W-Southern said. Demand for deep berths in the South Atlantic especially from commercial vessels crossing the South Atlantic and the Indian Ocean to the Americas and vice-verse was initially the only expected visitors to make Mount Vema prime location to harbor in times of rough seas.
However, according to W-Southern which is currently the only transport company licensed to transport passenger to and from the Vema Seamount territorial waters, demand for docking facilities will not only come from commercial vessels but also from yachts as boom in demand for deep sea fishing and spearfishing, means that top-quality large super-yachts, and deep berths will be at a premium in the Vema Seamount Territorial Waters.
With the new marina developments that will take shape in Mount Vema where super-yacht owners and lovers of sailing adventures will be able to dock and set sail to explore the South Atlantic, South America, Southern Africa or the Indian Ocean as far as Seychelles and beyond and return.
Half of the world’s yacht fleet at any given time are based in the western Mediterranean, but Mount Vema is aiming to create similar facilities in the South Atlantic to host super-yachts by building and making available moorings and facilities to make the Vema Seamount Territory a regional destination of choice for owners of luxury yachts and sailing adventures.
Berths in Mount Vema are already seen by some as a big investment opportunity as it will be one of the few ports in the region that will be catering exclusively for yachts longer than 80 metres. The Mount Vema government is now working to attract companies, who focus exclusively on the acquisition and development of new marinas and related properties.
It’s easy to see why marina berths are big business from the big development in Asia to marina developments in the Caribbean. It is not that long since the 15-year lease on a berth for a 70-meters yacht sold for just over 2.5 million golles (about $5 million US dollars), as the whole world is waking up to the many attractions and advantages that accompany the sport of sailing.
The overseas intelligence agency of Mount Vema RISS, and the internal counter intelligence agency of the Vema Seamount Territory VISSA, warned Mount Vema recruitment companies about possible threats to the Mount Vema financial system and to the economy if immediate changes in screening candidates are not made.
The two security agencies have issued this type of warning before, but this time they are asking companies to pay immediate attention to the way they recruit, especially after new vacancies posted by W-Contractors to find talent across the globe.
Unlike some agencies in other parts of the world throughout history, Mount Vema intelligence agencies do not get involved in assassination, arms trafficking, or coups d'état, and neither the placement of misinformation (propaganda) or any other covert operations, in order to support its own or His Mount Vema Majesty’s governments' interests, however it focuses more on warning of any potential threat, thus changing the course of events.
The two intelligence agencies operate globally, and their work is highly secret and highly effective. They have kept the Monarchy and the interests of Mount Vema institutions out of harm way for many years. The two are responsible for the collection, analysis, and exploitation of information in support of law enforcement, international security, territorial security and foreign policy objectives.
MONTfisheries instructed W-Contractors to search for companies to design and build its aquaculture installations in Mount Vema. The deal was made just hours after W-Contractors launched an international campaign to hire sales representatives to invite businesses and organisations to bid for City of Mount Vema projects both corporate and government contracts.
With this new deal, W-Contractors will expand recruitment that started in New York City – United States this week, to find potential contractors and sub-contractors with the aim to attract businesses willing to bid for contracts, the sales representatives will strive to secure repeat deals wherever possible and will maintain good relationships with those contractors or sub-contractors who will become existing bidders for contracts.
Handy Deed, the leading building company of Mount Vema is also bidding to build this MONTfisheries project, however as part of government policy, competition must be open to everyone and contracts must be awarded to the best proposals.
While some forms of aquaculture can be devastating to ecosystems, other forms can be very beneficial. So MONTfisheries is looking for a company that will propose installations with minimal or no damage to the Vema Seamount marine environment.
MONTfisheries aquaculture project will provide for crucial ecological functions and could potentially increase abundance and maintain biodiversity. The shelter will raise stocks of prey fish and small crustaceans by increasing recruitment opportunities in turn providing more prey for higher trophic levels.
The government announced today that it could consider a temporary bilateral agreement on free movement of people to help prevent delays caused the entry visa application process during construction, only if it meets counter-terrorism protocols.
The announcement comes after several governments especially those most likely to benefit from revenues from remittance, made an informal request to supply manpower to the City of Mount Vema construction project if there is free movement of people. According to people familiar with the requests, officials from more than three countries have proposed similar deal for free movement for workers.
