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24 Sep 2018
Currently the immigration authority in Quebec has increased the threshold for the application window to$1.2 million. In the past it was $800,000.
Moreover, this is a passive investment for five years carrying no interest. It is returnable after five years and is also guaranteed by the government. The government in Quebec keeps the interest accrued.
The program allows applicants to finance the investment by using designated financial intermediaries. The financing schemes need a payment of $350,000 prior to the intermediary loans and $850,000 for meeting the investment of $1.2 million. The financial intermediary, who has the approval of the government, deposits the total amount in Investment in Quebec. The interest from the down payment covers the bank fees and commission of the Immigration Agent.
Requirements
The down payment of $350,000 is the walk away amount representing the cost of interest of lost opportunity that an applicant earns after investing $1,200,000 in the open market for the period.
Candidates must also have personal net worth of $2 million which must be acquired legally. Previously it was $1.6 million for the year 2018-19.
The Quebec Investor program is popular and is a large program in the business and investment sphere. It is only option in the country where wealthy business immigrants get permanent residence in Canada after making a passive investment.
Valid from September 10th, 2018 till March 15, 2019
The present 2018-19 application period commences on September 10th, 2018 and is valid till March 15, 2019. Moreover, it will receive 1,235 applications from China, Hong Kong, Macau and 665 from other places. Applicants who possess advance intermediate abilities in the French language do not have to worry regarding quota limitations. Furthermore, after the termination of the federal government version in 2014, this program is prominent in the business immigration landscape.
Quebec accounts for $1 billion direct investments to the province since its inception.
The New Requirements of Quebec Immigrant Investor Program
The process Q.I.I.P.
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Posted On 13 Jun 2020
Posted On 12 Jun 2020
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