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5000 People were Granted Canada PR under Quebec Investors Program

July 2016, 16
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 5000 People were Granted Canada PR under Quebec Investors
Quebec Provincial Government granted permanent residence to 5000 foreign investors in the year 2016 through its immigration investor program.

It is a record for highest intake through the Quebec Immigrant Investor Program (QIIP) and surpassed the previous all-time high of 4,436 in 2012. 

Projections suggest that 89 percent of permanent residency was granted to Asians. 

This year Quebec received an overwhelming response from the investors, the investor program is gaining popularity.

Requirements of Quebec Immigrant Investor Program (QIIP): 

  • Must have the intent to settle in Canada. 
  • Applicants should have a net worth of $1.6 million.
  • Minimum two years of business experience in last five years before lodging an application. 
  • Should make an investment of $800,000 for five years bearing no interest, money will  return to the investor at the end of the program. 

The applicants must sign a declaration to reside in Quebec under the Quebec Immigrant Investor Program (QIIP).

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