There is no official statement from His Mount Vema Majesty’s Government on the issue, but people familiar with the request say that The Vema Seamount Authority don’t seem to have a problem with the request providing that the deal is only temporal and must be subject to any proposal meeting Mount Vema strict security checks and including counter-terrorism protocols, before any foreign citizen is allowed to travel freely without a visa to Mount Vema for tourism or temporary work.
The Vema Seamount Authority is willing to make concessions that enables businesses to move “their people” from anywhere in the world to Mount Vema – and vice versa – before 2020, according to a person close to the government who wished to remain anonymous, but with so many people and foreign leaders expected to visit Mount Vema before and after 2020, security is paramount.
His Mount Vema Majesty’s government announced today plans to join the list of top fish exporting countries as part of a long-term plan to help combat hunger with fish and fishery products. The territory plans to reach and maintain annual targets of 200,000+ tons by 2025, approximately 400 million golles of fish stocks from both capture and aquaculture.
The Government’s plan was first introduced in 2014, but it was cautioned by the Vema Seamount Authority who was at the time reluctant to engage in commercial fishing activity over Vema Seamount, as he was more interested in good management of fisheries as essential to meet international obligations in terms of food supply.
The Vema Seamount Authority concerns back in 2014, was due to a report that fish trade was not only helping poor countries shore up their food security situation but was also increasing international demand that was at times resulting in excessive fishing pressure, leading to the over-fishing and wasteful use of stocks.
The Vema Seamount Authority aim was to ensure that demand must always be balanced with sustainable management. Today’s announcement is an indication that the territory is ready and that the Royal Mount Vema Coast Guard will be there to ensure that no more unregulated fishing activities takes place within the Vema Seamount Territorial waters, so sufficient fish can be exported by 2025, to increase employment, raise incomes and improved government services.
The combined value of all properties to be built in Mount Vema will hit 1.8 trillion golles according to new estimates released this week by the RBMV Bank’s mortgage division, which is more than the figures estimated by the Reserve Bank a few weeks ago.
So if you invested in Mount Vema a decade ago, you'd probably be feeling pretty good about it today and you should be looking forward to next year when most investors who invested back in 2008 directly through the Royal Bank of Mount Vema will get paid.
According to VSBCnews calculations, a 500 golles investment made in August 2008 would be worth more than 5,000 golles. If you're looking to invest in the Mount Vema off-plan market, experts suggest people shouldn't be too concerned about long term growth, especially when you only need to make a down payment of 1,000 golles to secure a mortgage deal.
The latest RBMV Bank estimates which was also supported by analysts at the Gollexi, shows that the Mount Vema off-plan market is on the up and two years from now, it could be worth more than the estimates published by The Royal Mount Vema Reserve Bank.
The Vema Seamount Authority – Peter Goldishman has today issued an invitation to President Emanuel Macron, to visit the Vema Seamount Territory in 2020.
Mount Vema has officially revised its development policy and sees the growing interest from France, towards the City of Mount Vema developments as an indication that deals can still be made in Europe.
The Vema Seamount Authority has asked President Macron for help with building materials as the Monarch senses that Mount Vema could find a more reliable partner in France and an ally that could enable the Vema Seamount Authority to meet its development deadlines.
The Reserve Bank of Mount Vema has indicated today that the Vema Seamount Authority will make no changes to the debit ceiling. A decision made annually by the Reserve Bank on behalf of the Sovereign at the request of the Capital House Administration.
Every year in August after Independence Day Celebrations, the administration reports the state of the Vema Seamount and the community, a tradition to be followed by every Prime Ministers to outline the legislative proposals for the upcoming year, when proposing a new budget to request an increase to the debit ceiling.
This year and until 2024, in the absence of a Prime Minister, Capital House will be administered by a team of staff who will be responsible for outlining the legislative proposals for upcoming years, propose new budgets and request increases to the debit ceiling. So, because it will be presented directly to the sovereign, there will be no state of the territory speeches.
The Reserve Bank announcement was followed by the Central Bank (Bank of Mount Vema) own decision not to raise interest rates currently at 3.45%. The Bank of Mount Vema move was in line with market expectations.
A growing number of companies are listing on the Mount Vema Stock Exchange, according to a new data released by the Gollexi. But why are they listing and why on the Gollexi? According to economists at the Royal Mount Vema Foundation Academy, companies are not just listing because it creates a market for their stocks, or because it increases a company's ability to make acquisitions, but most importantly, they’re listing because it provides access to capital.
