Quebec Investor Program Rumoured to Reopen Soon

CIC News
Published: May 29, 2013

There has been no official announcement, but it is rumoured that the Quebec Immigrant Investor Program, which leads to a Canadian permanent resident visa, will reopen and begin accepting a limited number of applications on August 1st, 2013.

To qualify, applicants must be able to demonstrate that they have legally acquired a net worth of CAD $1.6 million, alone or with the help of their spouse or common-law partner.

In addition, applicants must have at least two years of management experience within the last five years. Interestingly, the management experience does not have to be in a commercial or industrial enterprise. As long as the experience is managerial in nature, it can be in agriculture, government or in an international organization.

Finally, a successful applicant will have to invest CAD $800,000 through a government-approved financial institution into a government-controlled corporation for a period of five years at a zero rate of return. Because the Quebec government stands behind the repayment of capital, financing the investment is an option.

After completing a medical examination and security check, successful applicants receive Canadian Permanent Resident visas. Three years of Canadian residency is required to become a Canadian citizen and eligible for a Canadian passport.

There has been no Canadian immigrant investor program open for more than a year, and according to Attorney David Cohen there is a significant pent-up demand.

“The last time a Canadian immigrant investor program opened to a limited number of applicants, it filled in a matter of days,” he said. “Unless a candidate is willing to begin preparing an application in advance, there is little chance that there will be sufficient time to gather supporting documents and submit the required forms before the quota is reached. In my opinion, the applicants who begin the process now are maximizing their chance for success.”

To find out if you may be eligible for the Quebec Investor Program, fill out a free online assessment form today.

Share this article
Share your voice
Did you find this article helpful?
Thank you for your feedback.
Subscribe to our newsletter
Did you find this article helpful?
Please provide a response
Thank you for your helpful feedback
Please contact us if you would like to share additional feedback, have a question, or would like Canadian immigration assistance.
  • Do you need Canadian immigration assistance? Contact the Contact Cohen Immigration Law firm by completing our form
  • Send us your feedback or your non-legal assistance questions by emailing us at media@canadavisa.com
Top Stories
Can I travel outside of Canada as a temporary resident?
Ontario announces distribution of allocation for international study permits in 2024
Canada to introduce a Renters Bill of Rights
Join our free newsletter. Get Canada's top immigration stories delivered to your inbox.
Subscribe
More in Canada
Can I travel outside of Canada as a temporary resident?
male traveler taking selfie portrait on the hill with mount assiniboine in national park at BC, Canada
Canada to introduce a Renters Bill of Rights
Clearing up three common misconceptions about immigrating to Canada
Debunking common myths about immigrating to Canada.
IRCC issues ITAs to Express Entry candidates in second draw this week
IRCC has held another round of invitations for Express Entry candidates
Link copied to clipboard