It is official. The construction of the City of Mount Vema starts on Monday the 19 of November 2018. The government confirmed today. Most of the work will start outside Mount Vema with the construction of precast concrete structures.
The structures will then be transported to Mount Vema throughout December 2018 and January 2019 to be used as the provisional port and as base for on site activities. In the meantime, security patrols will begin to maintain security and prepare for the arrival of the concrete structures.
The Vema Seamount Authority has issued a statement this morning to thank all participants. The Monarch has said that “Mount Vema is a place for innovative thinkers, and men and women of good character, with the will and the heart to get there either to expand their businesses, or to start fresh, and to prosper as far their talents permit, regardless of the colour of their skin”.
“As a new state, we will remain neutral but open to any proposal, and partnerships of mutual benefit. May God Bless us all on this journey”. Said Peter J. Goldishman – The Vema Seamount Authority, to mark the start of construction activities.
Construction of the tidal power plant proposed by vonMelyn – the utility company of Mount Vema will start in December this year and will be completed just before 2020. The project is designed to become a reliable source of electricity for the entire City of Mount Vema.
According to the company's plans, the output of the City of Mount Vema Power Plant network which will operate 24 hours a day will exceed 3200 MW with a power capacity the equivalent of just over 1 million homes. More than the capacity Mount Vema will needed to keep the lights on 24/7, as any excess energy would be stored for later.
Tidal power or tidal energy is a form of hydropower that converts the energy obtained from tides into useful forms of power, mainly electricity. Although not yet widely used, tidal energy has potential for future electricity generation. Tides are more predictable than the wind and the sun.
A tidal generator converts the energy of tidal flows into electricity. Greater tidal variation and higher tidal current velocities can dramatically increase the potential of a site for tidal electricity generation. Because the Earth's tides are ultimately due to gravitational interaction with the Moon and Sun and the Earth's rotation, tidal power is practically inexhaustible and classified as a renewable energy resource.
The City of Mount Vema tidal project is another boost for the Mount Vema economy in terms of engineering, construction and manufacturing. The technology concept is simple but innovative, supported by a network of floating structures with specially designed turbines. The structures are also especially designed to prevent any harm to the marine environment.
Because the Mount Vema economy will depend heavily on fisheries, the marine life was a huge factor when the concept was proposed. Precautions were made to ensure that the marine animals will not be affected. Also, the issue of acoustic output has been solved, where frequency and amplitude of sound generated by the tidal energy devices, can have varying effects on marine mammals (particularly those who echolocate to communicate and navigate in the marine environment, such as dolphins and whales).
Almost like a lagoon tidal power, the plant will have walls embedded with turbines that can capture the potential energy of tides. The network of reservoirs will be similar to those of tidal barrages, except that it will float.
The power plant will rely on variation of tides over a day to take its power from the Earth's oceanic tides. Tidal forces are periodic variations in gravitational attraction exerted by celestial bodies. These forces create corresponding motions or currents in the world's oceans. Due to the strong attraction to the oceans, a bulge in the water level is created, causing a temporary increase in sea level. As the Earth rotates, this bulge of ocean water meets the shallow water adjacent to the shoreline and creates a tide.
The tidal occurrence takes place in an unfailing manner, due to the consistent pattern of the moon's orbit around the earth. The magnitude and character of this motion reflects the changing positions of the Moon and Sun relative to the Earth, the effects of Earth's rotation, and local geography of the sea floor and coastlines.
Tidal power is the only technology that draws on energy inherent in the orbital characteristics of the Earth–Moon system, and to a lesser extent in the Earth–Sun system. Other natural energies exploited by human technology originate directly or indirectly with the Sun, including fossil fuel, conventional hydroelectric, wind, biofuel, wave and solar energy. Nuclear energy makes use of Earth's mineral deposits of fissionable elements, while geothermal power taps the Earth's internal heat, which comes from a combination of residual heat from planetary accretion (about 20%) and heat produced through radioactive decay (80%).
His Mount Vema Majesty’s Government has confirmed today that the Kingdom of Mount Vema will not allow imports of any vehicle other than electric. The territory will start importing cars as soon as next year first to move around the building sites and then for residents’ daily use.
