New Investor Program for Quebec
The Quebec Immigrant Investor Program will reopen next month. This Canadian immigration option allows qualified immigrant investors and their dependent family members the opportunity to obtain Canadian permanent residence by investing CAD $800,000 risk-free through an approved financial intermediary.
The maximum number of applications received is set at 1,900, of which up to 1,330 will be accepted from nationals of the People’s Republic of China, including the special administrative regions of Hong Kong and Macao. The balance of available slots will be filled by applicants from across the world. Candidates with an “advanced intermediate” level in French are not subject to this cap. Moreover, their applications are given priority processing.
The application intake period will begin on May 30, 2016, and run until February 28, 2017.
Quebec Investor Program Requirements
Minimum net worth Applicants must have a minimum net worth of CAD $1.6 million, alone or with a spouse or partner. Assets such as property, bank accounts, pension funds, stocks and shares may be included.
Management experience Applicants must have acquired a minimum of two years’ management experience in the past five years with a company that has at least two full-time employees.
Investment Applicants must intend to settle in the province of Quebec and sign an investment agreement agreeing to invest CAD $800,000 with an approved financial intermediary — a Quebec brokerage or trust company — authorized to participate in the program. The investment may also be financed by a financial intermediary.
No probationary period A successful application leads to a Canadian permanent resident visa.
Return on investment Investment through the Quebec program is risk-free. The investment of CAD $800,000 is guaranteed by the Quebec government and returned in full after five years.
A family affair All immediate family members may be included in the application.