Quebec maintains its own immigration selection criteria, independent of the federal government. The Quebec Immigrant Investor Program (QIIP) has the same requirements for net worth and investment amount as the federal immigrant investor program. However, the Quebec regulations allow provincial funds to provide loans to immigrant applicants. This enables applicants to obtain a significant portion of their investment funds through loans from investment funds, making the Quebec program more flexible and lenient compared to the federal program.
Quebec Immigrant Investor Program Eligibility Requirements
1) The applicant must have successfully operated, controlled, or led a business, with at least two years of management or business experience.
2) The applicant must have earned and accumulated a net worth of at least CAD 1.6 million through personal efforts.
3) The applicant must be willing to invest at least CAD 800,000 in an investment fund recognized by the Canadian government.
The investment method is as follows: After a successful interview, you invest CAD 800,000 with the Canadian government. This investment is guaranteed by the government, and after five years, the Canadian government will return the principal to you without interest, meaning zero risk and zero interest.
Quebec Immigration Application 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 the interview notice from the Quebec Immigration Bureau
5. Successful interview and completion of investment
6. Successful investment and receipt of the Quebec Selection Certificate (CSQ)
7. Submit application documents to the federal Canadian immigration authorities and pay the application fee
8. Receive the medical examination notice from the federal Canadian immigration authorities and undergo the examination
9. Upon passing the medical examination, the federal government issues the permanent resident visa
10. Pay the Right of Permanent Residence Fee and the entire family lands in Canada
Advantages of the Quebec Immigrant Investor Program
1. No restrictions on residency requirements. After immigrating, applicants can choose to reside in Quebec or move to other provinces.
2. Investors are not required to personally manage the business operations.
3. Quebec has its own immigration selection criteria independent of the federal government. Therefore, applicants for the Quebec Immigrant Investor Program participate in the province's selection process, which is faster and has a higher success rate compared to the former federal immigrant investor program.
4. Investment funds are only paid after a successful visa interview, ensuring high security.
5. One person's successful investment immigration application allows the entire family to immigrate to Canada, immediately obtaining permanent resident status without additional conditions.