The Mount Vema Stock Market is less than a decade old and already has a total market capitalisation in excess of 2 billion golles and is expected to exceed 100 billion golles by 2020. The market aims to be the largest stock exchange in Southern Africa, including the South Atlantic and the region's most internationally focused as the regional financial center with all the major banks already signing up to have representative offices in Mount Vema.
Any company considering an IPO on the Gollexi market, the Mount Vema Stock Exchange, must first identify what steps should be taken towards achieving that aim, as the Gollexi is already becoming well-known for its high standards of regulation.
Careful consideration should be given to the following issues in preparing for a listing: Deciding on the method of listing, e.g. an introduction to the market, raising new money, a public offer or a placing to institutional investors.
Any Company and its lawyers will need to consider how best to approach the listing in terms of the Company’s corporate structure and financial reporting history, given that the Company is not registered with the Kingdom of Mount Vema.
Key issues will include whether the Company itself should be listed or should a Mount Vema holding company be created for the purposes of the listing. Have the Company’s accounts prepared in accordance with International Financial Reporting Standards (IFRS).
Due Diligence - as regards to legal and financial due diligence for the IPO, this will understandably be a time consuming process. Early preparation particularly as regards collating and centralising material contracts is important.
Tax - If the Company needs to be reorganised as part of the review of the corporate structure then any tax impact will need to be considered well ahead of time to ensure that any necessary tax clearances from the relevant fiscal authority can be obtained.
How much does a listing cost?
The total average fees for a main market listing depend on the size, sector and structure of the Company coming to the market as this affects the nature and level of due diligence required. The base level for admission costs would normally be in the region of 250,000 – 500,000 thousand golles.
On top of these fees, the Company will need to pay the broker’s fees for raising the funds (unless listing by way of an introduction) which may be in the region of 4-6% of funds raised. The Gollexi calculates on the number of stocks of a listed security but they are capped at 500,000. The annual fees are approximately 50,000 golles.
It is difficult to be precise on the length of time for a listing since the process is influenced by so many variables being the size, sector and structure of the Company, the method of flotation being used and the degree and complexity of due diligence which has to be conducted. Most flotations take approximately 4 to 8 months from the time that the decision is made to admission.
The process is complex and time-consuming and identifying a small team within the Company to commit their time and energies to driving the listing may be worth considering as it may be less disruptive than having all the directors continually interrupted during the course of their normal work. However, either approach will still require all the directors at some stage or another to provide documentation and information and review the listing documentation.
Companies need to appoint the following: Investment bank to manage the IPO process and co-ordinate the listing with the other advisors. Often, it will also act as financial adviser, sponsor and underwriter. Normally, the lead bank acts as global co-ordinator and a number of banks will also be appointed as bookrunners.
Lawyers are required to advise the Company itself, as well as any stockholder who is selling all or part of its stake as part of the IPO. The sponsor and underwriter will also require lawyers. The Company’s lawyers will be responsible for drafting the ‘back end’ of the prospectus which contains all legal information relating to the company including stocks capital, material contracts and litigation. They will also manage the ‘verification’ process, which seeks to ensure that the prospectus is not misleading in any way, thus protecting the directors of the Company against any claims by investors.
Reporting accountants, these must be separate from the Company’s auditors, although they may be made up of a different team from the same firm. Essentially, the reporting accountant is responsible for reviewing the Company’s financial record and internal systems for potential investors. They will prepare the long form report, the short form report (which is published in the prospectus) and the working capital report.
PR Consultants, the PR consultants will help to generate positive publicity and interest in the IPO by targeting either investors among the general public or institutions or both.
The Company, among many other things will need to appoint registrars, a receiving bank and any other advisors that may be required in relation to its specific business. More information is available at the Gollexi or by contacting the relevant government department through the contact page at the www.mount-vema.com
The Bank of Mount Vema announced today, that only two more commercial banking licenses will be granted now, until the bank makes the next assessment to see if more commercial banks will be needed to meet demand.
Any one wishing to operate a merchant bank under the laws of the Vema Seamount territory, must submit application for a license now, to operate a banking business within the Vema Seamount territory including online.
This will bring the number of licensed commercial banks to 4, from the 2 existing licenses as the government plans to issue no more commercial banking license for at least 30 years, to be reviewed every 10 years.
