The Quebec Immigrant Investor Program is designed for the business/management experienced individuals who wish to invest into Quebec’s economy and become permanent residents. If approved, applicants will be required to pay a one time, non-refundable cost of CAD 320,000.
The program was launched in 1986 to offer high net worth individuals a chance to immigrate to Canada.
The Quebec Immigrant Investor program remains as one of the most popular immigration programs in the world.
However, it is recently after the closure of Canada’s Federal Immigrant Investor program that Quebec’s Immigrant Investor program became popular.
A lot of qualified people with a business background are immigrating to Canada using the Quebec Immigrant Investor program.
If you are on the fence about whether or not you want to donate CAD 320,000 into Quebec’s economy, there are a lot of benefits that Canada offers.
Some of the noticeable advantages of living in Canada are:
- Employment Insurance (EI) that includes sickness, temporary benefits for workers, and family-related benefit
- Family benefits that include helping your family with the costs of raising children, parental and maternity leave, and compassionate care
- Public pensions
- Educational planning and student aid
- Disability pensions and children’s benefits
- Residential home rehabilitation
- Financial assistance for housing
- Free healthcare
- Highly subsidized university schooling for your children
Also, Canada is one of the beautiful places on earth, with people from all over the world. Canada is a very multicultural society and is accepting of all races and religions.
A lot of foreign students also prefer Canada because the institutes found in Canada are some of the best ones in the world.
If you go to Canada using their Quebec Investor Program, your children can benefit from it as well; they can begin studying in Canada and can apply for local institutes as Canadians, not foreigners. Therefore, they will be paying local fees and not international fees.
Also, the cost of living in Canada is lower than that of the U.S. and Australia.
The Canadian economy is also stronger than the Australian economy, giving you a better opportunity to find employment and be more financially stable.
There is a lot to Canada, but we cannot mention everything. Otherwise the idea of discussing the Quebec Investor Program will be lost.
With that being said, let’s look into the details of the Quebec Investor Program.
Quebec Investor Program Requirements:
To apply for the Quebec Investor Program, you need to meet these requirements:
To apply for this program, the applicant must have a net worth of CAD $2 million (or its equivalent in any other currency). The assets must be legally obtained and documented.
The net worth can either be individual or combined with that of the applicant’s spouse.
These are the types of assets you need when calculating your net worth:
- Real estate properties
- Bank accounts
- Stocks and bonds
- Pension funds
- Any type of investment
Inheritance is also considered legal when calculating your net worth. However, you need to have it received/ transferred at least six months prior to launching your application.
If you have the net worth required for this program, the next step is to sign an agreement that states your intentions of investing into the Quebec economy.
You need to make a one time, non-refundable, payment of CAD 320,000 to the Quebec government.
The government of Quebec manages your investment, which is used to create
jobs and help its economy grow.
Also, you are only required to make the investment after your application is approved for the Quebec investor program.
Therefore, you only pay once you are approved and have no risk of having your application refused after making the payment.
Next, you need to show the intention of living in Quebec, the second largest province by population, and the largest province in the country by size. However, you are not required to live in Quebec.
As an investor class immigrant, you can move to any part of the country you want.
Therefore, you are free to live anywhere in Canada.
The Quebec Investor Program also requires 2 years of full-time working experience in the past 5 years.
The experience needs to have some sort of management, planning, and financials involved.
It must be documented work experience .
Some of the work experience examples include commercial business, professional business, agricultural, foreign government department or agency, NGO, international organization, or industrial management.
There are other factors as well that decide your visa’s approval.
- Language proficiency
These factors add into the previous requirements we just mentioned to make your overall profile.
It is then decided whether or not you are approved.
The Quebec Immigrant Investor Program is very laboursome. However, we at Sun have helped hundreds of qualified investors to successfully immigrate to Canada through the Quebec Investor Program.
And now it’s time we help you.
Feel free to reach out, and we’d love to process your application from start to finish.
To sum up, here’s what you need to be able to apply for the Quebec Investor Program: –
- 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 donate, as a one time cost of CAD 320,000 into Quebec’s economy.
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). However, the federal immigrant investor program has been shut and only the Quebec Immigrant Investor program is currently active.
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 equal 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 320,000 which is non-refundable.
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 your 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 of 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.
For more information, please contact us.