Quebec's Immigrant Investor Program (QIIP) will reopen on January 5, 2015. The QIIP facilitates immigration for qualified investors who undertake to settle in Quebec and make a passive investment in Quebec via an authorized financial intermediary. This program is well suited to investors with business management experience seeking an avenue to apply for permanent residency in Canada.
Who Qualifies?
- In order to be eligible for the program, applicants must:
- have, alone or with accompanying spouse, net assets of at least CAD$1,600,000
- have experience in managing or owning a business or professional firm for two of the last five years
- intend to settle in Quebec and sign an agreement to invest CAD$800,000 with a financial intermediary authorized to participate in the Program. Financing options for this investment are available.
Assessment of your application will also include other factors such as your age, professional background and language skills
Program Cap
The program will accept 1,750 applicants, commencing on January 5, 2015. No more than 1,200 applicants will be accepted from any single country.
How to Proceed
While in previous years preliminary applications were accepted for submission, we have been informed that as a result of changes to the selection process, only completed applications will be accepted. Preparing the application is a lengthy process and it is important that work begin well in advance of January 5, 2015.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
