According to the Canadian Immigration Bureau, Quebec will reopen its investment immigration doors on December 1, resuming the acceptance of investment immigration applications from around the world. Starting from that date, the new investment immigration policy of Quebec will also come into effect.
On October 15, 2010, Quebec suspended the acceptance of investment immigration applications while awaiting the implementation of the new policy. Nearly two months later, on December 1, Quebec reopened its investment immigration doors, accepting applications from investors. From that date, Quebec will implement the new investment immigration policy in conjunction with the federal government. According to the new standards, applicants must have a net worth of CAD 1.6 million, and the investment method involves investing CAD 800,000 in a government-designated and guaranteed fund, which will be returned without interest after five years. The second option is a one-time payment of CAD 220,000, which is non-refundable.
Quebec is the second wealthiest region in Canada and an important industrial and financial area. Investment immigration has played a significant role in the economic development of Quebec, which is one of the reasons why the Quebec government consistently supports investment immigration. In 2008 alone, the funds invested through investment immigration reached CAD 580 million, enabling the Canadian government to provide CAD 62.3 million in financial support to small and medium-sized enterprises.
According to official statistics from the Quebec Immigration Bureau, nearly 70% of investment immigration applicants come from China. Therefore, the Quebec Immigration Department places great importance on applicants from mainland China. The implementation of the new policy means that for investors from China, Quebec's investment immigration program remains a shining star in Canada's investment immigration projects.
