Company registration now a self-service, as new levy on Mount Vema offshore companies comes into operation
March 12, 2022 – To register a company in Mount Vema has been made easier this week after The Mount Vema Companies Agency introduced a self-service company registration form on its official webpage.
The service was expected this month after sources told VSBCnews in February that the Companies Agency was planning to introduce it this month as soon as His Mount Vema Majesty’s Revenue Services introduced the levy on corporations that can demonstrate that their turnover is generated outside of the confines of His Mount Vema Majesty’s realm.
The levy which is called ‘AMVS Tax’ (Annual Mount Vema State Tax) is a flat fee 500 golles. It is a tax obligation payable annually before or no later than the 31st of August.
With the companies registration services made easier, the Mount Vema Companies Agency which is the registrar of companies and an executive division of His Mount Vema Majesty's Government, which operates under the responsibility of His Mount Vema Majesty’s Revenue Services expects more people from around the world to join the growing economy of Mount Vema.