Electric cars have several benefits over conventional internal combustion engine automobiles, including a significant reduction of local air pollution, as they do not directly emit pollutants such as particulates (soot), volatile organic compounds, hydrocarbons, carbon monoxide, ozone, lead, and various oxides of nitrogen.
There are different types of electric vehicles, because an electric car's power source is not explicitly an on-board battery. Electric car with motor powered by other energy sources are typically referred to by a different name. For example, an electric car carrying solar panels to power it is a solar car, and an electric car powered by a gasoline generator is a form of hybrid car. Thus, an electric car that derives its power from an on-board battery pack is a form of battery electric vehicle (BEV). Most often, the term "electric car" is used to refer to battery electric vehicles but, may also refer to plug-in hybrid electric vehicles (PHEV).
Electric cars are less expensive to run than comparable internal combustion engine vehicles due to the lower cost of repairs and energy. However, on average they cost significantly more to initially buy, and they depreciate more quickly than conventional cars so, ARCKrove, the leading manufacturing company of Mount Vema is currently seeking deals and partnerships to make parts and assemble electric vehicles and components in Mount Vema to make it affordable for residents.
Companies registered with the Vema Seamount Territory (Mount Vema Registered Companies) must have a City of Mount Vema off-plan address, according to a new policy. The registered address is required for Mount Vema incorporated organizations to continuously display their City of Mount Vema off-plan address on their emails, brochures and websites.
The off-plan address of any legal entity of the Vema Seamount Territory, forming part of the public record, should be accepted as the required address where the registered organization or legal entity is incorporated.
The policy which was first introduced to increase the value of the City of Mount Vema off-plan properties seems to be working as more companies are reserving the limited number of available real estate plans before it is sold out. For example, this weekend alone a third of all development units for the financial district (Maryland MD08 Zone) where the head offices of the RBMV Bank, and GolleCard will be, have been reserved.
Also, a third of the development units for the technology district (San Miguel SM07 Zone) where the head office of MVScloud will be, have been reserved this weekend. Bavarolle, the real estate company of Mount Vema doesn’t list all properties for sale, but it told VSBCnews that demand is so high, it is increasing daily especially when the required deposit to secure a development unit is only 1000 golles (about $2000 US dollars). A deposit in some areas like Pashant (PT01 Zone) where the office of MONTfisheries will be, reservation prices are already at 3,000 golles per development unit from 1,000 golles last month.
Because a registered office address does not have to be where the organization conducts its actual business or trade, the Mount Vema off-plan address in now accepted to be used on headed papers and other documents for legal and filling purposes, to indicate that it is a legal entity registered with the Vema Seamount Territory.
Law firms such as VANDER Legal, and accountants are due to start providing registered off-plan office address services to any business seeking a Mount Vema off-plan address. A company providing such service must either own or rent a Mount Vema property off-plan, and such off-plan property must be licensed to conduct such business activity.
As of today, documents and official e-mail correspondences for an incorporated organization (e.g. formal notices, service of process, tax and government communications) must show the registered off-plan office address as recorded on the register. Such address may also be used by company directors instead of their private home address for contact on the register. The company director’s personal records will be kept with the register and will not be available to the public except for legal inspection.
If a Mount Vema company is involved in any legal proceedings, the case will be presided over by a Court of the governing jurisdiction (in this case by the laws of Mount Vema). Directors can change their registered office but cannot move it to another country after company formation. So, it would be a good idea to set up a business address in Mount Vema just to expand the geographical reach or the trading activities of your business if you don’t wish to register with the Vema Seamount Territory.
Handy Deed announced today that it will begin works with several concrete specialist companies outside Mount Vema to produce the moulds to build the first set of precast concrete to be delivered to Mount Vema which will be used as provisional port and as base for construction activities.
The precast concrete structures will reduce construction time by up to 50%, as the project becomes close to reality thanks to the increasing number of private, corporate and foreign governments investing in Mount Vema securities at Gollexi – The Mount Vema Stock Exchange.
