Quebec Immigrant Investor Program Reopening May 2017
On March 30th, The Quebec Government’s Ministry of Immigration announced that it will begin accepting new immigrant investor applications on May 29, 2017. Quebec Immigrant Investor Program (QIIP) is the only Canadian immigration program that enables approved applicants, and their family members, to become permanent residents, and then Canadian citizens, by making a guaranteed secure, and passive, investment.
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.
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.
Applicants may choose to work with an approved intermediary (a broker or trust company) and also satisfy the following requirements:
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:
will depend on the number of the people included under the same application.
Permanent residents may apply for naturalization after 4 years. The following requirements must be met: