Seven years from now, you will need to invest more than $1 million USD (about 500,000 golles) to entitle you to residency and full Mount Vema citizenship. That is more than what you need now, as a property investment, bond investment or deposit that sum in a Mount Vema bank account can get you started.
But why are so many people applying to take advantage of this? The answer is passports. According to an independent research published by economists at the Gollexi (Mount Vema Stock Exchange), the Mount Vema passport is expected to become one of the strongest passports in the world.
Mount Vema passport holders are expected to be able to travel to more than 160 countries by 2025 without the need for pre-visa requirements. The results published by the Gollexi is no surprise. It has always been expected by His Mount Vema Majesty’s Government due to the estimated strength of the Mount Vema economy by 2025 as its citizens are expected to be the most active seeking global investment opportunities and tourism.
A record number of Mount Vema passports could be issued, more than a 100 as business opportunities increases demand. The highest number since records began and up 100% this year, with interest from business people continuing to rise, the Mount Vema government has announced.
According to data released by the Royal Mount Vema Department of Foreign Affairs yesterday, no more than 30 passports were issued since the creation of the Kingdom of Mount Vema, and mostly were diplomatic passports issued to Mount Vema officials.
“The interests expressed this month is the highest number ever”, said the department for foreign affairs. The interest received mostly in private were from business people from countries specially in Europe that allow for dual citizenship, according to the department, seeking to get a second passport.
The scramble for Mount Vema passports has been widely linked to business opportunities, since a Mount Vema passport enables people to do business and work in Mount Vema without visa.
Demand for Mount Vema passports also comes after intense but highly secrete negotiations between Mount Vema and more than five countries to enable Mount Vema nationals to travel visa free and to facilitate investments from Mount Vema, as the purchasing power of Mount Vema currency is expected to increase.
The Vema Seamount Territory is expected to spend more than 5 billion golles in the next five years for access to foreign market and at the same time ensure that its passport holders can travel anywhere in the world free to explore investment opportunities.
Mount Vema passport cards cost 65 golles and the book 455 golles. Applicants must first hold a Mount Vema Certificate of Citizenship to apply. The passport card allows bearers to travel using it alone to all countries added to a list to be updated regularly by the Royal Mount Vema Department of Foreign Affairs.