The Quebec Immigrant Investor Program (QIIP) allows investors to obtain Canadian permanent residence by investing CAD $1.2 million risk-free through an approved financial intermediary or by financing that investment.
A new intake period for the program began September 10, 2018, and was scheduled to run until August 31, 2019. However, candidates with approved language test results showing an intermediate-advanced proficiency in Speaking and Listening in French have until October 31, 2019, to apply. The quota for this intake period is 1,900 applications. A maximum of 1,235 applications will be accepted from China (including Hong Kong and Macau).
Candidates for the Quebec Immigrant Investor Program are awarded points based on six factors under the Quebec Economic Class selection grid for the program. A minimum passing score of 40 points is required and the mandatory cut-off scores of 10 points and 25 points for management experience and financial investment, respectively, must be satisfied.
Quebec Immigrant Investor Program candidates are evaluated based on factors that include education level/areas of training, experience in management, age, language proficiency in French or English, stay and family in Quebec, and the Investment Agreement. The maximum points available are 94 points for applicants with or without a spouse or common-law partner.
Candidates who satisfy the required minimums for management experience and financial investment will only need five additional points to meet the passing score of 40.
Those points could be met if candidates satisfy only one of the following example requirements:
Quebec investor program candidates may be invited to a selection interview following a review of their application.
All Quebec Immigrant Investor candidates are expected to meet the following minimum requirements:
|Minimum Net Worth||A minimum of CAD $2,000,000 in legally acquired net worth, alone or with the help of their spouse or common-law partner if accompanying the applicant. Assets such as property, bank accounts, pension funds, stocks and shares may be included.|
|Business or Management Experience|
A minimum of two years of management experience over the course of five years prior to the submission of the candidate’s application. The experience must have been acquired in a specific enterprise (agricultural, commercial, industrial), or in a government or international agency, and in a position defined as full-time. The company does not necessarily have to be profitable. If the management experience is claimed as a professional, the company must have at least two full-time employees (excluding the candidate).
The candidate can be retired at the time of the submission of the application as long as he/she can demonstrate a recent management experience of two years within the five past years.The candidate must be able to demonstrate the planning, supervision and control of financial resources AND human resources OR material resources, under his/her authority. Experience acquired in the context of an apprenticeship, training or specialization process attested to by a diploma cannot be included.
|Investment||Agreement to invest the sum of CAD $1,200,000 through an approved financial intermediary (this investment can be financed).|