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Quebec Investor Program Now Open for New Applications

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A unique Canadian business immigration program opened for new applications on May 29. The Quebec Immigrant Investor Program (QIIP) offers international investors the opportunity to obtain permanent resident status in Canada by making a risk-free $800,000 CAD investment that is guaranteed by a Quebec government entity.

The QIIP is Canada’s only passive investor immigration program, and the program offers a number of other advantages. Certain other Canadian business immigration programs, as well as many programs internationally, such as the EB-5 program in the United States, require individuals to create a certain quota of jobs within a specified timeframe.

The QIIP, on the other hand, has no such requirement. Moreover, it also offers Canadian permanent resident status upon initial landing, with no interim status on a work permit. The applicant’s immediate family members may also be included on the application and obtain Canadian permanent residence, enjoying all the benefits that this status bestows, including universal health care and access to world-class education.

Further, the QIIP is a route not just to Canadian permanent resident status, but also to Canadian citizenship and the right to a Canadian passport.

Up to 1,900 applications will be accepted for processing during the current intake period, which is scheduled to run until February 23, 2018. A maximum of 1,330 of these applications will be accepted from foreign nationals from the People’s Republic of China, including the administrative regions of Hong Kong and Macao.

Though French proficiency is not required, applicants with an advanced intermediate proficiency in French are not subject to the intake cap and may submit an application at any time. Moreover, their applications are given priority processing.

The investment

The investment of CAD $800,000 is submitted through an approved financial intermediary (broker or trust company). This investment can be paid by the applicant, though brokers and trust companies also offer the possibility of financing the investment, which is guaranteed by a government of Quebec entity and returned in full after five years.

QIIP Requirements

  • Minimum net worth

Applicants must have, alone or with an accompanying spouse or common-law partner, net assets of at least $1,600,000 CAN obtained legally, excluding the amounts received by donation less than six months before the date on which the application was filed. Assets such as property, bank accounts, pension funds, stocks, and shares may be included.

  • Investment

Applicants must intend to settle in Quebec and sign an investment agreement agreeing to invest $800,000 CAD with an approved financial intermediary. The investment can be financed by a financial intermediary.

  • Management experience

Applicants must have acquired a minimum of two years’ management experience in the past five years. The experience is not limited to commercial activities; it can also be gained at an international agency, department or government agency.

“Quebec offers something unique in the Canadian business immigration landscape, where investors may take a less hands-on approach to business. Indeed, the program may also be considered exceptional among international investor immigration programs,” says Attorney David Cohen.

“Based on previous application cycles, it is entirely possible that the QIIP intake cap may be reached before the scheduled end date next February. Therefore, I encourage potential applicants to take some initial steps, such as working with an eligible financial intermediary and proving net worth, as soon as possible. By doing so, potential applicants may have the greatest chance of success.”

To find out if you may be eligible for the Quebec Investor Program, or any of the other currently available Canadian business immigration programs, fill out a free online assessment form.

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Comments

10 thoughts on “Quebec Investor Program Now Open for New Applications

  1. Yahya Mohammed Sharaf Aldeen

    Wow
    I hope to be a part of this deal

  2. rasheed ahmad

    hloo

    sir,
    i am rigestered nurse,and i to work in canada any plaess, hosptial, and how i can registerin in canada, nursing

  3. Munki Oliver Nke

    I just wish to be selected ,Canada immigration is the best for me

  4. AGBEKO

    Je suis très heureux par ce biais qui en fin m’offrira ce que j’ai tant cherché.je suis Étudiant avec Licence en Géographie et je souhaiterais poursuivre mon Master au CANADA

  5. Nazia sharmin

    Hi,my father age is 65.He is doing business.Is he eligible to apply for QIIP or for him is there any other option for apply.

  6. shekhar kapoor

    if 800000 dollars are invested in govt security what about the interest on the deposit

  7. Jesma

    How long will take to process for June 2016 Quebec online applications .

  8. Prakash

    Hi,
    I have scored in IELTS as below

    R 5 L 5 W 5.5 S 5.5 overall 5.5 points,also I have 12 years of working experience 10 years in overseas 2 years in local.my education is 2 years of Diploma and 4 years of Distance education Bachelors degree.. could you please advise can I eligible to apply PR in Quebec..

  9. Hashim

    Dear sir. When you expect the revised law of three years stay in Canada for applying for citezenship

  10. moumouni moctar

    It’s good for us

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