Canada is one of the most welcoming countries in the world to immigrants, and the Quebec Immigrant Investor Program (QIIP) is one of the most popular immigration programs in the country. The QIIP was established by the Quebec government to attract high net worth individuals and their families to invest in the province. In this comprehensive guide, we’ll take a closer look at the immigrant investor program canada and help you understand the requirements and benefits of the program.
Eligibility Requirements:
The QIIP follows a point-based system to assess the eligibility of applicants. To be eligible, the applicant must have a minimum net worth of $2 million CAD and make a non-refundable investment of $1.2 million CAD in a prescribed investment project for a period of five years. In addition, the applicant must have at least two years of management experience in a business acquired by them or by a spouse. The applicant must also complete a language proficiency test in English or French.
Investment Requirements:
The QIIP requires the applicant to invest $1.2 million CAD in a prescribed investment project for a period of five years. The investment is guaranteed by the government of Quebec and will be returned to the applicant at the end of the five-year period. The prescribed investment project can be either a government-guaranteed investment, equity in a company, or an investment in a venture capital fund.
Application Process:
The application process for the QIIP is a two-stage process. In the first stage, the applicant submits an Expression of Interest (EOI) to the Quebec government. The EOI must include information such as net worth, source of funds, and business management experience. If the applicant meets the eligibility requirements, the government will send an invitation to the applicant to apply for the QIIP. In the second stage, the applicant submits a complete application, including documents such as birth certificates, passports, and police clearance certificates. The application is then reviewed by the Quebec government.
Benefits of the Program:
The QIIP offers several benefits to successful applicants. First, it allows the applicant and their family to live, work, and study in Quebec. The program also offers a fast processing time, with an average processing time of 12 months compared to other immigration programs. Successful applicants can also apply for Canadian citizenship after living in Quebec for a minimum of three years. In addition, Quebec offers a high quality of life, with excellent healthcare, education, and public services.
Conclusion:
The Quebec Immigrant Investor Program is a great way for high net worth individuals to invest in the province of Quebec and gain permanent residency in Canada. By investing in a prescribed investment project and meeting the eligibility requirements, applicants can benefit from fast processing times, a high quality of life in Quebec, and the opportunity to apply for Canadian citizenship. If you’re interested in the program, it’s important to research the requirements and seek professional guidance to ensure a successful application.