Tuesday, July 30, 2013

Quebec Immigrant Investor Program to reopen on 1st August 2013

As predicted, Quebec's Immigrant Investor Program (QIIP) is to reopen on 1st August 2013.


The QIIP will accept only 1,750 applications before it closes again. Applications will only be accepted between 1st August and 16th August 2013 by post. A maximum of 1,200 applications can come from any one country. In the event that more than 2,000 applications are received, there will be a ballot to decide which applications will be accepted for consideration.



Requirements of the QIIP


The main requirements are as follows.

  1. Applicants must invest CAN$800,000 for five years with a financial service provider approved by the Quebec government
  2. Applicants must have assets worth at least CAN$1,600,000. These assets must have been lawfully acquired and held for over six months.
  3. Applicants must have had over two years' management level experience in one of the following fields within the last five years
    • Farming
    • Commercial business
    • Industry
    • Professional business
    • International agency
    • A government, a government department or agency
  4. You must intend to settle in Quebec


Further requirements


When assessing your application, The Quebec immigration authorities will also assess

  • Your French language skills
  • Your age
  • The quality of your management level work experience


You should be aware that in March 2013, Canadian federal immigration minister Jason Kenney warned people who gain Canadian permanent resident status through the QIIP that they are committing immigration fraud if they live anywhere else in Canada other than Quebec.


Global Visa Support offers a variety of programs in Canada. Please visit our Canadian page for more information: http://www.globalvisasupport.com/canada.html

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