QUEBEC INVESTOR PROGRAM
The Quebec Immigrant Investors Program is the only immigration initiative ever introduced by a Canadian province to lure foreign investors. The Quebec Investor Program allows immigrant investors with a net worth of at least CAD 2 million to apply for a permanent residence visa in Canada and make an investment.
Although Quebec is primarily a French-speaking province, applicants don’t need to be fluent in it to be considered for the Quebec Immigrant Investor Program. However, when choosing your profile for nomination under the Quebec Immigrant Investor Program, French language proficiency is crucial.
WHAT IS THE QUEBEC INVESTOR PROGRAM?
The Quebec Investor Program could be characterised as passive, which suggests that applicants are not required to establish or actively run their business in the province of Quebec.
The selection certificate is an important document in the immigration process, as it shows that the applicant meets the criteria for immigration to Quebec. Once the selection certificate is issued, applicants must undergo medical and criminality exams administered by the federal immigration authorities. These exams ensure that immigrants have no criminal record and can positively contribute to Canadian society. Once the exams are passed, the applicants can apply for a permanent residence permit in Canada. The selection
BENEFITS OF THE QUEBEC IMMIGRANT INVESTOR PROGRAM
The only investor immigration stream available to Canadian citizens offers various benefits to those chosen. This is the Quebec Investor Program. The Quebec Immigrant Investor Program does not have any such eligibility requirements, unlike some business investor immigration programs available for foreign nations, such as the EB-5 program of the United States government, which requires the applicant to create a specific quota of jobs in a specific amount of time.
Furthermore, the Quebec Investor Program also grants permanent residency in Canada immediately following the initial landing and does not necessitate the issuance of an intermediary temporary visa. The applicants are permitted to include their immediate family members in their application and subsequently secure a permanent residence visa for Canada for all of their dependents.
Some more advantages of Quebec Investor Program are as follows:
- Investments made in a passive manner require no ongoing management involvement after the transaction is complete.
- Investment without risk: The Quebec provincial government makes a risk-free investment of CAD 1,200,000, which is fully repaid after five years.
- Family members who may be listed on the application: All members of the candidate’s immediate family, namely the child(ren) and spouse, may be listed on the application with the same status as the principal applicant.
- Benefits of having permanent resident status include free public education, subsidised health care, and other benefits that are available to Canadian citizens.
ELIGIBILITY REQUIREMENTS FOR QUEBEC IMMIGRANT INVESTOR PROGRAM
The Quebec Investor Program assesses a candidate’s eligibility based on their capacity and willingness to make a effective investment in Quebec.
The investment is intended to be a passive investment and will be managed by Investissement Quebec – Immigrants Investisseurs Inc. to ensure the highest rate of return. The program also allows applicants to benefit from the economic growth of Quebec by providing them with a permanent residence in the province. Furthermore, applicants who are accepted into the program are eligible to apply for Canadian citizenship after a period of three years.
It’s mandatory for all applicants to sign the investment agreement in association with one of the participating financial intermediaries of Quebec.
MINIMUM THE ELIGIBILITY REQUIREMENTS TO BE FULFILLED BY QUEBEC IMMIGRANT INVESTOR
APPLICANTS ARE DESCRIBED IN THE TABLE BELOW:
|Net Worth||A minimum net worth of CAD 2,000,000, legally acquired, either by the applicant alone or with the assistance of a common-law partner or spouse, if they are travelling with the application. Banks records, real estate, pension funds, stocks, and shares are examples of assets that can be integrated.|
|Business or Management Experience||Having at least two years of leadership expertise accrued over the previous five years would be required to have at least two years of leadership expertise accrued over the previous five years before submitting the application. The experience must have been obtained while working full-time for a certain company in a particular area (such as agriculture, business, or another). The business does not necessarily need to be profitable. The organization must have a minimum of two full-time workers (excluding their candidature) if the past management experience is recognized as a professional credential.|
|Investment||Agreement to invest a total sum equivalent to CAD 1,200,000 using an authorized financial intermediary for a period of five years while bearing no interest. Also, this investment can be financed.|
PROCESS TO APPLY FOR THE QUEBEC IMMIGRANT INVESTOR PROGRAM
The applications under the Quebec Investor Program are accepted only during the designated intake period in a year. The provincial government of Quebec declared that the Immigrant Investor. New applications are not guaranteed to be accepted even after July 1, 2020, as the Quebec immigration ministry will announce more details regarding the application procedure around this date.
The provincial government of Quebec accepts new permanent residents through a two-step application process:
Province-level selection: Province-level selection is conducted. To get a Certificat de Selection du Quebec (CSQ), all immigrants to Quebec must submit an application to the province of Quebec.
Admission: The federal level is where new candidates are admitted. Following receipt of the CSQ, the applicant must submit an application to the Canadian federal government for permanent residency. To guarantee that they are accepted to Canada, they must pass the medical examination and go through the police verification process, just like with all applicants for permanent residency.
The Quebec Investor Programme requires interested parties to submit a paper application together with all applicable immigration paperwork, as well as to show supporting documents. For investors, immigration authorities will explicitly need documentation of their plan to work and live in Quebec as well as information about their personal assets, proof of past management expertise, and a formal investment agreement.
After Investment process
After the Investor gets the CSQ, he/she will need to submit a permanent residence application to the IRCC (Immigration, Refugees and Citizenship Canada). This application must include all the required documents, such as proof of investment, language test results, and medical examination. After the application has been reviewed and approved, the Investor will receive their permanent residence in Canada.
WHY ALWAYS CONSIDER BASICS OF IMMIGRATION?
- Expert Visa counselors provide Step-by-step guidance through a secure, online process.
- Apt evaluation of credentials and faster visa processing.
- Identifying all potential hazards and roadblocks in securing a visa.
- Assistance with documentation, immigration rules, citizenship, and border control procedures.
- Multiple case assessment for better conflict resolution.
- Designated process managers to provide personalized guidance.
Just like the basics of anything act as “building blocks” forming a strong foundation for constructing complex structures. The Basics of Immigration serve as the foundational elements of moving abroad, for any aspiring immigrant.