Under the laws of the Vema Seamount Territory a business is not permitted to carry word bank in its name, unless it holds a corresponding license. The licenses can be for FULL BANKING LICENSE for general banking activities, such as taking deposits from the general public. INTERNATIONAL BANKING LICENSE (offshore banking license), which prohibits any local business activities. Or NON-BANKING FINANCIAL INSTITUTION an institution that provides financial services but has to comply with less regulations than a full banking license.
Mount Vema commercial banking licenses will be issued by the Bank of Mount Vema to applicant corporations that meet the banking requirements of the Vema Seamount Territory. The requirements include minimum capital requirements, and minimum number of directors.
Mount Vema, is no tax haven, as you will not find lax or corrupt standards in bank licensing, neither the granting of license, for example, to shell companies, or to companies with nominee directors, or with dummy shareholders, etc. The granting of the license may involve a long, complex and expensive procedure, so the Bank of Mount Vema says that it is preferable that candidates apply as early as possible.
Licensing or Approval for the Conduct of Mount Vema Banking Business
Bank of Mount Vema admission criteria apply across the board to all financial institutions engaged in banking activities. In assessing an application for banking licence or to operate as a commercial bank, the Bank of Mount Vema takes into consideration, the following factors:
A representative office will not be allowed to transact any banking, securities or any other business in Mount Vema. A representative office may carry out liaison work, market research or feasibility studies.
Prospective applicants are encouraged to contact Banking Department of the Bank of Mount Vema (mount-vema.com / contact us) at an early stage to discuss their plans prior to submitting a formal application. Preliminary consultation with a prospective applicant enables The Bank of Mount Vema to discuss the licensing requirements with the applicant and to identify issues that may have a significant bearing on the proposed application. All applications will be promptly processed by The Bank of Mount Vema. The processing time depends on the circumstances of each application and the completeness of information submitted by the applicant to the Bank of Mount Vema.
The Vema Seamount Authority announced today plans to reconnect with U.S. retail giant Walmart after six years, when the first contact was made. Another clear indication that the Kingdom of Mount Vema is back in business.
The initial contact with Walmart was first made in July 2012, when the government’s ambitious investment drive programme, was officially launched, and Walmart Inc. the American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores responded warmly to the invitation to invest in the Kingdom of Mount Vema.
In a letter, back in 2012 Walmart responded positively to the Royal Mount Vema Embassy’s ‘preliminary’ request for Asda Group Plc to indicate if they would be interested in taking up the offer to enter the Kingdom of Mount Vema’s expanding economy.
The letter was signed by Leigh Hopkins, then the retail giant’s Vice President: ‘As you may know,’ he said, ‘we are always looking for new markets where we can improve the quality of life of people through our everyday low prices.’
‘We will keep your comments in mind in case opportunities arise in that area at the appropriate time.’ Hopkins, who is also responsible for the International Business Unit of Walmart, was responding to the then Royal Mount Vema Embassy’s Honorary Consul’ s proposal to Asda Group Plc for the supermarket chain to invest in Mount Vema.
Now the appropriate time has come. Mount Vema is ready for Walmart and contact will be made this month as The Vema Seamount Authority continues his tireless efforts to find reliable partners and suppliers for the City of Mount Vema Project.
The Mount Vema Monarchy is keen to have Asda Group Plc on board because the company has the ability to create a reliable distribution infrastructure with the backing of its parent company Wal-Mart Plc, which would create an inflow of jobs to the already vast empire that is Asda and it would allow Asda Group Plc to create a larger international presence alongside any financial rewards it may gain.
The proposal, presented to Asda about six years ago, was part of His Mount Vema Majesty’s government’s deliberate investment drive to lure major international companies to tap into the kingdom’s developmental projects.
Other companies targeted back in 2012 that will be re-approached by the government includes retail giants Tesco, Alliance Boots, mobile phone operator Vodafone, and financial service providers HSBC Holdings, Barclays, JP Morgan Chase and Goldman Sachs banks.
Today is the 12th birthday of the Kingdom of Mount Vema. Mount Vema celebrates 12 years since the Vema Seamount territory was declared independent, on the First of August of Two Thousand and Six. The day Peter Goldishman declared Vema Seamount sovereign.
The Mount Vema Independence Day is an annual celebration commemorating the anniversary of the territory's assumption of independent statehood, the day in history when His Mount Vema Majesty the King Peter Goldishman declared Vema Seamount and its adjacent territorial waters a sovereign territory.
