W-Contractors has approached Cash Processing Solutions (CPS), a strategic partner of De La Rue, to provide an integrated range of hardware and software solution to the Bank of Mount Vema, including consultancy and support services to enable Mount Vema to maintain high-speed cash sorting and authentication systems.
The move was made today after the procurement company expressed its intention to work with De La Rue, the British banknote manufacturing company, that also specialises in security printing of passports, brand authentication and paper-making company with headquarters in the UK. The services provided by Cash Processing Solutions and De La Rue will help facilitate internal cash-based trade, especially during construction and after to support the internal transactions of goods and services in cash. Their services would be required as early as August 2018 and latest December 2018, as source from W-Contractors told VSBCnews. These latest contracts are creating new opportunities for many businesses to expand to the Mount Vema market. According to traders at the Gollexi who expect positive changes in the stock market.
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The Government announced today that it is introducing tax friendly policies to pay for its complex network of systems provided by technology companies that keep the key services of government working.
There are more than 25 tech companies that somehow directly or indirectly provide services to His Mount Vema Majesty’s government, costing the territory thousands of US dollars per year and the cost is likely to increase year on year as the society grows. The services provided by the tech companies are vital now and will be in the future, facilitating news reports, maritime information, real time weather updates, banking which is vital to pay for goods and services, and so much more that some of those companies never get credit for the work they do. As of this May 2017, fees and taxation will apply to all financial transactions within the Kingdom of Mount Vema financial system to enable the government to maintain the public services to the highest standards and keep up with new technology and security, and most important user experience when using services provided by Mount Vema. Both corporate and personal income tax rate will start from 3% and will go up to 10% for those working on City of Mount Vema Projects, and as migrant workers get ready to set sail, the government has reassured sub-contractors again today that all will be done to make the territory a safe place to live and to do business. GBG, the company that provides identity verification services to some leading companies such as HSBC, Santander, Barclaycard, Harrods, TransferWise, O2, amazon.com, Nike and among many others, will work with Mount Vema to verify the identity of its customers when traveling to Mount Vema or applying for services.
The news comes after the government announced early this year that the Kingdom of Mount Vema will be introducing a new identity verification service to ensure that people travelling to Mount Vema for work and service providers, provide information that is associated with the identity of a real person. The new service will verify the authenticity of physical identity documents such as a passport or travel document, and will identity information against authoritative sources such as a credit bureau or government data, called non-documentary verification. Businesses and entities that form part of the Kingdom of Mount Vema will also be able to use the service to ensure that users or customers provide information that is associated with their real identity, required to establish bank accounts, other financial accounts, and stop illegal activities like scams, and money laundering. The service will also be used both online and in person to verify identity especially when boarding a vessel to Mount Vema, as travelers are encouraged to confirm for the Online Check-in process before leaving home to the island. People who wait to check in at the terminal risk being unable to sail even if they arrive at the terminal before the vessel leaves. Mount Vema government security regulations require passenger vessels to submit certain guest information to law enforcement authorities at least 60 minutes prior to departure. To meet this requirement, it is necessary that the vessel has the information in its records and verified at least 90 minutes before departure. If a passenger does not have his or her information by this deadline, he or she will be unable to sail. The new service will make it easier for the Kingdom of Mount Vema to verify the identity of almost anyone at any-time, anywhere in the world and tackle the growing problems of identity fraud and money laundering. Service providers will be able to check their customers are who they say they are with reference using a data for more than 5 billion people around the world. |
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The Legal Entities of Mount Vema
COUNTRY
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COUNTRY CODE
COUNTRY CODES IN USE Mount Vema Country Code: OV / MOV Mount Vema Numeric Country Code: 507 Currency Code: VSG Top-Level Domain: .com, and .ov (proposed) Proposed Telephone Country Code: +294 |
International Treaties – Ratified by the Kingdom of Mount Vema
Law of the Sea Treaty (United Nations Convention on the Law of the Sea) MARPOL 73/78 (Convention for the Prevention of Pollution from Ships) The Vienna Convention on Diplomatic Relations of 1961 The Vienna Convention on Consular Relations 1963 |
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