The Kingdom of Mount Vema has announced on Tuesday, that the state has updated its global childcare policy to include people on lower income working for foreign companies (contractors and sub-contractors) providing goods and services to the legal entities of Mount Vema worldwide.
 
As the Mount Vema economy grows, beginning January 2024, His Majesty's Government of Mount Vema will fund the cost of childcare for those on low income who contribute or will afford to bring time and skills to the Kingdom of Mount Vema anywhere in the world.
 
Outside Mount Vema the fund will be available during the year 2024 to 2034, and will be managed by the Royal Embassy of the Kingdom of Mount Vema through third parties. Applications can be submitted as of December 2023, and must be done by the employer through the approved channels of communication as established by contract. >>>

The Treasury of His Mount Vema Majesty's Government is informing private and institutional investors who have invested in the following marketable securities of His Majesty’s Government of the Kingdom of Mount Vema, that these bonds and bills are coming to maturity:

The 10 Year Bond Series- MVG-Bond-28DEC23, issued on the 28th of December 2013.  
The 6 Month Bill Series- MVG-6M-07DEC23, issued on the 7th of June 2023.
 
Payments will be made on Wednesday the 6th of December 2023 at 4pm in Mount Vema currency for MVG-Bills, and payments for MVG-Bonds will be made on Wednesday the 20th of December 2023 at 4pm in Mount Vema currency.  
 
For purchases made through brokers, and third parties, with returns payable in foreign currency such as the US dollar, the British Pound, the Euros, and the Japanese Yen, payments will be made at 2pm on Thursday the 7th of December 2023 for MVG-Bills, and the final payments for MVG-Bonds will be made on Thursday the 21st of December 2023.
 
For purchases made through brokers, and third parties, payable in other currencies, payments will be made at 2pm on Friday the 8th of December 2023 for MVG-Bills, and the final payments for MVG-Bonds will be made at 2pm on Friday the 22nd of December 2023. 
 
Foreign trusts, estates, partnerships, individuals, organizations, foreign governments, and corporate investors who have purchased directly or through a broker or financial institutions whose payment details have changed, should contact Mount Vema to update their payment details before the 28th of November 2023.
 
Primary market Sell of the next 10 Year Bond, and the next 6-month bill will close as follows:
6 Month Bill: Series MVG-6M-07JUN24, on Monday the 4th of December 2023.
10 Year Bond: Series MVG-Bond-28DEC33, on Friday the 22nd of December 2023.
 
Bonds and Bills on the primary market may be purchased at the Gollexi online (the Mount Vema Stock Exchange) or through authorized brokers, privately, or directly from the Treasury of His Mount Vema Majesty's Government. Offering must be expressed as a discount rate. ​Noncompetitive bids from a Foreign and or an International Monetary Authority must not exceed 50 million per account.  >>>

The price of a Mount Vema off-plan property title is up 4%, according to a VSBCnews source at Bavarolle, the leading real estate agency of the Kingdom of Mount Vema. The price increase is almost as projected by analysts at the hedge fund firm VemaGrowth who told VSBCnews last year that they expect a price increase of 3% to 5% by the end of 2023.   
 
On Tuesday VemaGrowth told VSBCnews that this trend is now likely to continue with prices expected to reach 8% at least until activities move from preparations for construction to onsite activities. After that, the firm is expecting a significant increase in off-plan title prices maybe by 2025 and up to 2027 in double digits.   
 
The 4% price increase this year comes after last week’s announcement that Gate Bridge, the project which will be the main point of entry for any vessel visiting the City of Mount Vema and the main link between the city and the 5th Avenue, has officially moved from drawings to preparations for construction, and is now scheduled to be completed and inaugurated by the 1st of November 2027. >>>

Gate Bridge, the project which will be the main point of entry for any vessel visiting the City of Mount Vema and the main link between the city and the 5th Avenue, has officially moved from drawings to preparations for construction, and instead of offices only as initially planned, the two towers will also be developed as a 5-star hotel.    
 