The increasing number of exporters listing products for sale to Mount Vema corporations and government agencies via GolleMARKET, is also helping the project significantly as it is becoming easier for Mount Vema companies and government agencies to find businesses and governments listing and willing to sell goods and services to the Vema Seamount Territory.
The precast concrete moulds will include tetrapod moulds and other precast shapes with better inherent anti-corrosion characteristics and more sustainable material than steel for this type of construction such as the Port of Mount Vema, the floating city docks and the breakwaters.
His Mount Vema Majesty’s Ship ‘HMVMS Mount Vema’ will be ready by the end of the month and will be the first vessel to arrive to start works over Vema Seamount. The ‘HMVMS Mount Vema, is the sovereign’s ship equipped with everything needed to build the island.
The vessel is more like a "Green Yacht" with a minimal environmental footprint. An Explorer and Support Vessel designed for support operations, with reinforced hull, stabilizers, excellent seaworthiness and comfort at sea + a cruising speed exceeding 20 kts.
The vessel which is fully owned by the Vema Seamount Authority, is very reliable and comes with a fitness/spa area, entertainment area, swimming pool, and accommodation for up to 36 guests, and 100 crew members.
The ‘HMVMS Mount Vema’ has an extensive main deck area and large spaces for storage of tenders, exploration equipment, offshore construction support equipment, survey, research, large freezers which can be used when deep sea fishing, landing and storing of helicopter facility with heli-garage, including submarine storage, and dive center.
It comes with a yacht-quality accommodation, a hospital, and desalination capability, making it capable to assist and supply any vessels with extensive storage for provisions which enables it to stay at sea for up to 2 years without the need to refuel. The vessel can also process and recycle its own waste, generate electric power and can maintain contact with land-based operations anywhere with its state-of-the-art communications system.
Peter Goldishman – The Vema Seamount Authority today authorised the Mount Vema fishing industry to initiate commercial fishing activities from November at the same time as the scientific and construction sector, as part of a new plan to make sure the project pays for itself.
Just the fishing industry alone can generate more than 400 million golles in foreign exchange annually, but because the annual target will be less than the figures planned for 2025 onwards, the government expects to generate a comfortable USD $500,000,000 figure per year before 2025.
The fisheries 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. Now with all the resources available Peter Goldishman feels the time is right to start.
The 2018-2024 fishing revenues will be used to fund the City of Mount Vema project starting with the breakwaters, and the Port of Mount Vema. However, from 2025 His Mount Vema Majesty plans to join the list of top fish exporting countries as part of a long-term initiative to help combat hunger with fish and fishery products. The territory plans to reach and maintain annual targets of 200,000+ tons by 2025, to generate more than 400 million golles of fish stocks from both capture and aquaculture.
Back in 2014, the Vema Seamount Authority concerns were justified 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 since the creation of the Kingdom of Mount Vema, was to ensure that demand is always balanced with sustainable management. Today’s announcement is an indication that the territory is ready and that the Royal Mount Vema Coast Guard, supported by private armed security firms will finally be deployed to ensure that no more unregulated fishing activities take place within the Vema Seamount Territorial waters and the City of Mount Vema can be completed on schedule.
If you are traveling to Mount Vema this year and you already made your travel reservation, you need to contact your employer. If you are an employer, you need to contact the contractor, sub-contractor or the agency that processed your agreement or contract.
Employers, contractors, sub-contractors and agents are provided with a w-southern link, to enable their employees and employers to reserve a place on the next available ship to Mount Vema at a discount rate. If you have not made your reservation yet, you need to ask your employer for the w-southern private webpage, where you can make reservation.
Mount Vema introduces policy that will make the territory a plastic free state. Unless the plastic item can be reused again, again and again by the consumer or the manufacturer, it will have no place in Mount Vema society. The Government announced today.
People travelling to visit or work, should ask first if not sure, which items are allowed in Mount Vema. The list will be available at www.mount-vema.com, and will be updated from time to time.
If you are thinking about bringing any plastic to Mount Vema, make sure it is reusable, otherwise you should try to bring a paper option, to avoid a fine, plus your item been confiscated and held for you to take it back when you return to your home country.
