The Quebec Immigrant Investor Program is one of Canada’s most popular immigrant investor visa programs. In this article, we explore the unique features and requirements of the Quebec Immigrant Investor Program, how to qualify as an immigrant investor in Quebec, the cost and time commitment of the application process, and more.
What is the Quebec Immigrant Investor Program?
The Quebec Immigrant Investor Program is a Canadian provincial economic immigration program. It makes economic immigration to Quebec (as well as Canada as a whole) easier for high-net-worth individuals. It makes it possible for individuals with a net worth of at least $1.6 million CAD to immigrate to Quebec. In return, these individuals make an investment of $800,000 CAD into the Quebec economy. This is only open to individuals who wish to live in the province of Quebec. It is not possible to apply for the Quebec Investor Program from anywhere in Canada, let alone outside the country.
The Requirements to Become a Q IIP Immigrant
The major requirements for Quebec Investor Program are a net worth of at least $1.6 million CAD, the intention to settle in the province of Quebec, and the ability to make an investment of $800,000 CAD. The net worth requirement is not based on the value of your personal assets, but rather the difference between the value of your assets and the amount of your liabilities. This means you can use things like your house equity, savings and investments to increase your net worth and thus your eligibility for the Quebec Investor Program.
The requirement to settle in Quebec is a requirement for the Quebec Immigrant Investor Program that is not present in other Canadian economic immigration programs. It is designed to ensure the funds invested in the Quebec economy stay there, instead of being transferred to another part of the country. As part of this requirement, Quebec will expect you to buy or rent residential real estate in the province.
The $800,000 CAD investment requirement is a one-time investment into a government-managed fund. This fund invests in Quebec companies, government bonds, and other investments.
How to Apply for the Quebec Investor Program
To apply for the QIIP, you need to be invited to apply by the Quebec government. This means you must first find a Quebec-based immigration lawyer to advise you on the application process. Your lawyer will help you draft a complete application to the Quebec government. He or she will also guide you through the application process to ensure you don’t miss any important deadlines.
The Quebec government invites individuals who have a valid Quebec immigration lawyer to apply for the Quebec Investor Program once per year. The application period for the Quebec Immigrant Investor Program is usually open from July to November.
To apply for the Quebec Investor Program, you must submit the following documents:
- Your completed application form
- Your original criminal record check from your home country and any other country you have resided in for more than six months
- A notarized affidavit stating you meet all the requirements of the Quebec Investor Program
- A gross income statement for the last twelve months demonstrating an annual gross income of at least $24,000 CAD per person
- Documentation demonstrating your net worth
- Documentation demonstrating that you meet the settlement requirement of settling in Quebec
And that’s what you need to know about the Quebec Investor Program. So if you’re started, this guide might be helpful.