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CANADA INVESTOR PROGRAM  
 


QUEBEC IMMIGRANT INVESTOR PROGRAM
Created by the Government of the Province of Quebec in 1986, Quebec's Immigrant Investor Program (IIP) is designed to allow business people and their families to enter Quebec as permanent residents. Funding made available through the program helps provide subsidies in support of Quebec's small and medium businesses.




QUALIFICATION REQUIREMENTS
To qualify under Quebec's Immigrant Investor Program, the law and regulations state that the applicant must:

  • Have a minimum net worth of CAD$1,600,000 acquired through lawful economic activities.
  • Have at least three years' management experience (planning, supervising and overseeing human, material or financial resources) in a profitable and lawful business (agricultural, industrial or commercial), in government or with an international agency.
  • Agree to invest CAD$800,000 over a five-year period through an Authorized Financial Intermediary duly recognized by the Immigration Authorities in Quebec (MICC) and Investissement Quebec (IQ). This investment is fully guaranteed by the Government of Quebec.
  • Declare and intent to settle in the province of Quebec.



INVESTMENT OPTIONS
1. Full funding
The investor deposits the full amount (CAD$800,000). No further payment is required. After five years, CAD$800,0O0 is returned to the investor with no accrued interest. The funds are invested in a Government Bond during the five-year term.

2. Financed funding
The investor pays the reduced amount of approximately CAD$180,000, depending on the prevailing interest rates of the Bank of Canada. No further payment is required. The funds are used to finance a CAD$800,000 closed five year term loan.



QUEBEC IIP APPLICATION PROCESS

THE PROCESS

TIME

FEES

STEP 1

The applicant will sign an agreement authorizing us to act on the investor's behalf in investing the required funds and dealing with the Quebec Authorities. All supporting documents will be presented by the applicant.

1 Month

 

STEP 2

An application for a Quebec Selection Certificate is completed and submitted through one of the Quebec Immigration Services offices worldwide.

1 Month

Quebec Application Fees

STEP 3

The Quebec immigration authorities review the application and conduct an interview at one of the Quebec Immigration Service offices.

7-10   Months

 

STEP 4

Following approval by the authorities, the investment funds are deposited in the applicant's personal account with the Authorized Financial Intermediary, and then invested with the government.

1-3 Months

Investment : Option 1 or Option 2

STEP 5

A Quebec Selection Certificate is issued by the Quebec immigration authorities.

1 month

 

STEP 6

The applicant must submit the Federal Application to the Canadian Immigration Authorities who will carry out medical and criminall background checks and, upon successful completion, will issue a Canadian Permanent Resident visa.

6-10 Months

Federal
Application Fees

STEP 7

The investor is welcome to arrive in Canada via an initial point of entry in Quebec.

1 Month

 



APPLICATION FEES
Application Fees are required to be paid directly to the government by the applicant. The fees are currently CAD$3,850 (Quebec), CAD$1,050 (Federal) for the principal applicant, CAD$150 (Quebec), CAD$150 (Federal) for each additional family member qualifying under the same application and CAD$550 for spouse and dependants over 22 years old.



PROCESSING TIME
The processing time of an application varies between 18 to 24 months depending on number of factors including the Canadian government's overall selection objectives by geographic pool, immigration category and the volume of applications from various countries.




 
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