Wednesday, 08 August 2018 / Published in Business Immigration, Provincial News Articles, Quebec-news

How to Qualify Under Quebec Immigrant Investor Program

Last Updated on February 7, 2020

The Quebec investor program offers high net worth applicants with CAD $2 Million permanent residence through a risk-free investment of CAD $1,2 Million.

The investment can be financed through a recognized intermediary under a ‘walk-away’ financing scheme. With approved “walk away” financing, the liquidated cost is approximately CAD $350,000 (USD $270,000), depending on interest rates.

QIIP is the only option in Canada for high net worth business immigrants to secure Canadian permanent residence on the basis of a passive investment.

QIIP will accept a maximum of 1900 new applications during the period from September 10, 2018 through August 31, 2019. This includes 1235 applications from China, Macau/Hong Kong and 665 applications from the rest of the world.

How to qualify?

A legally acquired personal net worth of CAD $2 Million;
Two years of suitable management or business experience within the five years preceding the application;
Invest $1.2 Million in a passive government guaranteed investment for a period of five years, bearing no interest;
An intention to settle in the province of Quebec.

What is the process?

Gather documentation supporting your personal net worth and managerial experience. You must also prove the legal, historical accumulation of all your assets.
The completed application is reviewed for compliance, by an approved licensed financial intermediary with quota allocations from Quebec immigration authorities.
The application is then submitted to Quebec immigration authorities.
A file number is issued by Quebec within 30-days after reception.
A notice of interview or interview waiver takes place within 12 months after submission.
A decision takes place within 30 days after interview.
Approved applicants will be requested to make their investment within 110 days of a positive decision.
After investment you will receive a Quebec Selection Certificate (CSQ). This document allows you to apply for permanent residence at the federal level.
Submit a full application to federal immigration authorities, who will conduct security and medical checks.
Depending on the visa office, applications are finalized to visa issuance within a range of approximately 12 months (North America, Western Europe and South America) to 44 months (China).
After approval, passports are requested and a confirmation of permanent residence (COPR) is issued to the applicant and dependants.
Applicants and dependants must travel to Canada before the expiry date on the COPR document. The COPR will have a validity date near 12-months, corresponding to the 1-year anniversary of the medical exam.