It is reported that the main reform measures discussed at this meeting include the following points:
1, the asset requirements and investment amount remain unchanged, which are CAD 160,000 and CAD 80,000; 2, all applications must be submitted to the Quebec Immigration Department office in Montreal; 3, the application fee of CAD 10,000 can only be paid by bank draft, and credit card payments will no longer be accepted; 4, applicants must submit complete application documents; 5, it is expected that the investment immigration program will not reopen until October 2014, and the submission time is likely to be delayed until the first quarter of 2015; 6, the new application quota will remain at 1,750 cases, with no more than 1,200 cases from each country; 7, to ensure high-quality investment immigration applications, the government may introduce a quota system, where each fund company will be allocated a specified number of investment immigration files to be submitted to the Quebec Immigration Department.
The intention behind the "lottery" for Quebec investment immigration in 2013 was to avoid the situation where quotas are "snapped up" instantly, hoping to provide applicants with equal opportunities in a fair and just manner. The proposal to allocate quotas to each fund company raised both advantages and disadvantages for applicants, but its fairness may be more easily questioned by the public.
WorldWay Immigration experts believe that, given the resolution of the backlog in the Canadian federal investment immigration program and the uncertainties surrounding Quebec investment immigration, investors may consider the U.S. investment immigration EB-5 program as a good option. For more details, please consult 400-138-2929.
