For anyone considering immigrating to Canada, there are many programs available to make the transition easier. One of these programs that has gained popularity in recent years is the quebec immigrant investor program. It is a great way for individuals to immigrate to Canada while also contributing to the country’s economy. In this article, we will cover everything you need to know about QIIP, including its requirements, benefits, and application process.
So, what exactly is the Quebec Immigrant Investor Program? It is a program designed to attract qualified investors and their families to come and settle in Quebec. The program was first launched in 1986 and is currently operated by the Quebec government in partnership with the Canadian federal government. According to the latest program as of August 2021, this program is still accepting applications and you could be granted a Canadian permanent residency within 2 years of application.
The QIIP has several requirements that applicants must fulfill before they can be considered for permanent residency in Canada. First, applicants must have a net worth of at least CAD 2 million. This net worth must have been acquired legally, and it cannot be gifted or inherited. Second, applicants must invest CAD 1.2 million in an approved financial intermediary for a period of five years. This investment is guaranteed by the Quebec government, and it will be returned to the investor at the end of the period.
Other than that, applicants must also have at least two years of managerial experience in a company they own or have managed for 2 years. Applicants must have a managerial experience in commercial, industrial, or agricultural business. Applicants, with 50% ownership in an eligible business, whose yearly revenue is $1 million will also meet the requirement of managerial experience.
One of the main benefits of the QIIP is that it offers a relatively quick path to permanent residency in Canada. The application process usually takes 12-16 months from start to finish, which is significantly faster than other immigration programs. Once the application is approved, applicants will receive a Quebec Selection Certificate (CSQ), which they can then use to apply for permanent residency from the Canadian government.
In addition to the rapid processing time, successful QIIP applicants can also benefit from Quebec’s excellent healthcare and education systems, as well as its high quality of life. They will also be able to travel and work in Canada without the need for additional permits. To be more precise, they will be able to work in every province except for Quebec, thus being able to work anywhere in Canada, except for Quebec.
In conclusion, the Quebec Immigrant Investor Program is an excellent opportunity for individuals who want to immigrate to Canada while also making a significant investment in the country’s economy. The program has several requirements that applicants must meet, but the benefits are well worth it. From a quick processing time to access to high-quality healthcare and education, the QIIP is an excellent option for anyone interested in pursuing permanent residency in Canada. If you’re interested in applying for the QIIP, be sure to research the requirements thoroughly and consult with an immigration lawyer to ensure you’re on the right track.