News feed Date: 12 September, 2018
The Quebec government has announced that applications for the Quebec Immigrant Investor Program (QIIP) will reopen on 10th September 2018. There are a number of requirement changes that may affect you if you’re considering starting a new life in beautiful Canada.
You’ll need to invest CAD$1.2 million in a government-guaranteed bond for five years. At the end of this period, you’ll receive the full amount without any accrued interest.
Financial intermediaries can still offer the one-time/upfront financing option, where you only pay approximately CAD$350,000 (non-recoverable) in fees and interest.
You must now be able to prove that you have a legally-acquired net worth of at least CAD$2 million.
The quota remains at 1,900 applicants of which a maximum of 1,235 may come from China. French-speaking applicants are not subject to the quota.
You must have business management experience in two of the last five years preceding the application.
In addition, you must have the intention to settle in the province of Quebec.
Despite these changes, the QIIP still remains one of the most sought-after visas for successful individuals and families. Canada provides a cosmopolitan, family-friendly lifestyle. It’s home to several vibrant cities that host a wealth of cultural, social and sporting events.
Canada’s economy is one of the best performing in the world, propped up by a bounty of natural resources including the second largest reserves of oil. Canada’s high standard of living and business opportunities make it one of the most desirable destinations on the planet. When the program reopens, we expect to be inundated with applications.
To beat the rush and begin planning your application for the Quebec Immigrant Investor Program, simply contact our North American expert Christopher Willis.