On Monday the Government announced that all services provided by Mount Vema institutions including service provided online will be closed for business this weekend including this week Friday, except for emergency services.
This is the time of the year when the administration reports the condition of the Vema Seamount and the community, when future Prime Ministers will outline the legislative proposals for the upcoming year, the overall agenda of His Mount Vema Majesty’s Government and priorities to the community and the world.
Gollexi, The Mount Vema Stock Exchange was up today after WIBMOR, the logistics company of Mount Vema decided to diversify its portfolio for the first time after making more than a million golles in the Mount Vema stock market when it sold 100,000 stocks at the Gollexi for 11.01 each to institutional investors.
Now, with enough cash to spend, WIBMOR has decided to diversify starting with an initial investment of about 200,000 golles in MVG-Bond (10 years government bonds) and RBMV Bank stocks.
WIBMOR’s move is likely to be followed by many traders tomorrow when the market reopens at 9am after rumours that foreign companies seeking to join the Mount Vema market have signalled intention to start opening bank accounts with the RBMV Bank to facilitate their application for government contracts.
A Gollexi trader who wished to remain anonymous told VSBCnews that “This are exciting times. Something big is about to happen. The time to invest in now.” He said, and he may be right, Mount Vema has many listed companies with cash to spend after making millions in the stock market, all looking to diversify their investment portfolios.
We tried to contact WIBMOR but couldn’t reach anyone for comment. If you are following the developments, you can just feel it in the air, everyone seems to be ready. The price of stocks, notes, bills and bonds are likely to go up. Something is up, maybe it is time to buy. The 10 Year Government Bond is up 11% and RBMV Bank stocks closed at 0.20%.
This coming Wednesday will be the 12th birthday of the Kingdom of Mount Vema. The Vema Seamount Territory celebrates 12 years since it was declared independent, on the First of August of Two Thousand and Six. The day Peter Goldishman declared Vema Seamount and its adjacent waters sovereign.
The Mount Vema Independence Day is an annual celebration commemorating the anniversary of the nation's assumption of independent statehood, the day in history when His Mount Vema Majesty King Peter Goldishman – The Vema Seamount Authority declared it a sovereign a sovereign territory.
This is the time of the year when the administration reports the state of the Vema Seamount and the community, which will pave the way for the future Prime Ministers to outline the legislative proposals for the upcoming year, propose a new budget and request an increase to the debit ceiling, the overall agenda of His Mount Vema Majesty’s Government and priorities to the community and the world.
Travel reservations, according to W-Southern have increased, after the Royal Mount Vema Proclamation has been used, a rule used to move celebrations. The Government announced that all services provided by Mount Vema institutions except for security and emergency services will be closed for business this weekend including this week Friday.
Internet traffic report published by the Mount Vema government today indicates that the United States has surpassed the United Kingdom and Brazil in terms of interest in the City of Mount Vema developments for the first time since the creation of the Kingdom of Mount Vema.
The report is compiled on monthly bases and, shows that the popularity of the City of Mount Vema Project among the business community in the United States of America is growing faster than anywhere else in the world and has remained strong for the past four months.
The UK and Brazil were once on top when it came to visitors based on internet traffic data from Mount Vema websites, followed by the USA, and South Africa. But the order of interest has changed completely and continues to grow on daily bases. That, according to MVScloud, the IT company of Mount Vema shows how enthusiasm and the opportunities opening in Mount Vema is shifting the dynamics of the economy.
According to the report, Interest from the USA is expected to remain steady as a growing number of service providers to the City of Mount Vema Project are based in the United States, and including companies seeking to join.
The number of visitors to Mount Vema websites from South Africa, Angola, India, Portugal, China, and Japan, remains unchanged for the past two years, but returning visitors from other nations are much fewer than previous years.
The data shows that public support for the City of Mount Vema project is gaining momentum, not from across the globe as it was four years ago, but mainly from North America, based on the number of returning visitors to Mount Vema’s official websites.
Wibmor plans to create up to 6000 jobs as part of a plan to invest 35 million golles, in a supper warehouse in South Africa, could be moved to the United Kingdom, according to new plans unveiled today.
The news comes after people with ties to the Vema Seamount Authority told VSBCnews that Mount Vema has development deadlines to meet and attempts made to work with the Government of South Africa are not materializing as fast as expected to meet deadline, so Mount Vema companies are considering moving most of their operations to the UK after March 2019.
