As a highly popular Canadian investment immigration program, the Quebec Immigrant Investor Program (QIIP) requires overseas investors to possess 1.6 million CAD in assets and invest 800,000 CAD. The investment is guaranteed by the government for repayment after five years. Applicants must have two years of management experience; there is no requirement to start or operate a business. The investment is reliable, there is no English language requirement, and if one person succeeds, the whole family obtains Canadian permanent resident status. It is the Canadian investment immigration category with the fewest restrictions, the simplest operation, and the most worry-free investment for applicants.
2017 Quebec Immigrant Investor Program New Policy
The Quebec Immigrant Investor Program has a global quota of 1,900 spots, with 1,330 spots allocated to the China region (including Hong Kong and Macau). Applications are accepted from May 29, 2017, to February 23, 2018. If the investment immigration applicant has an intermediate or higher level of French proficiency, they are not subject to the quota and can submit their application at any time before March 31, 2018.
Application Requirements
1. Possess net assets of over 1.6 million CAD, 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 CAD (the government will return the principal after 5 years without interest) or invest 220,000 CAD (a one-time payment that is non-refundable); you may choose either of these two options.
4. Meet medical examination requirements.
5. Meet security background check requirements.
6. Have no criminal record.
(Note: If there are any changes to the application requirements, please consult a professional immigration consultant at Worldway Group.)
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, proceed with the investment.
6. Successful investment, obtain the Quebec Selection Certificate (CSQ).
7. Submit application documents to the Canadian Federal Immigration Bureau and pay the application fee.
8. Receive the medical examination notice from the Canadian Federal Immigration Bureau and attend the medical examination.
9. Pass the medical examination, and the federal government issues the permanent resident visa.
10. Pay the Right of Permanent Residence Fee and the whole family lands in Canada.
According to the 2017 Quebec immigration policy, the quota for the Quebec Skilled Worker Program is 5,000, and Quebec will no longer accept applications for the Quebec Entrepreneur Program and Self-Employed Program this year. Therefore, it can be basically expected that these applicants will shift to the Quebec Immigrant Investor Program. This makes the already extremely popular Quebec Immigrant Investor Program even more competitive!