The Québec Immigrant Investor Program is unique within Canada. It offers permanent residency to successful applicants who intend to settle in Canada, and who make a single payment or a partly financed investment of CAN$800,000, and leave the investment in place for 5 years. The investment will be guaranteed by the Gouvernement du Québec. Applicants must satisfy additional requirements. At the end of 5 years the applicant’s single investment will be returned without accrued interest. 

quebec_immigrant_investor_program_reopening-2016.jpg

The original investment may be partially financed through an approved intermediary but, if it is, there will be no reimbursement.

After 4 years, permanent residents may apply for Canadian citizenship, subject to certain requirements. 

The revenues which the investment generates will be applied to assisting two Québec business assistance programs.

Québec has established an annual quota for investor immigrants. Those who meet the French language proficiency standard are exempt from the quotas.

Residency and Citizenship by Investment – Qualifications and Conditions

Applicants may choose to work with an approved intermediary (a broker or trust company) and also satisfy the following requirements:

  • Applicants must be at least 18 years of age and meet the required French and English language competency standards
  • Applicants, including spouse and life partner if appropriate, must show net assets of at least CAN$1,600,000
  • The assets must have been obtained legally and, if by gift, must have been owned for a minimum of 6 months prior to application being submitted
  • Applicants must intend to settle in Québec
  • One or both applicants, if applicable, sign an agreement to invest a minimum of CAN$800,000 with an approved and authorized broker or trust company, acting as the intermediary. The full amount, minus any accrued interest, will be refunded after 30 days of the 5 year requirement period ending
  • Instead of investing the full amount as a single payment, the applicant may choose to deposit CAN$220,000 and finance the rest through their intermediary. There will be no refunded amount due at the end of the 5 period when this option is chosen
  • The primary applicant must have management experience of at least 2 years in the previous 5, and the organization must have at least 2 other full-time employees under the primary applicant’s authority
  • Applicants, and accompanying family members, must be in good health
  • Applicants must satisfy both the Québec selection and the Canadian admission requirements

 

Application Process and Fees in the Quebec Investor Visa

The application is a two-step process, which will be managed by the intermediary. The applicant(s) must satisfy both the Qu selection and the Canadian Government admission requirements, and pay all associated fees. Fees will not be refunded unless the application is incomplete, in which case it will be returned.

The processing period is variable depending on the applicant’s country of origin, overall applicant numbers, and Canadian staff availability.

Applicants should submit appropriately certified copies of personal documents, since no documents will be returned. All documents must be translated into French if not already in the French language. In addition, any document in French which has a seal bearing a foreign language should be fully translated.

Applicants may be called for interview.

The submission process will follow these steps:

  • The assigned intermediary will handle the application submission
  • The application, in order to be considered complete and admissible, should include:
    The Application for a Selection Certificate – Investor
    The narrative document for the primary applicant, and spouse or partner
    The declaration of intent to reside in Quebec
    Confirmation of fee payment
    Certified supporting documents
  • Additional specific documents to be submitted as part of the application include:-
    Confirmation that the applicant’s intermediary has power of attorney for the applicant
    Declaration of the source of funds
    Income statements
    Credit reports, including loans, mortgages held, etc
    A detailed narrative document, completed by the applicant and spouse, if appropriate, in their native language, explaining the source of funds, etc
    Passport copies
    A recent photograph
    National identity card copies, if appropriate
    Birth, marriage, adoption, divorce certificate copies, as appropriate
    Proof of spousal or partner status (e.g. joint bank accounts, mortgages held)
    Proof of the primary applicant’s managerial experience
    Medical certificates
    Confirmation of French language competence
  • The application, if considered complete and admissible, the Ministére may request updated information to document new facts, changes in the value of net assets, etc
  • Any request for updated information must be satisfied within 60 days
  • Successful applicants will receive a Certificat de Sélection du Québec (CSQ – a Certificate of Selection)
  • The application will be passed to Canada’s Centralized Intake Office in Sydney, Nova Scotia for assessment of the medical report, and to issue final admission confirmation
  • Government fees are set at CAN$15,000
    Legal, advisory fees charged by the intermediary 

    will depend on the number of the people included under the same application.

Canada Citizenship Conditions and Requirements

Permanent residents may apply for naturalization after 4 years. The following requirements must be met:

  • Continue to satisfy the requirements of permanent residence
  • Have been primarily resident in Canada for those 4 years
  • Have filed income taxes as appropriate
  • Intend to continue to reside in Canada
  • Be able to communicate satisfactorily in French and English
  • Demonstrate knowledge of Canada plus the responsibilities and privileges of Canadian citizenship
  • These last two requirements only applies to applicants 64 years of age and younger
  • Have no criminal record in Canada, and not be facing criminal charges outside of Canada

 

Contact us today for your FREE Assessment!