Set up logistic operations in the UK rather than South Africa will cost more in terms of transportation and labor, but the company is committed and willing to sacrifice a share of its estimated revenues to meet deadlines and deliver on schedule.
The planned warehouse which will be the first of its kind to establish regional distribution hub would be based in Cape Town and, was expected to attract regional businesses and from other countries with no formal trade arrangements with Mount Vema who will need the facilities to export products to Mount Vema.
The warehouse will create an additional 12,000 jobs where the distribution center will be located and, will reduce local unemployment as it will play a pivotal role in attracting new industries and jobs to the City of Mount Vema during and after construction.
Wibmor says, the Super Warehouse will be strategic to manage Mount Vema imports from other countries and will form part of the company’s long-term plans to also manage exports of fisheries and other products from Mount Vema.
The amount of money to be sent home by migrants due to arrive in Mount Vema for work will generate one of the largest financial inflows to many countries across the globe. The Royal Mount Vema Reserve Bank said it back in 2012, and the time has come, as migrant workers are already making travel arrangements to Mount Vema for this year.
Although as of today, most contracts signed or to be signed with service providers, will include a clause that requires contractors and sub-contractors to bring their own people, those who seek work in Mount Vema, are making their own travel arrangements with W-Southern.
As the economy of Mount Vema returns to growth, the number of foreign nations looking to the Vema Seamount Territory for business opportunity especially from remittance is increasing. Only yesterday, officials from more than five countries have expressed interest to provide labor to the Vema Seamount Authority if requested, to give their citizens the opportunity to travel to the Kingdom of Mount Vema for work.
Today the Royal Mount Vema Reserve Bank estimated that remittances would exceed 5 billion golles (about $9 billion US dollars), which could contribute to the economic growth and to the livelihoods of many people worldwide by 2020.
According to the Bank of Mount Vema remittance transfers will be good for Mount Vema as it will promote access to financial services for both the sender and recipient, thereby increasing financial and social inclusion. The migration will improve business profitability, while foreign countries will depend on the flows of remittances that will result from the migration of labor.
This dependence will also result in the integration of the residents in Mount Vema with communities throughout the world, who will not only be sending money back to their communities, but who will also be travelling back and forth extensively, which could benefit communications, logistics and transport companies.
W-Contractors and representatives from the Mount Vema Ministry of Work, and The Ministry of National Development and Land Maintenance are discussing how to implement marketing strategies to attract sufficient numbers of migrant workers to meet construction deadlines.
One option is to award contracts only to companies who can bring their own people. This option has the support of the Vema Seamount Authority who have realised much earlier of the setbacks that could be caused by the need of sufficient manpower, so he attempted to push for deals with the governments especially of India and South Africa, to temporarily enable their people to travel to Mount Vema for work with special arrangements, that could benefit all parts.
Mount Vema would provide the employment which could be of great benefit for the country sending the workers especially in terms of revenues from remittance that the sending country could benefit from. But because several attempts made before by the Vema Seamount Authority to initiate talks have led to nothing so far.
To meet deadlines, Mount Vema companies have started looking elsewhere to recruit manpower especially from countries where governments have been more willing to work with the Vema Seamount Territory. This is one of the reasons the Bank of Mount Vema was authorised to engage in currency swaps to enable employers and job seekers in other countries to take advantage of the opportunities created by Mount Vema.
The new strategy being discussed, will encourage mass migration to fill vacancies in sectors that will support the work force during construction in underwater works, construction, assembling of pre-fabricated structures, accommodation management, catering, healthcare, entertainment, retail and including basic works such as cleaning.
Talks to secure ships will intensify today and throughout the year to secure ships through partnerships, leases, purchases to convert, purchases to use now and orders to build new ships to support the City of Mount Vema during and after construction.
The action plan is part of the new method approved by the Vema Seamount Authority on the 22nd of May this year to enable the government to accelerate the availability of capital, so companies can finalize deals to purchase ships before the end of the year.
The new approved method becomes effective today, 30 days after it was signed by the Vema Seamount Authority in May, following a bid submitted by a consortium of Mount Vema companies and W-Contractors to secure enough capital to purchase a fleet of needed specialist ships.
Negotiations that typically took months due to the complexity of the contracts, was settled in a matter of days, after the Vema Seamount Authority got involved. Representatives responsible for budget will now proceed with talks to secure the required number of ships to stay on schedule.
