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Canada Extends Application Submission Date for Quebec Investor Program

December 2014, 30
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Quebec Immigration Window Extended
Here’s good news for immigrants who wish to settle in Canadian province of Quebec. Now, the timeframe during which the potential aspirants interested to settle in Quebec can file their application has been increased from days to months.

CIC (Citizenship and Immigration Canada) announced that the applications for the Quebec Investor Program(QIP) can be submitted from 19 January 2015 until 20 March 2015. This extension is beneficial for potential aspirants as the applicants find it difficult to submit their applications within the limited period.

Notably, 1,750 applications will be accepted for evaluation with a cap of 1200 applications from any country. Nonetheless, this is first phase of application process and actual acceptance would be done only after complete evaluation of application.

Reportedly, applicants who are single or accompanying with spouse must hold a net asset worth of minimum CAD1.6 m. However, to take part in the investor program an agreement must be signed to invest CAD800, 000 with an approved financial intermediary. And, aspirant must have at least two years of management experience within past five years in a firm with at least two employees on full-time basis.

Sources stated that the application will only be accepted when it is submitted and aspirants will be pre-evaluated by respective financial intermediaries. 

Additionally, the government has determined to introduce a quota for each financial Intermediary in the place of the lucky draw as the selection procedure. 

Apparently, a quota of applications will be set aside for each intermediary. The final decision of selecting the best candidates and presenting the application to the Quebec government will be managed by respective intermediaries.

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