2019-10-30 – The Quebec provincial government has moved to suspend the intake of new applications for its popular Quebec Immigrant Investor Program.
In regulations published in the Official Gazette on October 30, the province has suspended receiving new applications from November 1, 2019, until June 30, 2020. It does not affect applications submitted prior to November 1st.
The move gives prospective candidates intending to submit new applications, time to prepare their Quebec Investor applications for submission when a new intake period opens.
Meanwhile, the Quebec government has also announced the number of applications it will receive under the Quebec Entrepreneur Program.
Between November 1, 2019, and September 30, 2020, the province will accept 25 applications under the first stream of the program, and 35 under the second stream.
The first stream is aimed at candidates who which to create a business in Quebec, while the second stream targets those wishing to buy an existing business. More detailed requirements can be found later in this article.
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The content of this article reflects the personal insight of Attorney Colin Singer and needs no disclaimer