Revenues from lease berths annual service charge and ground rent in Mount Vema will help the government raise more than 100 million golles per year, according to new estimates released today by RBMV Bank – The Royal Bank of Mount Vema.
The estimate has doubled the figure published by the Mount Vema Ministry of Economy and Finance in 2014, which reflects on the value of the City of Mount Vema Project today in comparison to four year ago.
Although additional fees may be incurred when using a solicitor to reserve and purchase lease berths in Mount Vema, there will be no extra fees when paying for annual service charge & ground rent which will cost only approximately 600 golles per year according to the current plans, and which will not be charged until 1 year after the docks are fully operational.
The Mount Vema unique Leasehold Berth deals come with the option of an additional supplement storage, 24hrs security, and beautiful restaurants, luxury apartments and hotels, modern facilities and workshop teams, 24hr Diesel & Pump-Out Dock, a number of approved subcontractors and wonderful settings.
The Government is already inviting sailors, yacht clubs, and organizations in the maritime industry to express interest and apply to reserve berths in the ports and harbors of the City of Mount Vema project where they will be able to moor their vessels and benefit from the exclusive services Mount Vema will have to offer.
Additional services to be made available are designed for all types of berths including Bulk berth, Container berth, General berth, Lay berth, Lay-by berth, Marina berth, Product berth, X berth and Z berth. However, both X and Z leases according to government officials will require bilateral agreement and serious consideration to regional and international security, the preservation of peace and maintain Mount Vema as a neutral state.
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