Quebec Immigration Investor Program
Quebec Immigration Investor Program
Quebec Immigration Investor Program (QIIP)
As of August, 2015, Quebec has reopened one of the world’s most popular immigration investor programs, the Quebec Immigration Investor Program (QIIP). The program offers a Permanent Resident Visa and related benefits to its candidates and their immediate families. The QIIP will be accepting 1,750 applications as of August 31st, 2015, up until January 29th, 2016, with no more than 1,200 applications from Hong Kong, China, and Macao.
There will be no program cap for applicants with “intermediate” to “advanced” French language proficiency. Candidates who meet this requirement may apply for the Quebec Immigration Investor Program starting April 1st, 2015, until March 31st, 2016.
Requirements for the Quebec Immigrant Investor Program:
- Have a minimum, legal personal net worth of $1.6 million CAD;
- Have a minimum of 2 years of management or business experience within 5 years of submitting the application;
- Commit to a $800,000 CAD investment going to the government for 5 years bearing no interest;
- Settle in the province of Quebec.
The 8 application steps for the Quebec Immigration Investor Program
First, applications are submitted to Quebec immigration authorities. After approval, applications must be submitted for federal processing to Canadian immigration authorities.
1. Application is collected by the Quebec Immigration Visa Office.
All applications must include:
- Police Clearance Certificates
- Documents proving civil status and identity
- Documents proving net worth
- Supporting documents proving education credentials
- Business experience and qualification documents
- Correctly completed and signed forms
Correctly completed applications are deposited into the processing queue, and an Acknowledgement of Receipt is delivered to the applicant. Incomplete applications are returned to the applicant.
2. Application is assessed by a Quebec Immigration Visa Officer.
Your application will be carefully checked by a Quebec Immigration Visa Officer to establish that you meet the net worth provisions and that it was collected legally. Business experience and other qualifications are also reviewed.
3. If necessary, personal interviews are determined.
If your application is accepted, you will be called to an interview with an Immigration Officer. If necessary, within ten business days of receiving an interview appointment you will need to arrange to deliver updated forms and documents to support your application. All documents submitted to the Quebec Immigration Visa Office as copies will need to be replaced with originals. In several instances, interviews may be determined unnecessary.
4. You will need to complete a wire transfer.
Proceeding a successful interview (if necessary), a wire transfer will be required to be sent to the Quebec immigration authorities. Your Quebec Selection Certificate (Certificat de Sélection du Québec, or more commonly known as a CSQ) will be given after the wire transfer is received.
5. Application is submitted to the Canadian Immigration Visa Office.
After your CSQ is issued, you have one year to submit your application to federal authorities. Your application must include your CSQ, identity and civil status documents, police clearance certificates, and federal government processing fees. Incomplete applications are returned to the applicant.
6. Medical Instructions are issued.
Once your application is appraised by the Canadian Immigration Visa Office, medical instructions will be given to you. You and your accompanying family members (if applicable) will need to go through a medical examination by a doctor that has been approved by Citizenship and Immigration Canada.
7. The Right of Permanent Residence fee, and your passport will be requested.
Once your medical results have been received by the Canadian Immigration Visa Office, they will request the Right of Permanent Resident Fee (RPRF) payment and your passport to issue your Canada Immigration (Permanent Resident) Visa.
8. Canadian Immigration (Permanent Resident) Visa is issued.
Your Canada Immigration Visa will be delivered to you. Your Canadian Immigration Visa has an expiry date, by which time you and your accompanying family members must enter Canada.
For more information regarding the Quebec Immigration Investor Program, visit the Alghoul & Associates’ contact page.