The Quebec Immigrant Investor Program(QIIP), a Canadian immigration program that allows international investors to obtain Canadian permanent residence by finance option investing USD 165,000$, will reopen in less than two months.

Requirements

Minimum net worth

Applicants must have acquired a minimum of CAD $1.6 million in net worth by legitimate means, alone or with a spouse or partner. Assets such as property, bank accounts, pension funds, stocks, and shares may be included.

Investment

Applicants must intend to settle in Quebec and sign an investment agreement agreeing to invest CAD $800,000 with an approved financial intermediary. Applicants must sign an investment agreement with one of the financial intermediaries — a broker or trust company — authorized to participate in the program. The investment can be financed by a financial intermediary.

Management experience

Applicants must have acquired a minimum of two years’ management experience in the past five years. The experience is not limited to commercial activities, but can also be an international agency, department or government agency.

Preparation is key

The upcoming intake period for applications runs from May 29, 2017 to February 23, 2018, and up to 1,900 applications may be accepted for processing. Of these, a maximum of 1,330 applications may be accepted from foreign nationals of the People’s Republic of China, including the administrative regions of Hong Kong and Macao.

Based on previous application cycles, it seems likely that the QIIP intake cap may be reached before the scheduled end date.

For preparation call us.