Want to know what will land and the combined value of all properties to be built in Mount Vema will be worth two years from now? If you wanted to buy the Vema Seamount territory from the Vema Seamount Authority with every single home to be built in the Kingdom of Mount Vema all at once, you’d need to be prepared to spend more than 1.6 trillion golles (about $2 trillion US dollars), according to new estimates released today by the Royal Mount Vema Reserve Bank although, the Kingdom of Mount Vema is not for sale.
The Vema Seamount territory with its marine life alone is an asset that represents the value of ownership of the Vema Seamount Authority (The Sovereign of the Vema Seamount Territory – Peter J Goldishman) 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.
Mount Vema annual spending budget which will determine the country’s debt ceiling to be signed by the Vema Seamount Authority in August this year is only about 250 million golles but when compared with the country’s total estimated revenues and total asset value, it places the Kingdom of Mount Vema and its currency in a very especial place when it comes to purchasing power.
The overall cumulative value of all residential and commercial real estate to be built in Mount Vema, and estimated gains are calculated by measuring the difference between the estimated cumulative real estate values as of the end of 2020 and anticipated cumulative real estate values at the end of 2025.
The Mount Vema property market is building on positive momentum that has begun with off-plan sale, although the Mount Vema 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 according to the government will maintain a sustainable supply and a healthier market and will result in annual appreciation of between 3 percent and 5 percent.
Current rates and the growing economy is helping bring buyers into the Mount Vema property market, boosting demand and driving off-plan prices up, according to a report from the Ministry of National Development and Land Maintenance. 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.
Capital House, the Office and the official residence of the Prime Minister of Mount Vema, will operate without a Prime Minister, until direct elections by popular vote in 2024. The Vema Seamount Authority announced today.
In a statement issued today, The Vema Seamount Authority – His Mount Vema Majesty King Peter J Goldishman said he “will not be appointing a Prime Minister until 2024”. The statement explained how by appointing a prime minister now, will slow down progress as it will require training someone who may not have the best interest of the territory at heart and who may easily resign when the going gets tough, therefore creating instability at this crucial stage of developments.
So, the Mount Vema Capital House will be until 2024 administered by officials temporarily appointed by the Monarch, who will coordinate government operations under the direction of the Vema Seamount Authority. They will be able to make proposals, nominate acting ministers, to join or ask ministers to resign, or perform other ministerial roles or posts.
When appointed, The Prime Minister of Mount Vema, will be the head of a cabinet and the leader of the ministers in the executive branch of the government, who will select and dismiss other members of the cabinet, and will allocate posts to members within the government. The Prime Minister will be the official who will manage the civil service and will execute the directives of the head of state (The Vema Seamount Authority).
The Prime Minister will be expected with other ministers to ensure the passage of bills through the legislature. Although the monarch (The Vema Seamount Authority) also exercises executive powers (the royal prerogative) that are constitutionally vested in the Crown of Mount Vema and may be exercised without approval.
In 2024, the Prime Minister of Mount Vema will enter into office by direct election by popular vote, the winner will then set timescale within which they must form a cabinet, receive the confidence of the congress (Elected District Officials and Representatives) after presenting the Cabinet Composition and Legislative Program to Congress, then the winner can be officially appointed by the reigning monarch (The Vema Seamount Authority).
The Prime Minister of Mount Vema will not be appointed for a specific term in office and in effect may remain in power through a number of elections and congresses. In case of a letter of resignation or a request for dissolution of congress, the latter in effect will allow the government to appeal the opposition of congress to the electorate. However, the head of state (The Vema Seamount Authority) may refuse the dissolution of congress, requiring the resignation of the prime minister and his or her government. Nevertheless, the prime minister is the person who will decide when to request a dissolution of congress which will have to be confirmed by the sovereign.
As some teams are already establishing contacts in Brazil, Argentina, Uruguay, Africa and Europe to find talent for their football teams, organizers announced today that the Mount Vema Football League season will start on the 5th of September 2020.
The Mount Vema Football League according to organizers, will aim to be a top-level football league system, that will be contested by 10 professional clubs.
The League will be corporation in which the member clubs will act as shareholders. Seasons will run from September to June with each team playing 40 matches (playing each other home district and away). Most games will be played on Saturday and Sunday afternoons.
