August 1st, the Quebec Immigrant Investor Program reopened with a limit of 1,750 applications, with the intake period ending on the 16th. However, in the first week alone, the consulate in Hong Kong received over 2,600 applications from China. The response has been extremely enthusiastic, with estimates suggesting that the number of Chinese applicants will exceed 4,000, far surpassing the single-country quota of 1,200.
This reopening of the Quebec Immigrant Investor Program maintains the investment requirement at $800,000 and the net worth requirement at $1.6 million, as in the past. However, it is limited to 1,750 applications, with a cap of 1,200 per country. The application fee has increased to $10,000, and interested applicants were required to have their applications delivered by regular mail by the 16th. If the quota is exceeded, a lottery system will be used to make the final selection.
As early as June of this year, news of the impending reopening of the Quebec Immigrant Investor Program had already spread, and interested applicants had been actively preparing. According to immigration lawyers, some investors had all their documents ready before July 31st, with lawyers carrying them to Hong Kong for submission. Experts believe that since the Quebec Immigrant Investor Program has a quota of 1,200 for a single country, the success rate depends on the final total number of applications submitted. The final figures may not be announced until after the 18th or 19th. As for when the lottery results will be available, it may take some time, as the Quebec Immigration Ministry must process all received applications and enter them into their system one by one, which is a massive undertaking.
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