Quebec Investor Program (QIIP)
Quebec’s Immigrant Investor Program – or QIIP for short – is a path to permanent residency for high-net-worth foreign nationals. The Quebec Immigrant Investor Program (QIIP) was an option for high-net-worth people seeking permanent residency in Canada through a passive investment. We have the new program in place!
What is the Quebec Investor Program (QIIP)?
In 1986, Canada launched the Federal Immigrant Investor Program (FIIP), and Quebec launched a similar Quebec Immigrant Investor Program (QIIP) for applicants interested in settling in Quebec province. While the FIIP no longer exists, QIIP has continued to attract thousands of families from around the globe who are now Canadian citizens.
Since 2015, QIIP has a quota system limiting the intake of new applications every year.
Current Suspension of the QIIP:
The QIIP is on hold since Fall 2019. It had initially been put on hold until July 2020, but the moratorium was later extended until April 2023 . Two primary considerations triggered the first pause: the first was a significant backlog of applications, and the second was concerns about how many QIIP residents might leave Quebec for other provinces. JTH Lawyers offers another way to achieve the same results as the QIIP. Learn more below!
What are the requirements for Quebec Investor Program (QIIP)?
There are four requirements you need to meet in order to be eligible for the QIIP Program:
- Have a minimum net worth of CA$2,000,000 obtained legally, alone or with your accompanying spouse.
- Intend to settle in Quebec and sign an agreement to invest CA$1,200,000 (a financing option is offered at a fraction of that price) with a broker or trust company authorized to participate in the Investor Program.
- Have at least two (2) years of management experience* in the last 5 years.
- Undergo security and medical clearance.
Management Experience may have been acquired in a legal farming, commercial or industrial business, or in a legal professional business where the staff, excluding the investor, occupies at least the equivalent of two full-time jobs, or for an international agency or a government or one of its departments or agencies.
The Investor must have at least two years of experience within the last five years in duties related to the planning, management, and control of financial resources and of human or material resources. The experience does not include experience acquired in the context of an apprenticeship, training, or specialization process attested to by a diploma.
Once selected by the Province of Quebec, you may apply to the federal immigration authorities for a permanent resident visa, which will be issued if you pass a medical exam and criminal background check.
If you assume being eligible for the Quebec Immigrant Investor Program, please contact us now at info@jthlawyers.com or complete our free online assessment.
NB: Applicants who can demonstrate an intermediate-advanced knowledge of oral French will have priority processing.
BROCHURE AND PROCESSING PROCEDURE AVAILABLE ON REQUEST ONLY
Benefits of Quebec Investor Program (QIIP):
The Province of Quebec offers a variety of advantages: great quality of life, quality universal education and health care systems, a vibrant and diversified economy (including IT, pharmaceutical, R&D, aerospace, etc), a mix of cultures where newcomers can feel at home. It also offers an efficient and accessible immigration program for investors that is not affected by the moratorium on Canada’s Federal Immigrant Investor Program.
- Several Canadian cities amongst the top 10 best cities in the world
- High quality of life
- Strong economy
- Excellent education system
- Free health care system
- low taxes
- low business costs
- excellence in research and innovation
- No language requirement
- No employment requirements
- Protection under Canadian law and Charter of Rights and Freedoms
- Multiculturalism and multilingualism
Start Your Quebec Immigrant Investor Program Application Now!
Free consultation to understand your needs and provide result-oriented tailor-made immigration solutions. Complete our free assessment and we will review your eligibility for your desired programs! Simply fill out the form and we will be in touch with you within a business days in order to advise you of the following steps.
