January 16, 2019 – The Quebec government has extended the deadline to submit 1900 new applications under its new Immigrant Investor Program through August 31, 2019, the Quebec immigration ministry (MIDI) has announced.
Quebec formally unveiled its new immigrant investor immigration program on July 18, 2018.
Quebec Increases Investment and Qualifying Requirements Under its Popular (QIIP) Quebec Immigrant Investor Program
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The new immigrant investor program QIIP features increased investment and net worth requirements for the first time in nearly 9 years.
The new program requires an investment requirement of $1.2 million, up from $800,000. The qualifying net worth amount increases to $2 million, up from $1.6 million.
What Are the New Requirements under The Quebec Immigrant Investor Program?
- Legally acquired personal net worth of $2 million;
- Two years of suitable management or business experience within the five years preceding the application;
- Investment of $1.2 million into a passive government guaranteed investment for a period of five years bearing no interest;
- Intend to settle in the province of Quebec.
Created in 1986, the Quebec Investor program is the largest and most popular Canada business and investment immigration program.
The 2018/2019 program began accepting a maximum of 1900 new applications during the period beginning September 10, 2018, now extended through August 31, 2019.
A maximum of 1235 applications will be accepted from China and Macau and up to 665 elsewhere. Applicants with advanced intermediate abilities in the French language are not subject to quota limitations.
Since the federal government terminated its version in 2014, the Quebec program has dominated the Canada business immigration landscape.
It admits more business immigrants than all the provincial nomination programs combined, accounting for $1 billion in direct investment to the province since its inception.
Watch Our Video: How the New QIIP Works
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