The Gate Bridge (the bridge) and the Gate Bridge Towers will be among the first structures to be built in Mount Vema. Located north of the district of Gatebridge, the towers will stand just over 100 meters to become the tallest building in the Kingdom of Mount Vema.
 
The two towers will feature 25 stories each, preparations for construction officially began today November 1st 2023, and construction is scheduled to be completed and inaugurated on the 1st of November 2027. The 21st floor will be the main viewpoint with special features to offer panoramic views over the marina, and the entire City of Mount Vema during and after construction, not only for hotel guests but also for visitors and the general public who will be required to book in advance and pay a fee for the experience. 
 
The towers’ 25 stories will not only provide the base for the first live broadcasting studio of VSBCnews, it will also comprise a hotel with a combination of hotel rooms and serviced apartments, office complex, meeting facilities, retail facilities, coffee shops, and a 4-floor restaurant. Negotiations with potential tenants, especially businesses with plans to maintain a base in the territory to invest not only in Mount Vema, but as well as in other countries in the region especially in Southern Africa are also expected to start this year. >>>

Veman Airlines has finally listed on the Stock Exchange this morning. The announcement was expected after a source familiar with the structuring of the company, told VSBCnews in March that the company which was created and designed to be the flag carrier of the Kingdom of Mount Vema was in talks with investors to list on the Mount Vema Stock Exchange.
 
Veman Airlines was founded by the Mount Vema Monarchy to provide scheduled air transport services for traveling passengers, and to be headquartered on the grounds of the City of Mount Vema Airport. The company aims to form partnerships and alliances with other airlines for codeshare agreements, in which they both offer and operate the same flight especially those destined to Mount Vema in the near future.
 
The airline was as of last week managed by His Mount Vema Majesty’s government aiming to become a charter operator to support the City of Mount Vema construction by renting entire aircraft, thus joining the services already provided the Mount Vema cruise liner company W-Southern. >>>

The Treasury of His Mount Vema Majesty's Government is informing private and institutional investors who have invested in Mount Vema Government Bills also referred to as MVG-Bills maturing on the 7th of November 2023 (6 Month Bill Series- MVG-6M-07NOV23) that these Bills are coming to maturity. Payments will be made on Wednesday the 8th of November 2023 at 4pm in Mount Vema currency.  
 
For purchases made through brokers, and third parties, with returns payable in foreign currency such as the US dollar, the British Pound, the Euros, and the Japanese Yen, the final payments will be made at 2pm on Thursday the 9th of November 2023. 
 
For purchases made through brokers, and third parties, with returns payable in other currencies, payments will be made at 2pm on Friday the 10th of November 2023. 
 
Foreign trusts, estates, partnerships, individuals, organizations, foreign governments, and corporate investors who have purchased directly or through a broker or financial institutions (holders of the securities Series- MVG-6M-07NOV23) whose payment details have changed, should contact Mount Vema to update their payment details before the 28th of October 2023.
 
Primary market sell of the next 6-month bill will close on Thursday the 2nd of November 2023. Bills may be purchased at the Gollexi online (the Mount Vema Stock Exchange) or through authorized brokers, privately, or directly from the Treasury of His Mount Vema Majesty's Government.
 
6 Month MVG BILLS OFFERING – Series: MVG-6M-07MAY24
Total Issues: 1,000,000
Offering Amount: 80 golles
Value Per Security: 100 golles
Issue Number: MVG-6M-07MAY24
Primary Market Order Deadline: November 2, 2023
Issue Date: Nov 07, 2023
Maturity Date: May 07, 2024
Total Outstanding by Maturity Date: 100,000,000 golles
Minimum Bid Amount and Multiples: 80 golles
Noncompetitive Closing Time: 4:00 UTC + 1hour
Competitive Closing Time: 4:30 UTC + 1hour
This Offering must be expressed as a discount rate. 
​Noncompetitive bids from a Foreign and or an International Monetary Authority must not exceed 50 million per account.  >>>

The floating City of Mount Vema urban plans which was redesigned, to reflect the natural shape of the area to be developed, has enabled the state to erect two more districts off-plan. So, the Kingdom of Mount Vema is now officially divided into 12 Districts which are Pashant, Bella Vista, Neverland (the capital of the kingdom), Roseland, Northland, Eastland, San Miguel, Maryland (the capital of the city), Westland, Southland, Gatebridge, and Westgate.
 