Always consider reusable water bottle for example. Eggs in a paper carton instead of plastic packaging, toilet paper wrapped in paper rather than plastic, anything in a box instead of a plastic bag or plastic container.
Mount Vema has introduced a new policy that establishes some economic barriers to entry. The barrier is a cost that must be incurred by a new entrant into the Mount Vema Market when incumbents do not have or have not had to incur.
The policy was introduced to protect those who come first, such as distributors or retailers, trademarks, servicemarks, patents owners and the supply chains. The policy is part of a plan to support those companies who are joining the project at this crucial stages of development.
Companies will need distributor agreements, an exclusive agreement which must be made with licensed distributors or licensed retailers. Potential entrants will require access to equally efficient production technology as the one already in use in order to freely enter the market. Trademarks, Servicemarks and Patents owners have the legal right to stop other firms producing a product for a given period of time, and so restrict entry into the market. Also exclusive agreements with key links in the supply chain will be required.
Mount Vema will be a small market, but the key is to be one step ahead and identify the opportunities before the market catches up. In this type of environment, the early investors always enjoy the rewards.
Considering that for the economy to work just in terms of management of its natural resource (fish), a single district will provide accommodation to 25,000 people, which is roughly the number of accommodations allocated for each district that will total 250,000+ residents.
These are the residents that will manage seafood production, distribution, sales and marketing to the world, revenues, investments, maintenance of the fisheries infrastructures, including ships. They will all need to do their daily shopping, banking, take children to school, socialize and be entertained from time to time.
If you are a business serving 250,000+ customers including visitors, spending just about 500 golles a month each, that can generate more than 12.5 million golles (about $25 million dollars) every month, with some fees and expenses maybe just about 10 million golles a month that will be shared between government and traders.
Small income for some, but steady and reliable income for others. These figures do not include the real estate market, or any other sector. So if you are a good businessman or businesswoman, you could aim to secure at least a share of this income. A business generating at least 500,000 golles a month ($1 million dollars or $12 million US dollars a year) can go a long way.
Prince William, The Duke of Cambridge was invited to visit the Vema Seamount territory in November 2020. The invitation was issued on October the 16th and was posted on Thursday 18th, which is likely to be the last official invitation to be issued this year.
Anyone who knows the evolutionary history of Mount Vema, would expect the Monarchy of The Netherlands and The British Monarchy to be among the first to be invited, and especially the British Monarch - Her Majesty Queen Elizabeth II, one of the most respected and admired heads of state, but because of security issues no invitation was sent until now.
The Vema Seamount Authority was exploring other means of issuing the official invitation because the British Monarchy can only be officially invited by post. The problem was that Mount Vema stopped sending or accepting postal correspondences more than two years ago.
Most official correspondences from Mount Vema are either electronic using forms available on its official website which are generally encrypted and free from virus, or face-to-face. But because of deadlines, an exception was made and a postal invitation was finally sent.
The reason the Vema Seamount Authority avoids postal correspondences is not only to make Mount Vema environmental-friendly, but more for security reasons, as letters require screening for suspicious items or substances that could be a threat to general security, and therefore can be read by anyone who may not be authorized to read its content and who may not understand the importance of its content.
Employees and job applicants having their travel arrangements paid for by the employer to work in Mount Vema , including holiday travel arrangements for 2018, until December 31st, 2019 should complete their job application by midnight on Friday - October 19, 2018.
Any application completed after Friday will not be included as part of the free travel program. If your job will require regular visits to Mount Vema, we advise to apply for your entry visa by or before Friday, and inform the employer or contractor that the completion of your job application is subject to a successful temporary work visa application, in order to qualify for free travel.
The financial assistance policy, introduced to help employees with travel expenses expires - October 19, 2018. Those who don’t have their entry visa ready when called for work, will pay for their own ticket and will make their own arrangements if they wish to travel to Mount Vema for work.
Anyone planning to visit the territory independently, including job applicants, contractors, and sub-contractors, should book their ticket at www.w-southern.com.
