Investment in High Tech Machines and Equipment
Investment in High Tech Machines and Equipment
Mauritius supports the advancement of technology through the “High Technology Machines & Equipment” residency scheme. This program encourages foreign investment in high-tech machinery and equipment, with a focus on sectors like smart technology, digital innovation, cleantech, and more.
Key Features of the High-Tech Residency Scheme
- Minimum Investment: USD 25,000, with the total value of high-tech machines and equipment adding up to at least USD 50,000.
- Permit Validity: 10 years, renewable
- Application Fee: USD 1,000 upon approval
- Renewal Criteria: Minimum annual gross income of MUR 4 million starting from the third year of registration
Eligibility for the Scheme
You must invest at least USD 25,000, and the total value of the high-tech machines and equipment must aggregate to a minimum of USD 50,000. The equipment must be used in a qualifying sector, including:
- Agro-industry
- Aquaculture
- Healthcare
- ICT-BPO
- Fintech
- Life sciences
- Biotechnology
- Manufacturing
- Ocean economy
- Renewable energy
Determining the Value of Equipment
The value of the machines and equipment is based on invoices from suppliers and certified reports from a recognized Chartered Valuator in the country of origin. If the equipment hasn’t yet been shipped, a bill of lading is required.
If the valuation by the Mauritius Customs Department differs from the invoice, you’ll need to transfer the balance in convertible foreign currency.
Application Process
The entire process can be completed online, and you don’t need to travel to Mauritius to apply. Register on the National Electronic Licensing System to get started.
Once you receive approval in principle, you can open a local bank account to transfer the necessary USD 25,000 investment. The transfer is required before you can obtain an Occupation Permit.
Property Acquisition and Family Residency
As a foreign national under this scheme, you are allowed to acquire property through the IRS, RES, PDS, or Smart City schemes. You can also purchase apartments in buildings of at least ground plus two floors.
Your dependents, including your spouse, parents, and unmarried children, are eligible for residence permits for the same duration as your permit.
Renewal and Permanent Residency
After 10 years, your permit can be renewed if your company achieves a minimum gross income of MUR 4 million annually. You can also apply for a 20-year Permanent Residence Permit if your business generates an annual gross income of MUR 15 million for three consecutive years, or if your turnover reaches MUR 45 million over three years.
Required Documents
- For New Applications: Birth certificate, passport, detailed business plan, invoices, financial records, and more.
- For Renewals: Business registration, certificates, and financial records.
Note to Applicants
All documents must be uploaded online and presented in original form during the final appointment.
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.