The immigration quota for Quebec has opened in 2017, and many Chinese immigrant families are competing for the remaining spots. The Quebec investment immigration program has attracted more attention than the U.S. EB-5 program for some time due to its clear advantages: completely passive investment, and investment is made only after approval, allowing for direct acquisition of Canadian permanent residency.
I. Quebec Investment Immigration Application Requirements
1. Age Requirement: Must be at least 18 years old.
2. Asset Requirement: A net worth of CAD 1.6 million (approximately RMB 8 million). The composition of net worth can include: liquid assets, real estate, and business assets. The net worth can be entirely earned by the principal applicant or partially earned, but cannot be entirely earned by the spouse.
3. Work Experience: At least 2 years of management experience within the last 5 years. Management experience can be obtained in enterprises in agriculture, commerce, or industry, or in enterprises specializing in legal services. Senior management experience in international organizations, government departments, or government branches is also applicable. The definition of management experience: can be management experience in a qualified enterprise or in positions managing 5 or more full-time employees in finance, human resources, material planning, management, control, etc.
4. Language Requirement: No requirements.
5. Investment Amount: Investors need to sign an investment agreement with an authorized broker or trustee company (fund company) for Quebec investment projects: a one-time payment of CAD 220,000, which is non-refundable; or invest CAD 800,000 for the Quebec government to use without compensation for 5 years, to be returned at maturity.
II. Quebec Investment Immigration Process
1. Free assessment and preliminary plan design
2. Submit application documents to Quebec and pay the application fee
3. Receive the file number from the Quebec Immigration Bureau
4. Receive interview notification from the Quebec Immigration Bureau
5. Successful interview, proceed with investment
6. Successful investment, obtain the provincial nomination certificate
7. Submit application documents to the Canadian Federal Immigration Bureau and pay the application fee
8. Receive medical examination notification from the Canadian Federal Immigration Bureau, participate in the medical examination
9. Pass the medical examination, the federal government issues a permanent resident visa
10. Pay the landing fee, the whole family lands in Canada