How is the Quebec Immigrant Investor Program? How to apply for the Quebec Immigrant Investor Program? As a long-term and stable program for immigrating to Canada, the Quebec Immigrant Investor Program has been recognized and highly regarded by an increasing number of immigration applicants due to its long history, stable policies, and high approval rate.
Background of the Quebec Immigrant Investor Program
In 1978, an agreement was signed with the federal government to establish the provincial selection immigration policy; Old policy: Net assets of 800,000 CAD, investment of 400,000 CAD returned without interest after five years (or a one-time payment of 120,000 CAD);
After 2010, price increase: Net assets increased to 1.6 million CAD, investment of 800,000 CAD returned without interest after five years or 220,000 CAD without return;
In 2012, quota system: 2,700 spots, investment amount remained unchanged;
In 2013, quota system: 1,750 spots, with a maximum of 1,200 for the China region, investment amount remained unchanged;
In 2016, quota system: 1,900 spots, with a maximum of 1,330 for the China region, investment amount remained unchanged;
In 2017: The 2016 policy was extended, and the application fee was adjusted to 15,111 CAD (an increase of 111 CAD);
In 2018, the application fee increased to 15,235 CAD. On March 28, a draft was announced stating that net assets would increase to 2 million CAD and the investment amount would increase to 1.2 million CAD. The quota was expected to be officially announced in August 2018.
How to apply for the Quebec Immigrant Investor Program?
The Quebec Immigrant Investor Program has a history of over 30 years. Its policy is mature, stable, safe, reliable, and risk-free. Investment is required only after the review is passed, and the investment is supervised by the Quebec government. Unlike nomination programs in other Canadian provinces, the Quebec Immigrant Investor Program does not require applicants to establish or operate a business locally in Canada. Applicants only need to meet the investment requirements to apply.
Policies of the Quebec Immigrant Investor Program
The Quebec Immigrant Investor Program began in 1986 and is a very mature and comprehensive immigration program. The obligation of the Quebec Immigrant Investor Program is limited to making the investment; there is no obligation to operate a business in Canada. The investment is made only after passing the interview and is guaranteed by the Canadian government, posing no risk. The latest policy requires applicants to have net assets of at least 2 million CAD and an investment of 1.2 million CAD (or 350,000 CAD if using a financing option).
Application Requirements for the Quebec Immigrant Investor Program
The application requirements for the Quebec Immigrant Investor Program are relatively lenient; applicants only need to meet the following conditions.
1. Possess net assets exceeding 2 million CAD, and the assets must be legally obtained
2. Have at least 2 years of senior management experience in a business within the last 5 years
3. 1.2 million CAD returned without interest after five years or a one-time payment of 350,000 CAD
4. Meet health examination requirements
5. Meet security background check requirements
6. No criminal record
Application Process for the Quebec Immigrant Investor Program
How to apply for the Quebec Immigrant Investor Program? The specific application process for the Quebec Immigrant Investor Program is as follows:
1. Free assessment and design of a preliminary plan
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 investment
6. Successful investment, receive 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 attend the examination
9. Pass the medical examination, federal government issues permanent resident visa
10. Pay the landing fee, the whole family lands in Canada
Costs of the Quebec Immigrant Investor Program
What are the costs of the Quebec Immigrant Investor Program? The costs of the Quebec Immigrant Investor Program mainly consist of program fees and other expenses incurred during the immigration process. The specific cost items are as follows:
1. Quebec Immigrant Investor Program application fee
2. Agency service fee
3. Foreign legal fees
4. Notarization fees for documents related to the Quebec Immigrant Investor Program
5. Translation fees for documents related to the Quebec Immigrant Investor Program
6. Fingerprinting fee
7. Landing fee
8. Medical examination fee
9. Other expenses
What are the advantages of the Quebec Immigrant Investor Program?
The Quebec Immigrant Investor Program has many advantages; only a few are listed below.
1. Simple application requirements, no age, education, or English language requirements
2. Obtain a Permanent Resident Card (Maple Card) in one step, with no additional conditions
3. Government-guaranteed, safe and reliable investment with low risk
4. Flexible investment methods