The Quebec Immigrant Investor Program is designed for the business/management experienced individuals who wish to invest CAD 1.2 million into Quebec’s economy and become permanent residents. Besides other requirements, there are three crucial requirements the Investors must meet: –
- Relevant two years of business/management experience in the last five years.
- The minimum net worth of the investor must equal CAD 2 million (including assets of accompanying spouse OR de facto spouse) obtained legally.
- Ability to invest CAD 1.2 million into Quebec’s economy (financing option is available).
The government of Quebec manages & guarantees your investment, which is used to create jobs and help its economy grow.
An investment of CAD 1.2 million will be returned to you without interest after five years.
Frequently Asked Questions
1.What is the difference between the Federal Immigrant Investor Program (FIIP) & Quebec Immigrant Investor Program (QIIP)?
In Canada, there are two bodies of the government, the Federal and Provincial governments. The Federal government has an immigration program that satisfies Federal immigration needs. To fulfill those needs, they have the Federal Immigrant Investor Program (FIIP). The Provincial governments have Provincial immigration programs to satisfy their needs, and Quebec, being one of the provinces in Canada, has its investor immigrant program Called Quebec Immigrant Investor Program (QIIP).
2.What are the eligibility criteria for both the Federal Immigrant Investor Program (FIIP) & the Quebec Immigrant Investor Program (QIIP)?
An applicant must be 18 years of age or above.
He /She must possess at least two years of Management experience in the last five years.
His/ Her net worth must be equals to CAD 2.0 million.
3.What do you mean by net worth?
It means that the applicant alone, or with his/her accompanying spouse or de facto spouse, has/have net assets of at least CAD 2.0 million obtained legally, excluding amounts received as donations less than six months before the date of filing of the application;
These assets include bank balances, properties at market value, shareholdings in businesses, investments in securities, provident funds, and other assets.
4.What is Management Experience?
Management experience refers to the fact that the applicant must have experience in management in a legal agricultural, commercial, or industrial enterprise, or in a legal professional enterprise, or for an international agency, a government, or one of its departments or agencies. Another requirement states that there must be personnel in either of these enterprises, excluding the applicant, that hold the equivalent of at least two full-time job positions
5.What is the amount of investment and is it refundable?
The amount of Investment is CAD 1.2 million which is invested for Five Years from the date of investment and is guaranteed refundable after this tenure.
“Exceptional one-time cost offer through Sun Consulting (Pvt.) Limited through financing option”
6.What are the criteria required to meet by the family members to be part of the application?
Dependent children under the age of 22 qualify. If you’re dependent (accompanying) child is 22 years of age or above, he/she must possess a continuous education record up until the time he/she receives his/her immigrant status.
7.What is the Permanent Residence card (PRC)?
The Permanent Resident Card (PR Card) was introduced on 28 June 2002 upon the implementation of Canada’s Immigration and Refugee Protection Act. It was originally billed as the Maple Leaf Card.
It is the official proof of a person’s status as a permanent resident in Canada.
This wallet-sized plastic card is required for all permanent residents of Canada seeking to re-enter Canada on a commercial carrier (airplane, boat, train or bus).
8.When is citizenship granted?
Once your QIIP application is approved, the applicant and their accompanying family members are each issued a Quebec Selection Certificate (CSQ). After receiving the CSQ, the federal government then awards the applicant and each accompanying family member a Permanent Resident Card. In order to convert the PR Card to Citizenship, each family member must physically reside 1095 days (3 years) in a given 5-year period inside Canada. Additionally, each family member must physically reside 730 days (2 years) in a given 5-year period inside Canada to maintain their Permanent Residence status.
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