The prospective candidates for the Quebec Immigrant Investor Program have to submit their applications before Aug 31, 2019. This is an extended deadline of the Quebec government for the target of 1,900 applications. The new QIIP, revealed in July 2018, has the features of enhanced investment of $1.2 million, and more net worth requirements of $2 million. It is an option in Canada where wealthy business immigrants are in a position to get PR in Canada after they make a passive investment.
The Quebec Immigrant Investor Program Requirements
The personal net worth must be acquired legally ($2 million); Two years of management /business experience in the five years prior to the application;
Investing $1.2 million in passive investment (government guaranteed) for five years which will not carry any interest;
Wish of settling in Quebec province
The Quebec Investor program was created in 1986, and is large and popular business and investment immigration program in Canada.
The FY 2018-19 program started accepting applications on Sep 10, 2018. The allocation applications from China and Macau is 1,235 665 from other places. Applicants having the advanced intermediate ability in French are not subjected to any quota limitations. Moreover, after the termination of the version of federal government in 2014, the Quebec program had dominance in the Canada business immigration.
The Process
- Collecting relevant documentation to support personal net worth and provide a proof of managerial experience
- Proof regarding legal, historical accumulation of assets
- The application is reviewed by an approved financial intermediary through the government
- Submitting application to immigration authorities
- Issuing a file number by the province in 30 days of receiving it
It admits a sufficiently large number of business immigrants in comparison to all provincial nomination programs jointly, and also accounts for $1 billion direct investment to the province after its inception.
