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Quebec Immigrant Investor Program To Reopen Soon

27 Jun 2014


Immigration News

Quebec’s Immigrant Investor Program (IIP) will be reopened for a brief period of time from 08 September 2014 to 17 September 2014 to accept 1,750 applications in total from investors across the world, while allotting a maximum share of 1250 for each country.

It is expected that the Chinese citizens will make use of maximum allotted share of 1,250 applications leaving the rest of 500 slots for remaining countries.

Business men who have a net worth of $1.6 million CAD or greater can start a business in Canada by lending a loan amount of C$800,000 to the government without interest for duration of five years. Under Quebec’s IIP, investors and their families may gain the eligibility for Canadian citizenship.

Earlier Canadian government announced that Quebec’s IIP will undergo significant changes with higher financial threshold in 2015. The program looks out for individuals, who have experience in business and wish to make passive investment. IIP considers factors such as personal assets, business management experience to qualify the candidates.

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