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Quebec Investor Program: Extended Deadline to Submit Application is Aug 31

August 2019, 24
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Quebec Investor Program
Time is running out for intended aspirants for the Quebec Immigrant Investor Program (Q.I.I.P) to provide their appeals. The prolonged deadline fixed by the government of Quebec to receive the quota of 1,900 appeals is 31 August 2019. Quebec officially revealed its latest immigrant investor program on 18 July 2018.

The latest Quebec Immigrant Investor Program (Q.I.I.P) formally revealed in July 2018, highlights increased net worth and investment demands for the first time in approximately 9 years.

The current program needs an investment demand of $1.2 million which is increased from the previous $800,000. The net worth amount for eligibility has risen to $2 million from the previous $1.6 million.

Quebec Immigrant Investor Program Requirements

  • Legally obtained the individual net worth of CAD 2 million;
  • Two years of eligible business or management experience within the 5 years before providing the application;
  • $1.2 Million Investment into a passive government secured investment for a tenure of five years without no interest;
  • Intend to live in the Quebec province.

Created in 1986, the Quebec Immigrant Investor Program is the biggest and most famous Canada investment and business immigration program. The 2018-2019 program started allowing applications on 10 September 2018.

A maximum of 1,235 appeals will be allowed from China and Macau and 665 from outside. Appellants with advanced and intermediate proficiency in the language of French are not subjected to quota restrictions.

Since the Canadian government stopped its version in the year 2014, the Quebec Investor Immigration program has controlled the Canadian business immigration landscape. 

It allows a higher number of business immigrants than the all provincial nomination programs merged, estimating for $1 billion in direct investment to the Quebec province since its inception.

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