With uncertainty surrounding the future of the US EB-5 under Donald Trump, Quebec is about to open applications for its popular investment immigration program.
The Quebec Immigrant Investor Program (QIIP) offers a stable and well-administered alternative to the EB-5, which has been beset with problems relating to fraud, manipulation of so-called Targeted Employment Areas (TEAs) and an ever-growing backlog of applications.
Quebec is expected to maintain the QIIP investment threshold at CAD$800,000, putting it among the cheapest permanent residence programs on the market. This comes as the US looks likely to increase the lower EB-5 threshold to US$800,000 under recent proposals tabled in Congress.
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The content of this article reflects the personal insight of Attorney Colin Singer and needs no disclaimer