Quebec Investors Program Extended To Two Months

30 Dec 2014

For those migrants who are willing to move to Quebec province in Canada, the application deadline for QIP or the Quebec Investor Program has been extended from a few days to two months. The Citizenship and Immigration Canada (CIC) announced that the QIP will be operative from 19 January 2015 to 20 March 2015. This has come as a breather for the aspirants as this is a program with high competition.

Out of a total of 1,750 files which will be considered for assessment, a maximum of 1,200 applications will be accepted from one particular nation. This is the first step in the application process. The final assessment will give way to acceptance being granted. For moving to Quebec, a prospective applicant should possess solely or along with the accompanying spouse, an asset amounting to a minimum of CAD 1.6 million.

A pact must be signed with an authorized financial agent to invest CAD 800,000 in the Investor Program. Additionally, the applicant must possess a minimum of two-year’s management experience within the last five years, with at least two full-time employees. It is not important to showcase their intention of residing in Quebec.

President and CEO of Arton Capital, Armand Arton said that only those applications will be accepted which are duly completed at the time of submission. Such applicants will have to undergo pre-checks by financial representatives.

The Quebec government is taking steps to opt out of the selection process in the form of ‘’lucky draw’’. So, the 1,750 applicants will now be selected on quota basis per financial intermediary. These intermediaries will select only the best applicants and submit the same to the Quebec government.

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