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French Language Requirement is Not Mandatory to Qualify for the QIIP

October 2018, 06
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There is no requirement French language speaking to qualify for the Quebec Immigrant Investor Program (Q.I.I.P). Applicants must sign a signed declaration stating they plan to reside in the French-speaking Quebec province. However, there is no requirement of language.

The Quebec investor program allows candidates with a net worth of minimum $2 million permanent residence by a hassle-free investment of $1.2 million. The investment can be supported by an approved intermediary below a ‘walk-away’ scheme of the finance. With recommended financing, the liquidated cost is roughly $350,000 (USD $270,000), as per the interest rates.
QIIP is the only choice in Canada for big net worth business immigrants to obtain Canada PR from a passive investment. The QIIP will take a maximum of 1,900 new appeals during the tenure from September 10, 2018, by March 15, 2019. It covers 1,235 appeals from  Macau, China and Hong Kong, and 665 appeals from the rest of the globe.

Qualification for Quebec Immigrant Investor Program

• A legally obtained individual net worth of CAD 2 million;
• Two years of proper business or management experience within the five years prior to the application;
• Invest CAD 1.2 million in a passive government secured investment for a tenure of five years, yielding no interest;
• An aim to settle in Quebec province.

Application Process of QIIP

• Collect documentation verifying your personal net worth and experience in the managerial role.  You should also prove the legal, historical collection of all your properties.
• The finished application is evaluated for compliance, by an authorized licensed financial mediator with allocations of quota from the officials of Quebec immigration.
• The application is presented to Quebec immigration officials. 
• Quebec issues a file number within 30-days after the acceptance.
• After approval, passports are asked, and confirmation of permanent residence (COPR) is announced to the candidate and their dependents.
• Candidates and dependents should travel to Canada prior to the expiry date on the document of  COPR. The COPR valid for nearly 12-months, comparing to the 1-year anniversary of the medical test.

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