The Vema Seamount Authority authorized his government today to grant new licenses to companies and people willing to operate floating hotels in Mount Vema to accommodate project architects, engineers, divers, environmentalists, journalists, and other members of the work force due to depart to Mount Vema.
The successful applicants will only need to bring the qualified manpower, as the equipment, supplies and the cruise ships to be used as floating hotels will be provided by the Government and will be leased to licensed hotel operators for five years.
Although the license application is open to everyone, the government is encouraging especially those with background in hospitality who are departing to Mount Vema to work as Chefs and who already have a Mount Vema Temporary work Permit, to apply to operate the floating hotels.
The license can be renewed every five years and so is the lease which can be subleased to another person. The owner will have the responsibility to maintain the hotel opened throughout the year and maintain the highest standards of service with full accountability for budgeting and financial management, planning, organizing and directing the hotel services, including reception, concierge, reservations, and food and beverage operations of their hotels.
Hotel owners will need to have a strategic overview and planning ahead to maximize profits, pay attention to details, setting the example for staff to deliver a standard of service and presentation that meets guests' needs and expectations when visiting Mount Vema. The hotel owners must also promote and market the business abroad (outside Mount Vema) and if necessary organise events to attract new customers.
Revenue Potential: Hotels in Mount Vema, especially at this stage of development depending on the type of license granted will generate over 1 million golles per year in revenues with a profit of over 1 million golles per year, and this is just for a license for a floating hotel with a minimum 500 rooms. There are licenses available for floating hotels with over 2000 rooms.
Where will the customers come from? If you are worried about where your customers come from, just look into the amount of work activities that will take place in Mount Vema in all industry sectors. They will all need a place to stay, and some will be on long term contracts. Some will have their accommodation paid to the hotel by the employer and some will be on salaries that will enable them to pay for their hotel room themselves.
Request for license applications forms should be submitted as soon as possible. A License for a floating hotel with up to 500 rooms cost 25,000golles, a license for up to 1000 rooms costs 50,000golles, for up to 1500 rooms costs 75,000 golles, and for up to 2000 rooms cost 100,000 golles.
License payment are flexible, the license applicant can pay 10% of the license fee on application, 40% upon departure to Mount Vema and 50% after arriving in Mount Vema. License owners will be able to start making money from the business from day one upon arrival.
The entire license application process takes between 2 weeks to 2 months, and it is processed faster when the applicant already applied for a Mount Vema visa or other type of permit. To express interest, contact www.mount-vema.com – use the official contact page.
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