Immigration officials in the Quebec Province have said that they would start accepting fresh applications under its Immigrant Investor Program for a small period of time starting from 30th May 2016 till 28th February 2017.
It is very good news for those people who has been looking for a investment program that offers permanent residency of Canada. This program is the first of its kind in the whole Canada and second biggest program in the entire North American region followed by the EB-5 of the US.
Quebec would accept 1900 applications that includes 1330 from Hong Kong, China and Macau and the remaining applications would be accepted from other parts of the world.
From 1st April, Quebec had already started accepting 50 applications under its Entrepreneur Program and 50 from the self working people.
The quotas for this year Quebec Immigrant Investor Program and the limited time for its acceptance does not apply to the investors who could reveal an intermediary to superior level of proficiency in French language through the approved consistent language test.
An applicant who wants to apply for this program needs a minimum of C$ 1.6 million. A minimum of two years of work experience at the senior managerial level with the previous five years in a private firm, government office etc. Who could also commit to invest C$ 8,00,000 in the government prescribed investment for five years. With an intention of settling down in Canada. The processing fee for the application is C$ 15,000.