The Government of Quebec recently issued an official announcement stating that the reopening date for the Quebec Immigrant Investor Program (QIIP) will be postponed, with the suspension continuing until April 1, 2021. On October 30, 2019, the Government of Quebec announced a temporary suspension of new applications for the program, with a tentative reopening scheduled for July 2020.
The Quebec Immigrant Investor Program, which began in 1986, has a long and established history. It is highly favored due to its secure and stable policy, the ability to obtain a Permanent Resident card in one step, and the absence of requirements for starting a business, age, education, or language proficiency. To date, it has attracted a large number of investors and is arguably one of Canada's most popular investment immigration programs. Over the past thirty years, the program has undergone several reforms and adjustments, including price increases, but it has consistently kept its doors open to immigrant investor applicants.
The extension of the suspension period for the Quebec Immigrant Investor Program will have no substantive impact on investors who have already submitted their applications. Although the processing progress of the Quebec immigration authorities slowed down due to the pandemic, some clients have recently received notifications regarding document requests from the Quebec immigration office. This indicates that the immigration office has gradually resumed processing, and clients who have already submitted their applications can rest assured and wait.
Furthermore, the extension of the program's suspension serves as another reminder to investors that good policies and programs do not wait; it is essential to act early regarding immigration. Of course, this announcement only postpones the reopening date, and the program will continue to accept new immigration applications after it opens in April 2021. WorldWay Group will continue to monitor the program's developments and share updates with everyone as soon as they become available.
For those interested in immigrating to Canada, you may also consider investment-based immigration programs in other regions of Canada, such as the Saskatchewan Entrepreneur Program, the Prince Edward Island Entrepreneur Program, the Manitoba Entrepreneur Program, or the New Brunswick Entrepreneur Program, which allow for faster entry. Seizing current opportunities is the wise choice. For those who are committed to the Quebec Immigrant Investor Program, you should start reserving your quota as early as possible and prepare sufficient documentation so that you can submit your application as soon as the program reopens!
2020 is the year for health planning; prioritize your health and secure your status first. Canada, with its multiculturalism and strong inclusivity, is worth your consideration. For more details, please contact: Mainland China: 400-138-2929; Hong Kong, China: (852) 2802 8798.
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