The new design has moved some districts to different locations within the master plan, and will affect the allocation of district zones, some off-plan district addresses, and will also affect the number of seats allocated for legislative assembly. The Congress of Mount Vema now has 54 seats allocated as follows:
 
The Mount Vema House of Representatives - Each of the 15 members of the House of Representatives representing: Ministerial Departments (15 seats), and the cabinet officials for district affairs (appointed by the Prime Minister for each district zone = 27 seats) to examine and look after the interest of the work of the Government and the nation on their respective allocated zones.
 
The Official Opposition - Each of the 27 members of the House of Representatives Official Opposition represents: Each District Governor (12 seats), the Governors of each Special Administration Zones elected by the people (3 seats), and the elected representatives for congress for each district (12 seats) with the mandate to look after the interest of their respective zones.
 
Although onsite construction works are due to start next year, the City of Mount Vema project will take some decades to complete with more than 100,000 contracts to be awarded to domestic and foreign companies already providing or who will be providing goods and services to Mount Vema. >>>

Banks and financial institutions agreed on Tuesday to reduce the amount they charge new customers opening Mount Vema bank accounts from 500 golles to 50 golles, after the government updated its banking policy on Monday.
 
The new policy states that anyone applying for a Mount Vema bank account is no longer required to have an ISN (Mount Vema social security number), and that the government will no longer be charging banks a levy on every new accounts opened within the Mount Vema financial system, which has enabled the banks to reduce the account set up fee to a level that enables the financial institutions to charge only what is needed to cover the initial costs of the services they are licensed for which most of the time require partnerships with other non Mount Vema financial and tech entities across the world who also incur costs when providing services to Mount Vema.  >>>

The Kingdom of Mount Vema has updated its global medical insurance policy to include people on lower income working for foreign companies (contractors and sub-contractors) providing goods and services to the entities of the Kingdom of Mount Vema worldwide.
 
The Mount Vema international medical insurance is a fundamental right that all Mount Vema citizens enjoy, established by the Monarchy of Mount Vema as a universal and free healthcare. Members of the Mount Vema society worldwide can seek treatment free of charge at any private clinic anywhere, with all costs subsidized by His Mount Vema Majesty’s Government.
 
On Wednesday the government has updated the policy to include anyone on lower income working for foreign companies (contractors and sub-contractors) providing goods and services to the entities of the Kingdom of Mount Vema worldwide. The policy also covers the employee's dependents (spouse, children and parents). >>>

The Bank of Mount Vema announced that it has kept interest rates unchanged. The announcement indicates once again that the Central Bank which has not changed its 3.45% lending rates for more than 15 years, is not likely to do it any time soon. 
 
The decision is in line with the Reserve Bank directives to the central bank to accomplish foreign exchange operational goals, the government's directives to the central bank to accomplish the government's goals specially with regards to construction operations, the currency of the principal sum lent or borrowed, the term to maturity of long and short term investments, the perceived default probability of borrowers, supply and demand in the market, the amount of collateral, special features like call provisions, reserve requirements, compensating balance, as well as other factors.
 
