Investing in High Tech Machines & Equipment in Mauritius

Mauritius is fostering technological innovation through the High Technology Machines & Equipment Residency Scheme. This initiative encourages foreign investment in cutting-edge machinery and equipment across sectors such as digital innovation, cleantech, smart technology, and more.

Key Features of the High Tech Residency Scheme

Minimum Investment Requirement

• Initial investment of USD 25,000, with a total high tech machinery and equipment value of at least USD 50,000.

Permit Validity

• A 10-year renewable residency permit.

Application Fee

• USD 1,000 upon approval.

Renewal Criteria

• Achieve a minimum annual gross income of MUR 4 million starting from the third year of registration.

Eligibility Requirements

To qualify for the scheme, you must:

• Invest a minimum of USD 25,000.
• Ensure the total value of your highb tech equipment is at least USD 50,000.
• Operate in one or more of the following sectors:
  • Agro-industry
  • Aquaculture
  • Healthcare
  • ICT-BPO
  • Fintech
  • Life Sciences & Biotechnology
  • Manufacturing
  • Ocean Economy
  • Renewable Energy

Determining the Value of Equipment

• Equipment valuation is based on:
  • Invoices from suppliers.
  • Certified reports from a recognised Chartered Valuator in the country of origin.
  • Bill of lading if the equipment has not yet been shipped.
• If Mauritius Customs Department valuation differs from the invoice, the balance must be transferred in convertible foreign currency.

Application Process

The entire process is conducted online through the National Electronic Licensing System:

1. Register and submit your application, including all required documents.
2. Once you receive approval in principle, open a local bank account and transfer the initial investment of USD 25,000.
3. After the transfer, you’ll receive your Occupation Permit.

Property Acquisition and Family Residency

Property Ownership

• • Under this scheme, you are eligible to purchase property through the IRS, RES, PDS, or Smart City schemes.
  • You can also acquire apartments in buildings of at least ground + 2 floors.

Family Residency

• • Your dependents, including spouse, parents, and unmarried children, can obtain residence permits matching the duration of your permit.

Renewal and Permanent Residency

Permit Renewal

• • Renew after 10 years by maintaining a minimum annual gross income of MUR 4 million.

Permanent Residency Eligibility

• • Qualify for a 20-year Permanent Residence Permit if:
    • Your business achieves an annual gross income of MUR 15 million for three consecutive years, OR
    • Your turnover reaches MUR 45 million over three years.

Required Documents

• For New Applications:
  • Birth certificate.
  • Passport.
  • Detailed business plan.
  • Invoices and financial records.
  • Proof of equipment valuation.
• For Renewals:
  • Updated business registration.
  • Financial statements.
  • Certificates of compliance.

Note to Applicants

• All required documents must be submitted online and presented in original form during the final appointment.

Why Choose the High Tech Residency Scheme?

This program offers:

• Access to Mauritius’ dynamic and innovation-driven economy.
• Residency for you and your family.
• The ability to expand your business in high-growth sectors.
• Opportunities to purchase property in prime locations under favourable schemes.

Take advantage of this initiative to combine innovation, investment, and an unparalleled quality of life in Mauritius.

Disclaimer:

The information provided in this article is for general informational purposes only. While efforts have been made to ensure the accuracy and reliability of the information, Mauritius.com makes no guarantees as to its completeness or accuracy. Individuals are encouraged to consult official sources.