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Quebec Investor Program-Ideal Scheme for Overseas Investors

It is no secret that the much talked about Quebec Investor Program (QIIP) is one of the oldest and most successful Canadian immigration Programs. The Provincial Government introduced the scheme in 1986 to allow overseas business people to come to the province as permanent resident with their family. The funding made through the scheme is used to provide subsidies to support small and medium size business in the province.

QIIP–tailored to meet the needs of the overseas investors

The scheme offers an opportunity to the overseas business professionals to settle in the country as a Permanent Resident (PR) in about 24 to 36 months followed by Canadian citizenship soon after the candidate has lived and worked in here for three years. The plan is passive in nature, which means the lucky candidates selected under the Program do not have to start a new or actively manage a business in the province.

The scheme is open for the overseas business people and managers of any country, and like other investor Programs, the QIIP does not have any age limitation, education requirement or language bar.

Quebec Investor Program Details

  • The candidate along with a spouse/common law partner or alone must have accumulated at least 1,600,000 Canadian Dollars through a business, or else by managing a business as employee.
  • He must own a company for at least two years or must have owned one for not less than two years out of the last five years, or else must have two years of business management experience as an employee.
  • He must intend to permanently settle in the province.
  • He must be committed to make a passive investment of at least 800,000 Canadian Dollars with the Quebec Government for a period of five years.

The intake period of the Quebec Immigrant Investor Program is from May 30, 2016 to February 28, 2017, and the Quebec Government will accept a maximum of 1,900 applications. It will be no surprise if the intake period is reached before the due date. However, candidates with the advanced intermediate knowledge of French are given relaxation with the liberty to apply until March 31.

Quebec Investor Program Advantages

The Program offers many advantages and some of them are as follow:-

  • A successful candidate gets the country’s PR Visa. There is neither a conditional stage nor probation period.
  • The investment is risk-free and guaranteed by the Quebec Government, and it will be returned to the investor at the end of the five years, though at zero interest rate.
  • Candidate’s immediate family members, i.e., spouse or common law partner and dependent children, below the age of 19, are included in the Program and they enjoy the similar status and benefits that of primary candidate.

Given this, overseas investors get an opportunity to live in a diverse and multicultural province. Additionally, investors get a chance to make a good return in the province even as there is no end to job opportunities as well.

The scheme is currently open and accepting applications for the present intake period and thus the overseas investors must make a quick move.