In the economy of Mount Vema interest rate targets are a vital tool of monetary policy and will be taken into account when dealing with variables like inflation, and unemployment in the future. Today however, only lending and investments are mostly taken into account.  >>>

The Treasury of His Mount Vema Majesty's Government is informing private and institutional investors who have invested in Mount Vema Government Bills also referred to as MVG-Bills maturing on the 7th of October 2023 (6 Month Bill Series- MVG-6M-07OCT23) that these Bills are coming to maturity. Final payments will be made on Wednesday the 4th of October 2023 at 4pm in Mount Vema currency.  
 
For purchases made through brokers, and third parties, with returns payable in foreign currency such as the US dollar, the British Pound, the Euros, and the Japanese Yen, the final payments will be made at 2pm on Thursday the 5th of October 2023. 
 
For purchases made through brokers, and third parties, with returns payable in other currencies, payments will be made at 2pm on Friday the 6th of October 2023. 
 
Foreign trusts, estates, partnerships, individuals, organizations, foreign governments, and corporate investors who have purchased directly or through a broker or financial institutions (holders of the securities Series- MVG-6M-07OCT23) whose payment details have changed, should contact Mount Vema to update their payment details before the 28th of September 2023.
 
Primary market sell of the next 6-month bill will close on Thursday the 5th of October 2023. Bills may be purchased at the Gollexi online (the Mount Vema Stock Exchange) or through authorized brokers, privately, or directly from the Treasury of His Mount Vema Majesty's Government.
 
6 Month MVG BILLS OFFERING – Series: MVG-6M-07APR24
Total Issues: 1,000,000
Offering Amount: 80 golles
Value Per Security: 100 golles
Issue Number: MVG-6M-07APR24
Primary Market Order Deadline: October 5, 2023
Issue Date: Oct 07, 2023
Maturity Date: April 07, 2024
Total Outstanding by Maturity Date: 100,000,000 golles
Minimum Bid Amount and Multiples: 80 golles
Noncompetitive Closing Time: 4:00 UTC + 1hour
Competitive Closing Time: 4:30 UTC + 1hour
This Offering must be expressed as a discount rate. 
​Noncompetitive bids from a Foreign and or an International Monetary Authority must not exceed 50 million per account.  >>>

The Kingdom of Mount Vema has updated its global housing policy to include people on lower income working for foreign companies (contractors and sub-contractors) providing goods and services to the entities of the Kingdom of Mount Vema worldwide.
 
As the Mount Vema economy grows, beginning October 2023, His Majesty's Government of Mount Vema will ramp up the purchase and construction of housing projects in more than 60 countries to provide affordable "social housing" for those on low income who contribute or will afford to bring time and skills to the Kingdom of Mount Vema anywhere in the world.
 
Outside Mount Vema the houses will be managed by the Royal Embassy of the Kingdom of Mount Vema through third parties, and when an occupant has been living in the property for more than 10 years, the occupant will then be able to apply to buy the property during a period of 15 years at a discount price.
 
The application form is now available on the Mount Vema social housing webpage. Applicants who wish to be added to the waiting list, can now apply as of September 7th 2023. >>>

The territory will be providing lines of credit with a limit of up to 30 billion golles to individuals worldwide in forms of low or no interest credit cards, 60 billion golles worth of credit to businesses worldwide, and up to 110 billion golles in credit to foreign governments.
 
The plan is to help the legal entities of Mount Vema and foreign entities with liquidity when tendering for Mount Vema contracts, although it was first proposed as a plan to deal with excess inventory. As the economy of Mount Vema growths so will the inventory. The territory will have plenty of excessive stock of all kinds of goods, as well as services especially now that the territory begins to stockpile and prepare for construction. Those with a line of credit will be able to purchase just about anything to meet their day-to-day needs from Mount Vema’s strategic warehouses worldwide.
 
For the Reserve Bank perishable supplies, which could cause the loss of millions of golles as the product's freshness may deteriorate to such an extent that it cannot be sold, as is the case with dairy products, fresh baked goods, flowers, produce, fish, and meat, the territory should provide the tools and the means for others to buy from Mount Vema. Including consumables such as oil, gasoline, paints, and medications as well as time-sensitive items such as periodical literature.
 
