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Canada announces re-opening of Immigrant Investor Program

June 2014, 27
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Quebec Immigrant Investor Program
Quebec’s Immigrant Investor Program will be re-opened for a period of 10 days i.e. from 8 September 2014 to 17 September 2014. This program will accept a total of 1,750 applications from countries worldwide with utmost 1,250 per country. 

It is anticipated that out of 1,750 slots, Chinese will use their maximum slot of 1,250 places leaving the rest 500 for others. 

The investors and their dependent family members may attain eligibility for Canadian citizenship under Quebec’s Immigrant Investor Program (IIP).  The entrepreneurs who hold a minimum net worth of $1.6 million CAD can set up business in Canada by lending a loan of C$800,000 to the government without interest for a five year period.

Quebec, one of the largest provinces of Canada, is governing the Quebec Program which is one of the earliest and prominent investment programs being operated from 1986. The program requires individuals holding experience in business field and who wish to invest in Canada.    

The applicants holding minimum two years of experience in the field of business management within previous five year period from the date of submitting an application and who hold a minimum $1,600,000 CAD are eligible to qualify under Quebec Investor program. 

If the applicants can meet the aforesaid requirements then their applications will be evaluated by an Immigration officer of Quebec where the language and age criteria are not the primary factors.

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