Handy Deed, the leading building company of Mount Vema is officially bidding to build the aquaculture installations project in Mount Vema, after expressing interest in the project announced by MONTfisheries in August this year when the fisheries company instructed W-Contractors to search for companies to design and build its aquaculture installations project with minimal or no damage to the Vema Seamount marine environment.
The deal made in August, 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 for corporate and government contracts, was part of a plan to expand recruitment that started in New York City – United States, to find potential contractors and sub-contractors with the aim to attract businesses willing to bid for contracts. The sales representatives would strive to secure repeat deals wherever possible and maintain good relationships with those contractors or sub-contractors who would become existing bidders.
With so few companies applying to build the installations, today after a number of consultations and an international recruitment campaign that led to the hiring of Project Architects and Engineers, Handy Deed, the leading building company of Mount Vema said it is ready to bid for the MONTfisheries contract, in line with government policy, which states that competition must be open to everyone and contracts must be awarded to the best proposals.
MONTfisheries aquaculture project will not only be beneficial to the economy, but it will also 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
With two runways in the south of the island where issues and problems of land-based airports could be minimized by its location several kilometers off the residential area, The Ministry of National Development and Land Maintenance confirmed that the construction of the City of Mount Vema international airport should be completed by 2020.
Takeoffs and landings would be over water, not over populated areas, thereby eliminating noise pollution and reducing risks of aircraft crashes to the population. Since little of the ocean's surface is currently being used for human activity, growth and alterations in configuration would be relatively easy to achieve with minimal impact to the environment.
Water taxis and other high speed surface vessels will be a part of the offshore mass transit system that will connect the airport to the community with minimal traffic issues. Most of the airport will be made of floating structures which will have less impact on the environment than the 100% land-based alternatives.
The airport would not require much, if any, dredging or moving of mountains or clearing of green space and the floating structure will provide a reef-like environment conducive to marine life, and extra benefits to the community as wave energy could be harnessed, using the structure to convert waves into energy to help sustain the energy needs of the airport.
The City of Mount Vema plan has been redesigned to extend the Port of Mount Vema in the north of the territory and to add a second runway to the Mount Vema international airport project, which has been moved to the south according to the new master plan to increase capacity.
The Mount Vema Airport, will be a major international airport in the region. Now it lies south of the City of Mount Vema on the planning boards, with two parallel east–west runways along with an operational terminal on the site, to be the primary hub for W-Southern.
The terminal will lie within 5 kilometers by ferry to the airport from the Pashant Terminal, or 14 to 30 minutes driving (a 14 kilometers distance if driving at 60 km/h) depending on the traffic via the Mount Vema highway which will connect the airport with the city through the Port of Mount Vema.
The Port of Mount Vema will be a deep water port, designed to handle every kind of traffic.
MVScloud the IT company of the Kingdom of Mount Vema announced today that there will be WiFi - internet connection in Mount Vema from the day the first ships arrive. The announcement confirms what the company said back in May this year that it expects to have all systems ready, and to be operating by the end of the year.
People travelling to Mount Vema for work, will find internet-based communications in the island available to contact family, friends or co-workers. Everyone will be able to send an instant message to a friend, e-mail co-workers, make phone calls, and conduct video conferences.
Residents who will be living aboard will be able to save money on phone calls by sending someone an instant message or by using VoIP instead of standard local telephone services. According to MVScloud.
The news, which was welcomed by all project participants when it was first announced by W-Contractors, the main procurement company of Mount Vema who announced that it has been able to identify systems in the open market that will meet the needs of MVScloud back in April this year, indicates that a deal could be reached very soon between MVScloud and the internet system suppliers.
The government prepares to spend 600,000 golles on one of the first ships that will set sail to Mount Vema to be joined later by the rest of the fleet, forming part of Group 1, and Group 2 due to be inspected next week, as part of the 10 ships to be purchased this month to participate in the initial stages of development of the City of Mount Vema.
Surveyors are already on the job, and many are getting ready to join to conduct the scheduled inspections, surveys and examinations of merchant vessels, and other work boats to assess, monitor and report on their condition. Ensuring that best practices are observed and to offer guidance and intervention where the interests the interest of the Kingdom of Mount Vema are at risk.