The Royal Mount Vema Reserve Bank line of credit will be a combination of secured by collateral (with a higher maximum credit limit and significantly lower interest rate) and unsecured (with slightly higher-interest rate and restricted credit line limit) facility which will enable customers to draw on the facility when funds are needed, and will take several forms, such as an overdraft limit, demand loan, special purpose, export packing credit, term loan, purchase of commercial bills, as well as revolving credit card accounts. It will be effectively a source of funds that can readily be tapped at the borrower's discretion. Interest will be paid only on money actually withdrawn.
 
For the Reserve Bank to provide this type of credit facility, foreign citizen, business, or government will need to open a bank account with a bank registered with or licensed by the Kingdom of Mount Vema. >>>

The Treasury of His Mount Vema Majesty's Government is informing private and institutional investors who have invested in Mount Vema Government Notes also referred to as MVG-Notes maturing on the 28th of August 2023 (5 Year Note Series-28AUG23) that these Notes are coming to maturity. Final payments will be made on Monday the 28th of August 2023 at 4pm in Mount Vema currency.  

For investments received through brokers, and third parties, with returns payable in foreign currency such as the US dollar, the British Pound, the Euros, and the Japanese Yen, the final payments will be made at 2pm on Tuesday the 29th of August 2023. 

For investments received through brokers, and third parties, with returns payable in other currencies, payments will be made at 2pm on Wednesday the 30th of August 2023. 

Foreign trusts, estates, partnerships, individuals, organizations, foreign governments, and corporate investors who have invested directly or through a broker or financial institutions (holders of the securities Series-28AUG23) whose payment details have changed, should contact Mount Vema to update their payment details before the 28th of August 2023.

Primary market purchases of the next 5-year 28AUG notes will close on Friday the 1st of September 2023, and may be done through authorized brokers, privately, or directly from the Treasury of His Mount Vema Majesty's Government. >>>

Foreign recruitment agencies including Mount Vema’s own W-Contractors, are preparing to deals with an increase in business activity worth billions, after the government confirmed that the economy of the Kingdom of Mount Vema will be creating more than 100,000 jobs during the fiscal year 2023/2024 which starts on the 1st of September this year 2023, which will pave the way for construction activities to move on site in Mount Vema just after September 1st 2024.     
 
W-Contractors is advising candidates to apply at least one year in advance, first for Work Visa, which can take up to 90 days. Then, once work visa is granted, to apply apply for the ISN (Mount Vema social security), this process can also take up to 90 days. Once Work Visa, and ISN is sorted, candidates can then apply for a Mount Vema bank account which is a requirement to conduct any business, or to apply for a job in Mount Vema or to temporarily work for a legal entity of Mount Vema overseas before relocation to Mount Vema. >>>

Multiple sources with links to His Mount Vema Majesty’s Government have told VSBCnews that the first underwater surveillance drone has been deployed in Mount Vema. The confirmation comes after the drone sent its first, and very specific highly confidential data including images and sound, related to illegal fishing activities in Mount Vema during the first week of August 2023.
 
The deployment of drones is part of the first stage to establish law enforcement, intelligence, counter intelligence and defense capabilities on site before expensive equipment to be used to build the City of Mount Vema can be deployed. >>>

August 1st , 2023 is an official bank holiday. Mount Vema marks 17 years of statehood. Independence Day has become one of the most special events in the Mount Vema calendar, the time of the year when the society, celebrates the day when Vema Seamount, and its adjacent waters became a sovereign territory, and officially the Kingdom of Mount Vema.
 
