Quebec Immigrant Investor Program (QIIP)

As announced by the Quebec government on Wednesday, March 31, 2021, Quebec has released official updates to its Immigrant Investor Program in the official Gazette. The Quebec Immigrant Investor Program (QIIP) will not reopen on Thursday, April 1, 2021.

suspension of application intakes  Quebec Immigrant Investor Program (QIIP) has been extended until April 1, 2023, the Ministry of Immigration, Francization and Integration (MIFI) announced on Wednesday.

“This period of time will allow the Ministry to finalize the revision work under way allowing it to implement an updated program that better corresponds to the government's objectives in terms of the integration and francization of immigrants.

Applications for permanent selection awaiting review will continue to be processed during this suspension period “ a statement said  

Initially, the Quebec Immigrant Investor Program (QIIP) was planned to reopen on April 1, 2021. It has been paused since November 1, 2019.The previous application intakes , which stopped in fall 2019, witnessed 1,900 files received, including a maximum of 1,235 from China, Hong Kong, Macau and up to 665 from elsewhere. Applicants with advanced intermediate abilities in French language were not subject to quota limitations.

Quebec Immigrant Investor Program (QIIP): An Overview

To be eligible for the Quebec Immigrant Investor Program, you must:

• Have, alone or with your accompanying spouse, legally acquired net assets of at least CAD $2,000,000, excluding any amounts received by donation less than six months before your application is submitted;
• Have management experience for at least two years in the five years preceding the application for selection. This experience must include duties related to the planning, management and control of financial, human or material resources under your authority. This does not include experience acquired in an apprenticeship, training or specialization leading to a diploma
• Intend to settle in Québec;
• Sign an investment agreement with a financial intermediary (broker or trust company) authorized to participate in the Investor Program;
• Make a five-year term investment of CAD $1,200,000 The investment is returned after five years. The Quebec government keeps the interest accrued.

The application will also be assessed on other factors, such as age, education and language skills.

 

 

 

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Quebec Immigrant Investor Program Financing Option

Quebec Immigration Step-by-Step

What is the Processing Time for the Quebec Immigrant Investor Program (QIIP)?

 

The Quebec Immigrant Investor Program (QIIP) is debatable since the majority of successful Quebec Immigrant Investor Program candidates decide not to settle in the province of Quebec, instead preferring to go to other Canadian provinces such as Ontario or British Columbia. The Quebec Immigrant Investor Program, or QIIP , is the only passive investment program offered by a Canadian province that can result in a Canadian permanent resident visa (Canadian PR).This investor program is pretty popular, and quotas generally fill fast.

Even though Quebec Immigrant Investor Program (QIIP) candidates are required to sign a declaration that their intention will be to settle in the province of Quebec, both federal and provincial authorities have tiny power to keep them in the province of Quebec once they have permanent residence status.

Free movement within Canada for permanent residents is guaranteed under Section 6 of the Canadian Charter of Rights and Freedoms.

Conclusion

Immigrant investor programs are programs designed to attract foreign capital and business people by providing the right of residence and citizenship in return. As one of the well-known firms, QICMS is equipped with an extensive network of lawyers, uniquely positioning us to facilitate investment immigration, apart from of which country’s program you eventually prefer.

At QICMS (Invest-Visa), we understand that applicants seeking immigration to Canada want to feel reassured knowing they are in good hands and represented by the best team of immigration specialists.

If you and your family are considering immigration to Canada, contact our office today to discuss your options apart from Quebec Immigrant Investor Program (QIIP) which will not reopen before April 1, 2023.

For more information on the Quebec Immigrant Investor Program (QIIP), please click here

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