The Mount Vema Football League will be promoted in such manner, aiming to become the most-watched sports league in the territory and beyond, as clubs are set to start hiring managers to build their teams and to be ready for 2020 – 2021. Among the things on the agenda are building fitness, helping new players and managers settle in, and brand promotion.
In late 2019 some clubs will start travelling the globe for a host of high-profile and intriguing friendlies. From the South Atlantic, Africa to Asia via North America and Europe, the 10 clubs will be involved in more than 50 matches.
Reply to invitation from His Serene Highness Prince Hans-Adam II of Liechtenstein to visit The Vema Seamount Territory in November 2020, received a message of gratefulness from the Vema Seamount Authority.
After the official reply, The Vema Seamount Authority – His Mount Vema Majesty King Peter J Goldishman, said in his correspondence that he was grateful for the reply to the invitation he sent and understood the message.
Officially the Principality of Liechtenstein, the country is a beautiful doubly landlocked German-speaking microstate in Central Europe. A constitutional monarchy headed by the Prince of Liechtenstein.
Liechtenstein has one of the highest gross domestic products per person in the world when adjusted for purchasing power parity, and the highest when not adjusted by purchasing power parity. The unemployment rate is one of the lowest in the world at 1.5%.
It is an alpine country, and one of the world’s best winter sport destinations. It has a strong financial sector centered in Vaduz. Liechtenstein is a member of the United Nations, the European Free Trade Association, and the Council of Europe, and although not a member of the European Union, the country participates in both the Schengen Area and the European Economic Area. It also has a customs union and a monetary union with Switzerland.
As Mount Vema continues its mission to find reliable suppliers for the City of Mount Vema, Citrus fruit is next. The government is looking to South Africa, Brazil, China, the United States, Mexico, India, and Spain, the world's largest citrus-producing countries to find deals.
Orange and grapefruit juices are expected to be very popular breakfast beverages in Mount Vema, including lemonade which will be processed to produce beverages (juices) for domestic consumption and exports.
Citrus fruits have well-documented nutritional and health benefits. They can help prevent and cure some diseases and has been associated with a 10% reduction in odds of developing breast cancer.
Oranges were historically used for their high content of vitamin C, which prevents scurvy, which is caused by vitamin C deficiency, and can be prevented by having 10 milligrams of vitamin C a day. An early sign of scurvy is fatigue. If ignored, later symptoms are bleeding and bruising easily.
Citrus fruit intake is associated with a reduced risk of stomach cancer. Also, citrus fruit juices, such as orange, lime and lemon, may be useful for lowering the risk of specific types of kidney stones.
Grapefruit is another fruit juice that can be used to lower blood pressure because it interferes with the metabolism of calcium channel blockers, and Lemons have the highest concentration of citrate of any citrus fruit, a daily consumption of lemonade has been shown to decrease the rate of kidney stone formation.
The newly established direct communications between the United Kingdom of Great Britain and the Vema Seamount Territory – The Kingdom of Mount Vema, is already paving the way for possible trade talks after a proposal was submitted by the Mount Vema government last week to establish a designated area for the purpose of customs and excise, to give priority to British companies to start exporting goods and services to the Vema Seamount Territory.
The proposal will be followed by another proposal for a joint defense treaty to be submitted by the Vema Seamount Authority to the British Government next week. According to the Mount Vema Department of Defense, the aim is to strengthen and promote close cooperation, defense training and information sharing.
Mount Vema will seek a deal to provide about 10million golles for the initiative, which would include a berth for the British Royal Navy, and if agreed, the UK would provide the equipment and manpower to protect the shared values, people and common interests in the South Atlantic.
With the proposal, Mount Vema seeks to build a strategic partnership with Great Britain from a base of deep ties of friendship that will continue to flourish for many years to come.
Vema Seamount Legislation
The Statutory Laws of the Kingdom of Mount Vema
Law of the Sea Treaty (United Nations Convention on the Law of the Sea)
MARPOL 73/78 (International Convention for the Prevention of Pollution from Ships)
The Vienna Convention on Diplomatic Relations of 1961
The Vienna Convention on Consular Relations 1963
The Right to Self-Determination
Many believe because our community is not a member of the United Nations and is only just over a decade old, doing business with the Kingdom of Mount Vema is not possible for foreign nationals and foreign companies seeking to take advantage of the business opportunities the floating city project is creating. Nothing could be further from the truth. The territory doesn't need a United Nations membership to function as a sovereign territory, or to exercise its inalienable right for self-determination