Because this year the bank holiday celebration has been moved to Friday 4th of August, the government has announced on Monday that except for security and emergency, all services provided by Mount Vema institutions including the ones operating online will be closed for business during the bank holiday weekend. >>>

July 25th is Mount Vema Women's Day. It is an official bank holiday, and the annual event that celebrates and recognizes the achievements of women in the Mount Vema society worldwide. Because this year the bank holiday celebration has been moved to Friday 28th of July, the government has announced on Tuesday that except for security and emergency all services provided by Mount Vema institutions including online will be closed for business next weekend. Within the Mount Vema society, it is becoming customary for men, and including employers to give women gifts, and for children to give small presents to their mothers and grandmothers. >>>

The Ministry of National Development and Land Maintenance is inviting companies to submit proposals to supply cement, to the Mount Vema market of building materials. 
 
The Kingdom of Mount Vema intends to purchase cement at wholesale price payable in foreign exchange from any company, and any country able to guarantee that it can provide a reliable supply of cement for the next 5 years. The contact which will be renewable will start as soon as an agreement is reached.
 
Deliveries will be made to a third country for storage and distribution purposes as per contract, however suppliers must be able to organize all the legalities required and arrangements to export goods and services to the Kingdom of Mount Vema either through special agreements between the supplier and the government of their home country or through the use of free ports to deliver on schedule, and in accordance with the terms of contract.
 
Interested parts must visit the official webpage for Mount Vema Tenders and Contracts and register to request and access documents for projects and services out to tender. >>>

The Royal Mount Vema Department of Defense has approved the request for surveillance drones submitted in March this year 2023 by the Mount Vema Ministry of Security and Emergency Response.
 
The Ministry which reports to the team of officers who operate the office of the Prime Minister and is responsible for coordination of defense and emergency operations within His Mount Vema Majesty’s realm, has submitted the request for five advanced surveillance drones to be deployed as soon as possible.
 
On Tuesday, the Royal Mount Vema Department of Defense also referred as BraveHouse which reports direct to the sovereign in his capacity as supreme commander of the armed forces, and responsible for military procurement, awarding and management of defense contracts, and budgeting, has agreed to make available the required drones not only for the military but also for the law enforcement agencies of Mount Vema.
 
The drones request according to security analysts is another indication that expensive equipment to build the city of Mount Vema, which will require the highest level of security, could soon be dispatched to the territory. >>>

The Mount Vema rule of royal succession which was due for review in May this year 2023, will remail unchanged. The rule is reviewed by the Mount Vema Sovereign every five years for a smooth transition in case of the sovereign’s death.
 
The rule currently states that the spouse must hand over the title to the spouse of the new sovereign and he or she becomes known as the King Father or the Queen Mother of Mount Vema, or The Grand Father or Grand Mother of Mount Vema. The Law says that no person, except a member of the Mount Vema royal family, at the time of the adoption of the constitution, will be eligible to the post of Veman Sovereign - Vema Seamount Authority.
 
Neither any member of the Mount Vema royal family be eligible to that post who has not attained the age of twenty-one years, except in case of emergency or exceptional circumstances. The rulers of the Kingdom of Mount Vema, must be the product of a matrimonial union only and, they must be the only children with the reserved right to the throne and bear the Goldishman family name.
 
In case of absence of the Veman Sovereign - The Vema Seamount Authority, or of his death or inability to discharge the powers and duties of Vema Sovereign and of supreme ruler of the territory, the same shall devolve on to: The order of succession established by the Mount Vema royal order 30112020-1.
 
​It is import to note that although the Monarchy of Mount Vema is hereditary, the next in line will be in accordance to the will of the sovereign, only when the sovereign chooses not to apply to this right, then the first born of the matrimonial union becomes the Vema Seamount Authority. >>>

A proposed document on property ownership advising His Mount Vema Majesty King Peter Goldishman in March this year 2023, to introduce a rule to state that except for the state, no person or legal entity of Mount Vema including foreign entities will be permitted to own more than two properties in the Kingdom of Mount Vema was rejected by the Sovereign.
 
