The Quebec Immigrant Investor Program (QIIP) will reopen for applications from August 31, 2015 through January 29, 2016. The QIIP facilitates immigration for qualified investors who undertake to settle in Quebec and make a passive investment in Quebec via an authorized financial intermediary. The program is well suited to investors with business management experience seeking an avenue to apply for Permanent Residence in Canada.
In order to be eligible for the program, applicants must:
- have, alone or with accompanying spouse, net assets of at least CAD$1,600,000
- have experience in managing or owning a business or professional firm for two of the last five years
- intend to settle in Quebec and sign an agreement to invest CAD$800,000 with an authorized financial intermediary.
Assessment of your application will also include other factors such as your age, education and professional background. Financing options for your investment are available from authorized financial intermediaries.
The program will accept 1,750 applicants, commencing on August 31, 2015. No more than 1,200 applicants will be accepted from any single country.
Applicants fluent in French
Applicants who demonstrate intermediate language skills in French are eligible for priority processing and may make their application at any time before March 31, 2016. In addition, applicants with French language skills are not subject to program caps.
How to Proceed
While in previous years preliminary applications were accepted for consideration, this year only completed applications will be considered. As preparing an application is a lengthy process, it is important that work begin well in advance of August 31, 2015.
Interested investors should contact Green and Spiegel LLP as soon as possible to schedule a consultation.
Looking for more information? Green and Spiegel is hosting a free webinar on Canadian immigrant investor programs, including the QIIP. This webinar will cover essential information about both Provincial programs as well as alternative international citizenship by investment programs.
Click here to register.