The operations are part of the much bigger plan to secure ships throughout the year, 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.
Before they set sail, some of the ships will be inspected by The Vema Seamount Authority himself if possible, and if not, they will be inspected by other officials. However the Vema Seamount Authority will be in Mount Vema to coordinate the construction activities as final security detail are taking place, including transportation, and logistics.
VANDER Legal, one of the most international firm of Mount Vema is recruiting solicitors to provide expert legal support and advice to clients in areas including banking, commercial, construction, employment, equity and trusts, family, human rights, intellectual property, shipping and tax.
The solicitors will join a growing number of legal professionals providing services to VANDER Legal from across the world taking instructions from clients including individuals, groups, public sector organisations or private companies in their dealings with Mount Vema and its establishments.
Depending on the area of expertise, the solicitors will advise on a range of issues, including personal issues like buying and selling off-plan property, wills and probate, personal injury claims and criminal litigation. Commercial work includes helping new enterprises get established, advising on complex corporate transactions (including mergers and acquisitions) and business-related disputes. As well as protecting the rights of individuals like making sure they receive compensation if unfairly treated by public or private bodies.
Unlike other jobs published on W-contractons.com, applicants for the position of Solicitor will not need to be based in Mount Vema, to meet and interview clients or to establish the firm's suitability to provide the necessary advice and services, based on the firm's specialism and likely cost.
The solicitors will take a client's instructions, advise a client on the law of the Vema Seamount Territory and legal issues relating to their case, draft documents, letters and contracts tailored to the client's individual needs, negotiate with clients and other professionals to secure agreed objectives, correspond with clients and opposing solicitors, attend meetings and negotiations with opposing parties on a variety of issues.
More than 100 solicitors will be recruited by the end of the year according to VANDER Legal, and most of them will work in a team, sometimes referring cases to the head of department, supervise and delegate work to trainee solicitors, paralegals and legal secretaries as appropriate across the world.
Gollexi, the Mount Vema Stock Exchange has opened its two hours a week training course of 'How to Become a Gollexi Trader', to teach people how to use its e-trading facility especially for self-directed investing or DIY (do-it-yourself) investing.
The course was created after more than 500 people applied to trade on Gollexi this year but failed to understand how it works. With the site been reorganized and made simple to use last week, the market realized that training was key. Gollexi trading is simply buying and selling assets online.
The Gollexi is not only used by investment bankers, or other institutional investors, it is an e-trading facility for self-directed investing or DIY (do-it-yourself) investing. It serves as a hub for investors and traders worldwide. The new simplified site enables investors to place buy and sell orders; place market, limit, stop, stop-loss, and stop-limit orders; check the status of an order; view real-time stock quotes; read news on companies; view the list of securities currently held through the dashboard; etc. An investor can also access his or her investment statements, and confirmation statements.
The trading course is focused on how to make money trading securities on the Mount Vema Stock Exchange, with one-on-one or group mentoring to help reinforce those concepts. Including real-time sessions to show the techniques in practice. Helping traders quickly get to a point where they’re comfortable developing their own trading techniques.
The course costs vary but starts with 100 golles for 2 hours. "These figures may seem high on the surface, but in a market where thousands can be lost in just minutes, it’s worth the money to get a good education." Said the Gollexi on its website. The cost is also an ‘investment’ that may help aspiring traders follow through with their goals, as the courses are designed to quickly get someone to a point where they’re comfortable developing strategies and executing trades.
Traders will learn how to have the confidence and knowledge to trade on Gollexi on daily basis, discover how to minimize their risk with every trade, understand the language of the Gollexi market and trade like a professional, acquire the skills they need to trade any security in the Gollexi.
The course is for complete beginners to semi-experienced traders. There is no prior knowledge required, and once you book, it takes 10 days before your session starts. After the course, it will be easier to make money trading on the Gollexi, as an investors or a traders. To open, close, and manage market positions. All you will need to do is to maintain a funded account.