The Office of His Mount Vema Majesty the King issued a statement today that the King has no plans to introduce such rule for the time being.  The statement also said that the Kingdom of Mount Vema already has statutory instruments in place such as the Vema Seamount Settled Land Act, 2019, and The Law of Property (Vema Seamount) Act, Mount Vema 2019, for regulation and better distribution of wealth in the territory with regards to real estate.
 
The Vema Seamount Settled Land Act 2019, is a legislation relating to power to grant land for public, and charitable purposes, powers of tenants for life, power for tenant for life to enter into contracts, powers of sale and exchange, regulations related to rents of land for building, and fishing, and matters relating to general settlement within the Vema Seamount Territorial waters (in Mount Vema), and The Law of Property (Vema Seamount) Act 2019, is a legislation to make provisions related to conveyancing and the law of property in the Kingdom of Mount Vema. >>>

Royal Order 22092020-1 which permitted anyone with a significant interest in the Mount Vema society or within the Vema Seamount territorial waters to stand as a candidate in districts and general elections was repealed on Monday.
 
Order 22092020, which was relaxed in September 2020 was introduced to enable owners of Mount Vema title plans (off-plan real estate), and holders of Mount Vema Government marketable securities such as MVG-Notes and MVG-Bonds to stand for the congress of Mount Vema.
 
The rule was primarily due to be repealed in December 31st 2054, to give way for Mount Vema citizens to become the only qualified people to stand as candidates in any elections for congress or for the post of Prime Minister of Mount Vema from January 1st 2055.
 
However, due to the world’s changing environment, in May this year security analysts told VSBCnews that the Vema Seamount Authority was going to repeal the rule cited as Royal Order 22092020 as part of a plan to maintain the complete neutrality of the state (the Kingdom of Mount Vema) in relation to political and military events beyond the Mount Vema territorial waters which are not connected to trade, promotion of peace, or dialogue for the welfare of the universe at large. >>>

The law says that if you are a foreign national, with a proven record of 10 years of charitable work or working for the welfare of others, the wildlife, the forests, the welfare of the oceans, the planet in general and the welfare of our universe, from your home country, or from a foreign country, you can apply for a Mount Vema citizenship without the need to live or work in Mount Vema.
 
His Mount Vema Majesty’s Government does not require you to renounce your citizenship on becoming a Mount Vema citizen. This type of citizenship also applies to a devoted Christian and a descendent of a generation of a devoted Christian family working for the welfare of others in their home country or overseas for the past 10 years.
 
However, this is about to change. The Government has confirmed on Tuesday that the 10 years requirement to be Citizen by Extraordinary Deeds will be increased to 25 years, and new applications will not be considered until the change is formally announced. Applicants must prove to have been over 21 years of age when they started their works for the welfare of others. >>>

If your application for Citizenship by naturalization has been approved, you must attend a citizenship ceremony with a public notice to complete the naturalization process. That’s what the law says. But this practice is about to change. 
 
A source familiar with the government’s citizenship ceremony plans told VSBCnews that Mount Vema citizenship ceremonies which are held periodically throughout the year, often held overseas at in diplomatic premises, or in conference halls, including hotels, presided over by a judge authorized by the Vema Seamount Authority and attended by a Mount Vema government official, will become a private matter. The media will no longer be permitted to attend.
 
Ceremonies will become a private affair for privacy reasons, when citizens receive their Certificate of Naturalization and make the declaration of fidelity and loyalty to the state. This is a mandatory process one does not become a Mount Vema citizen until the declaration has been made.
 
Before attending the ceremony, citizens will be required to learn about their right to register to vote, their requirements to pay the annual citizenship tax, information about the circumstances under which their Mount Vema citizenship can be revoked including the state’s anti-drugs rule, the national anthem, the country’s etiquette, and the emblems of the state.
 
The process, according to a government source, will remain highly strict and candidates will continue to be vetted to the highest standards to preserve the neutrality of the state, maintain the sense of community common purpose and the value of the Mount Vema identity and its growing acceptance throughout the world.  >>>