Crafted to allure foreign investors capable of bolstering Quebec's economic development, the Quebec Immigrant Investor Program (QIIP) beckons individuals to contribute to the region's prosperity. Prospective applicants must meet specified criteria and furnish personal details to qualify for participation in the program.
Prospective applicants must express a genuine intention to settle permanently in Quebec, demonstrating a steadfast commitment to residing and working in the province long-term.
Applicants are required to possess a minimum net worth of CDN$2,000,000, which can be evaluated using a designated net worth calculator. This net worth can be jointly held with their spouse or common-law partner accompanying them to Quebec. It is imperative for applicants to substantiate the lawful acquisition and accumulation of their net worth, with any grants received within six months prior to application submission excluded from calculation.
A minimum of two years of managerial experience is mandatory for applicants, encompassing a diverse skill set including project management, leadership, interpersonal skills, problem-solving, financial resource management, and human or material resource management. Experience acquired through apprenticeships, training courses, or diploma specializations is not considered eligible.
Applicants must enter into an investment agreement with a recognized financial intermediary, such as an investment broker or trust company, endorsed by both the Ministère de l’Immigration, de la Francisation et de l’Intégration and IQ Immigrants Investisseurs Inc. This agreement necessitates a five-year term investment of CDN$1,200,000 with IQ Immigrants Investisseurs Inc., backed by the Government of Quebec. Financing options may be provided by financial intermediaries for the investment.
The application process entails an evaluation of the applicant's profile using a selection grid, assigning points for factors like management skills, experience duration, and leadership qualities. A minimum score of 40 out of 89 points on the grid is required to meet the cutoff for qualifying factors and criteria.
Applicants must acquire certification attesting to their understanding of democratic and Quebec values within 60 days of receiving a request upon opening their file. Accompanying family members are also obliged to obtain certification.
Completing requisite forms and documents, including a narrative document attached to the application, is mandatory. Applicants must adhere to the guide for crafting the narrative document and complete the Declaration by a Candidate Practicing a Regulated Trade if applicable.
Applicants must remit the stipulated application review fee in full, payable in Canadian currency, either by themselves or a third party, upon submission or mailing of the application. These fees are non-refundable regardless of application outcome.
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Upon submission, applications undergo a comprehensive review process comprising assessment through the selection grid, evaluation of language proficiency, and an interview. A selection counselor from the Ministère de l’Immigration, de la Francisation et de l’Intégration scrutinizes the information and documentation provided by applicants during this phase.
Quebec Selection Certificate (CSQ) and Permanent Residency
Upon acceptance, applicants are issued their Certificat de sélection du Québec (CSQ – Quebec Selection Certificate) and must proceed with their immigration formalities with the Canadian government. As permanent residents, applicants and their families gain access to various benefits, including healthcare and education, as well as unrestricted employment and travel opportunities within Canada.
Important Considerations
To enhance the likelihood of obtaining a CSQ and securing permanent residency in Canada through the Quebec Immigrant Investor Program QIIP, thorough review of eligibility criteria, accurate submission of personal details, adherence to the application review process, and consultation with an immigration expert are essential. With intake periods and a growing popularity among investors seeking establishment in Quebec and contributing to its economy, the QIIP presents a promising avenue for immigration.
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To enhance the likelihood of obtaining a CSQ and securing permanent residency in Canada through the Quebec Immigrant Investor Program QIIP, thorough review of eligibility criteria, accurate submission of personal details, adherence to the application review process, and consultation with an immigration expert are essential. With intake periods and a growing popularity among investors seeking establishment in Quebec and contributing to its economy, the QIIP presents a promising avenue for immigration.
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