Quebec Immigrant Investor Program
QUEBEC IMMIGRANT INVESTOR PROGRAM
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Quebec Immigrant Investor Program - A Guide
NEWS- The pause period for the Quebec Immigrant Investor Program has been extended till at least April 1, 2023.
The only immigration program in Canada created expressly for immigrant investors is the Quebec Immigrant Investor Program. Foreign investors who participate in the Quebec Immigrant Investor Program and make investments totaling at least CAD$2 million may be able to file for Canadian permanent residence.
Despite the fact that Quebec is a province with a largely French-speaking population, the Quebec Immigrant Investor Program doesn’t somehow require applicants to be fluent in French. But, while choosing applications, linguistic ability might be taken into account.
The Quebec Immigrant Investor Program: Why Should You Choose It?
The one and only passive investor immigration scheme in Canada is the Quebec Immigrant Investor Program, which also has a variety of other benefits. Many foreign business investor immigration programs, like the EB-5 program in the United States, demand that applicants create a particular number of jobs within a certain amount of time.
Plus, no criterion is not there in the Quebec Immigrant Investor Program.
In addition, the Quebec Immigrant Investor Program also grants first entry-level residents permanent residence status in Canada, with no intermediate temporary residency. The individual’s immediate relatives may be listed on the application as well and be granted permanent residency in Canada, with all the advantages that come with this status, such as access to world-class schooling and universal health care coverage.
Who qualifies for the Quebec Investor Immigrant Program?
The competence and desire of an individual to make investments in the province of Quebec determines eligibility for the Quebec Immigrant Investor Program. An applicant’s net worth must be at least CAD$2,000,000, and they must invest CAD$1,200,000 over a five-year period with Investissement Québec – Immigrants Investisseurs Inc.
In order to qualify for the Quebec Immigrant Investor Program, applicants must additionally show that they possess at least 2 years of managerial experience from the five years before their application. The preparation, administration, and management of physical, material, or monetary support must be a part of this experience.
Each applicant must execute an investment contract with a participating financial institution in Quebec.
What is the Quebec Immigrant Investor Program application process?
Mostly during specified intake times are applications accepted for the Quebec Immigrant Investor Program. Quebec declared that from November 1, 2019, to at least April 1, 2023, the Immigrant Investor Program will be halted to new applications. After April 1, 2023, there is no assurance that fresh applications will be approved. More information will be made public nearer to this date by Quebec’s immigration ministry.
Quebec accepts new permanent residents through a two-step application procedure.
Province-level selection takes place. All Quebec immigration candidates must submit a Certificate de selection du Québec application to the province of Quebec (CSQ).
Federal admission takes place. After receiving a CSQ, an individual must submit to the federal government for permanent residence status in Canada. As with all applications for permanent residency, candidates must pass a medical examination and a police criminal background check to prove their eligibility to enter Canada.
An applicant may be granted Canadian permanent residence status when their application has been accepted at both the provincial and federal levels.
Aspirants must prepare a paper-based application, fill out the applicable immigration documents, and gather the required supporting documentation in order to register for the Quebec Immigrant Investor Program. The official investment agreement, managerial experience, and documentation of the investor’s intention to settle in Quebec are among the things that immigration agents will be searching for from investors.
What other possibilities are there for investors to immigrate to Canada?
The one and only immigration program in Canada now created expressly for foreign investors is the Quebec Immigrant Investor Program. The Canadian Immigrant Investor Program was run by the federal government in prior years, but it was discontinued in 2014.
There are several opportunities for Canadian immigration for entrepreneurs from abroad with previous business expertise. For immigrant entrepreneurs who own their business concepts accepted by approved organizations in Canada, the government Start-up Visa Program is one choice.
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