After seven months since the day the company first announced plans to partially resume services that provides financial payment products, GolleCard the leading processor of payments between the banks of merchants and card issuing banks of the Kingdom of Mount Vema, has fully reopened it payment services.
The company has been providing financial institutions with GolleCard-branded payment products since the creation of the Kingdom of Mount Vema, but it stopped offering credit card services almost six years ago when His Mount Vema Majesty’s Government and the Central Bank of the Kingdom of Mount Vema (Bank of Mount Vema) decided to restructure the Mount Vema financial system as part of a plan to improve its independent Global settlement of payment services in golles.
Because GolleCard mainly deals with Global payments in golles, any payment in other currencies, the company still relies on other financial systems especially those provided by Visa or MasterCard. So GolleCard continues to explore ways to partners with Visa and MasterCard issuers especially Pre-Paid cards, to make it easier for people in countries with no credit card facilities, to pay online for goods and services on Mount Vema websites which is becoming big business and those who are just joining must pay in currencies other than the Mount Vema currency before they start earning in golles to qualify for a GolleCard.
GolleCard enables banks to offer credit to their customers when dealing with the Kingdom of Mount Vema. The service combines payment with extensions of credit. The service is very similar to those provided by Visa or MasterCard, but in golles as it enables the cardholder to pay a merchant for goods and services based on the cardholder's promise to the card issuer to pay them for the amounts paid plus the other agreed charges within the Mount Vema financial system.
The GolleCard issuer (usually a bank) creates a revolving account and grants a line of credit to the cardholder, from which the cardholder can borrow money for payment to a merchant or as a cash advance (mostly over the counter at a bank or other financial agency, up to a certain limit).
The new GolleCard facilities now also includes charge card, which requires the balance to be repaid in full each month. However, the main services remains the one which allows the consumer a continuing balance of debt, subject to interest being charged. GolleCard now also comes with facilities for cash card, which can be used like currency by the owner of the card, but all depending on the issuer.
Group 1-C should be on standby. The government issued its second announcement as part of a series of travel announcements to be published throughout October this year to guide employers and their employees to prepare for departure.
This year, personnel will initially travel in five different groups. The first group (Group 1) which will be mainly Coast Guard personnel, site security guards and commercial divers will arrive to prepare and pave the way for Group 2.
Group 1, the security staff will provide a vital service to workers and seafarers when they need it most. They will play an integral role in coordinating emergency responses to incidents relating to coastguard missions, gathering and analysing information to inform operational plans and enable delivery. They will also provide essential maritime safety advice to people at work on building site and respond to reports concerning debris and illegal fishing activities.
They will assist in the preparedness and response to major emergencies through the maintenance and verification of appropriate records, databases and plans. Alert any related information regarding Maritime Security, assessing information and passing it to the most appropriate authority while updating databases.
They will also provide maritime safety information, safety advice and maritime information, such as tides and weather, navigational risks, safety advice and procedures. Monitor vessel movements through the Marine Traffic Management Systems, identifying anomalies, intervening and responding to them, providing information and advice to vessels and incident response and reporting.
Commercial diver who will also form part of Group 1, will be filming and photograph underwater sites, to prepare the ground to guide crane operators who we will arrive later with Group 2. The divers will inspection equipment and structures that are below the surface of water and make sure that any bad equipment or structure is safely removed, while preparing to perform activities related to underwater search and rescue, salvage, recovery and cleanup operations, making sure that any waste is removed to prevent pollution in the sea.
They will prepare the ground for Group 2, the Project Architects, Civil Engineers and Naval Engineers, Accommodation staff, chefs, housekeeping, cleaners, entertainers etc. who will arrive after, and who, will prepare the ground for Group 3.
The announcement also serves to signal travellers to get all their paperwork in order including those who have not yet applied for their temporary work visa to apply as soon as possible, because under the new financial assistance policy, employees who don’t have their entry visa ready when called for work, will pay for their own ticket and will make their own travel arrangement if they wish to work in Mount Vema.
Those making their own travel arrangements, anyone who wishes to visit Mount Vema can book it at www.w-southern.com, as W-Southern has started processing reservations for anyone planning to visit the territory independently.
