Following the Bank of Canada's first interest rate hike in seven years and the recent rise in international oil prices, the Canadian dollar exchange rate has begun to rebound from its lowest point and has recently shown a rapid upward trend. As of July 27, the exchange rate of the Canadian dollar against the Chinese yuan has risen to 5.40. With Canada's economic recovery and rising market expectations for further interest rate hikes by the Bank of Canada, this may continue to boost the Canadian dollar further.
The rise in the Canadian dollar exchange rate is a double-edged sword. On one hand, it increases the purchasing power of Canadians abroad, but on the other hand, it raises the prices of Canadian products and assets, which may suppress exports. For domestic investors who need to apply for Canadian immigration, it means that the cost of processing their immigration will increase. Therefore, we remind friends who are interested in immigrating to Canada to pay attention to the fluctuations in the Canadian dollar exchange rate and exchange more Canadian dollars when the rate is relatively low, so as to avoid having to spend more money as the Canadian dollar continues to rise.
Quebec Immigrant Investor Program quotas are running low; apply early.
As a long-standing immigration program in Canada, the Quebec Immigrant Investor Program (QIIP) has been one of the programs with the highest number of applicants and a very low risk factor since its inception in 1986. The QIIP is highly sought after by domestic investors due to its many advantages, such as pre-approval before investment and obtaining a Permanent Resident card (Maple Leaf Card) in one step. Once the program opens, it usually sells out in a short period of time every year.
This year, the Quebec Immigrant Investor Program began accepting applications on May 29, with a total of 1,900 spots available globally (including 1,330 spots for China, including Hong Kong and Macau). Recently, WorldWay Group learned from within the fund companies that the quota for this year's Quebec Immigrant Investor Program is already running low, and the next round of opening is very likely to face price-increase reforms.
On the other hand, as the Canadian economy recovers, the Canadian dollar may continue to rise. For those interested in applying for the Quebec Immigrant Investor Program, it is advisable to apply as soon as possible to avoid risks such as the rising Canadian dollar, sold-out quotas, and potential price increases. Do not hesitate; apply early for peace of mind!
Currently, the three major divisions of WorldWay Group—the documentation team, the Canadian branch, and our strong institutional partners—are already standing by. These three divisions are working in concert to help investors secure spots, and the fast-track quota application channel is now officially open!
Advantages of the Quebec Immigrant Investor Program:
1. No language requirements for applicants;
2. Government-guaranteed, low investment risk, with the option of a loan-based investment;
3. Obtain a Green Card (Permanent Resident status) in one step with no additional conditions;
4. No need to establish a business or participate in management;
5. No mandatory residency requirements;
6. Well-qualified applicants may be exempt from interviews.
2017 Quebec Immigrant Investor Program Application Requirements:
1. Possess a net worth of over 1.6 million Canadian dollars, and the assets must be legally obtained;
2. Have at least 2 years of business management experience within the last 5 years;
3. Invest 800,000 Canadian dollars (the principal will be returned by the government after 5 years without interest) or invest 220,000 Canadian dollars (a one-time payment that is non-refundable);
4. The entire family of the applicant must meet the requirements for medical examinations and security background checks;
5. The entire family of the applicant must have no criminal record.
As a leading institution in the industry, WorldWay Group has always adhered to the philosophy of "service first, integrity-based operations" for many years, carefully selecting projects, providing professional services to clients, and achieving success stories across the globe. In addition to the Quebec Immigrant Investor Program, WorldWay also offers other high-quality programs such as the Saskatchewan Immigrant Nominee Program (SINP), the Manitoba Provincial Nominee Program (MPNP), and the Prince Edward Island Provincial Nominee Program (PEI PNP) to help investors realize their dreams of immigrating to Canada. For more immigration details, please call: 400-138-2929.