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Quebec Immigrant Investor Program to Re-open from 31 August 2015

May 2015, 07
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Quebec Immigrant Investor Program to Re-open
Good news for all qualified investors who are planning to settle in Quebec province. Few of the concerned officials of the province have all set to reopen its QIIP (Quebec Immigrant Investor Program) from 31 August 2015. Proponents further stated that this special visa class is applicable to all individuals who have an ability to make a passive investment in Quebec through an approved financial intermediary. It is well suited for investors with good business management experience and looking forward for a path to apply for Canadian permanent residency. 

  • To be eligible for this special program, a prospective applicant who is planning to immigrate to their desired province with accompanying spouse or alone must hold minimum net assets of CAD$1,600,000. 
  • Should possess minimum of two years of experience in past five years in owning or managing a professional firm or business 
  • Must be intended to settle and live in Quebec and should also be able to sign an accord to invest CAD$800,000 with a certified financial intermediary

Respective sources of the nation further added that the application of each individual will be assessed by considering certain factors such a professional background, education, and age. Furthermore, financial alternatives for investment are also obtainable from allowed financial intermediaries.

QIIP that is about to commence on 31 August 2015 has a cap of 1,750, and only 1,200 applicants from each country are accepted. 

A prospective applicant who has an ability to demonstrate his or her French intermediate language skills are permitted for priority processing and to lodge their application before 31 March 2016. Notably, individuals with French language skills are not subjected to any program cap. 

Earlier preliminary applications were also accepted for consideration but now, only the completed applications will be taken into consideration. As it takes more time to prepare an application, concerned officials of the province have planned to begin the program on 31 August 2015.

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