July 18, 2018 – The Quebec Immigrant Investor Program will begin accepting 1900 new applications starting September 10, 2018, the Quebec immigration ministry (MIDI) has announced.
Quebec formally passed its new immigration programs on July 18, 2018.
Quebec Increases Investment and Qualifying Requirements Under its Popular (QIIP) Quebec Immigrant Investor Program
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The revised immigrant investor program QIIP features increased investment and net worth requirements for the first time in nearly 8 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 will accept 1900 new applications during the period beginning September 10, 2018 through August 31, 2019. A maximum of 1235 applications will be accepted from China, Hong Kong, 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.
What Are Quebec’s Economic Immigration Targets For 2018?
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