The latest internet traffic report published by the Mount Vema government today, indicates that for the fourth consecutive month, the United States continues to be the leading nation when it comes to interest in the City of Mount Vema developments.
The report which is compiled on monthly bases, and published from time to time, shows that the popularity of the City of Mount Vema Project among people and the business community is much stronger in the United States of America than any other country, in comparison to the last time the data was published.
The report has helped companies such as W-Contractors to capitalise on this visionary and pioneering confidence of Americans to recruit key personnel for Mount Vema corporations. More US citizens than any other nation is scheduled to arrive in Mount Vema to work as divers, engineers, chefs, project managers and including investment bankers who have joined, bringing with them unique skills that are helping the flow of capital into the project in ways never seen before.
Analysts say that the report indicates that interest from the USA is expected to remain steady as the City of Mount Vema project gains 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, job applicants and the number of Americans who have successfully applied for Mount Vema Work Visa and holders of Mount Vema Government Bonds.
His Mount Vema Majesty King Peter J. Goldishman - The Vema Seamount Authority is scheduled to meet more than 10 world leaders before departing to Mount Vema where he will personally oversee the works over Vema Seamount.
Arrangements and final security detail are taking place, including transportation, and logistics. Peter Goldishman is seeking face to face meetings with leaders of countries that could be crucial in the success of the city project specially in terms of logistics.
With so much investment being secured for the project, the Vema Seamount Authority feel confident that he has the means for a solid burgeoning trade with the rest of the world and will seek to reassure leaders that Mount Vema will be a reliable partner with regards to economic development and poverty reduction through job creation.
The government has not yet published the list of which countries he will visit but people close to the monarch told VSBCnews that the list will be published as soon as all dates have been confirmed. But because the focus remains supplies, building materials and skilled workers, you can almost guess where he will be going to.
The travel arrangements are also part of a long-term plan to offer sweeteners immediately, by announcing millions of jobs by placing orders for new ships, rescue helicopters, household goods, furniture, office equipment, medicine, and other equipment and parts, in the countries he will be visiting, to support the economy of the Kingdom of Mount Vema.
The Government has confirmed rumours that it has authorized W-Contractors to spend 1.6 million golles to pay for a floating dry dock before the end of October. The purchase is part of a plan to acquire three large floating dry docks for building, maintenance, and repair ships, boats, and other water craft in Mount Vema.
The docks will be used during the construction of large structures for the City of Mount Vema, as they have always been the key in construction of large structures. One example is the dry dock on the artificial island of Neeltje-Jans used for the construction of the Oosterscheldekering, the large dam in the Netherlands that consists of 65 concrete pillars weighing 18,000 tonnes each. The pillars were constructed in a drydock and towed to their final place on the seabed.
The dry dock will be the work place for architects, project engineers, naval architects and foremen, and will be key to ensuring the safe, timely and well-resourced completion of projects in many areas including buildings the Port of Mount Vema, the Yacht Harbour, the floating city ducks and breakwaters.
Dry docks will continue to be used after the construction of the City of Mount Vema, by naval architects to design, build and repair floating structures and homes for the City of Mount Vema project, including build and repair ships boats and other seafaring vessels and offshore structures including ferries, high-speed craft, merchant ships - tankers, cargo ships, passenger liners, pleasure craft - yachts, power boats, working vessels - fishing boats, and rescue boats.
Group 1-A and Group 1-B should be on standby. The government announced in what is the first of a series notices to guide employers and their employees to prepare for departure. To get all their paperwork in order including those who have not yet applied for their temporary work visa to apply as soon as possible.
From today work visa applications will be processed faster to keep in line with travel schedules. However, under new rules, employees who don’t have their entry visa ready when called for work, will pay for their own ticket and will make their own travel arrangement if they wish to work in Mount Vema.
Now, anyone who wishes to visit Mount Vema can book it at www.w-southern.com. Booking a trip to Mount Vema was once reserved to those who were already granted visa to visit the Vema Seamount territory. But from today, the main transport company of Mount Vema W-Southern has started processing reservations for anyone planning to visit the territory whether they have already been granted their entry visa or not.
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