Quebec Immigrant Investor Program – QIIP

Quebec Immigrant Investor Program (QIIP) Overview

Under the well-known Quebec Immigrant Investor Program (QIIP), high-net-worth individuals can invest in Quebec's economy so securing a future for their families in Canada. Established since 1986, the program is tailored for seasoned entrepreneurs, investors, and top executives. But recent changes in the QIIP make the program a Conditional Work Permission (WP) rather than a straight PR path. Applicants now have to obtain a work permit before qualified for permanent residency. Moreover, French language fluency is now required; eligibility depends on a passing test.

Business owners, top executives, and high-ranking officials wanting to move to Quebec and benefit from the province's world-class infrastructure, first-rate education, and universal healthcare system make up the QIIP target market. While prior versions of the program did not need French fluency, French language abilities are now expected to ensure stronger community integration.

Eligibility Requirements for QIIP

Candidates hoping for the Quebec Immigrant Investor Program will find the following revised criteria applicable:

• Net Worth Requirement: A legally acquired net worth of at least CAD 2 million.
• Business or Management Experience: At least two years of management experience within the last five years in a qualifying business or enterprise.
• Investment Requirement: Must be willing to invest CAD 1.0 million in a government-approved investment fund for five years.
• Funds contribution to Quebec: in addition to the above investment requirement, a cash contribution would be required of CAD 200,000 to Government of Quebec upon selection.
• French Language Proficiency: Mandatory French language test with a required score.
• Conditional Work Permit (WP): Applicants must first obtain a work permit and meet the conditions set by Quebec authorities before becoming eligible for permanent residency.
• Health & Security Clearance: Must pass a medical examination and criminal background check.

Investment Options for QIIP
Once an application is accepted, applicants have two options for fulfilling the investment requirement:

1. Full Investment Option:
• Make a CAD 1,000,000 deposit with Investment Québec (IQ) for a period of five years. IQ is a government-owned corporation in Quebec, Canada which is responsible for promoting economic development, business investment, and innovation in the province.
• The investment is guaranteed to be returned after five years without interest.
2. Financing Option:
• Instead of the full investment, applicants can opt for a one-time payment of around CAD 300,000 through an authorized Canadian financial institution.
• This payment is non-refundable and covers the cost of financing the required investment.

Family Members Included in the Application
Applicants under the Quebec Immigrant Investor Program can include eligible family members in their application. This includes:

• Spouse or common-law partner
• Dependent children under 22 years old

Permanent Residency and Citizenship
Work Permit (WP) to Permanent Residency (PR) Requirements:
Under the new QIIP regulations, applicants are first granted a conditional work permit. To qualify for PR, they must:

• Reside in Quebec for a specified period.
• Maintain compliance with Quebec’s immigration policies.

Canadian Citizenship Requirements:
Those who complete the work permit phase and obtain PR can apply for citizenship if they fulfill these conditions:

• Physically reside in Canada for at least three years within a five-year period.
• Demonstrate proficiency in French and/or English (for applicants aged 18-54).
• Successfully pass a citizenship test (for adults over 18).
• Children under 18 may automatically obtain citizenship if at least one parent becomes a Canadian citizen.

Benefits of the Quebec Immigrant Investor Program (QIIP)
Despite the recent changes, the QIIP continues to offer several advantages:

Path throughout the work permit process towards permanent residency.
Possibility of living, working, and studying in Quebec.
Access to first-rate education at public universities at a far lower cost.
Coverage for universal healthcare including first-rate medical facilities.
Good tax laws for Quebec's business owners and investors.
Traveling internationally and visa-free access to numerous nations upon Canadian Citizenship.

Why Choose Lalani & Associates for the Quebec Immigrant Investor Program (QIIP)?

1. Expert Guidance

Lalani & Associates specializes in investor immigration, ensuring a smooth and hassle-free QIIP application process.

2. Personalized Support

We provide tailored assessments, guiding you through eligibility, documentation, and investment requirements.

3. End-to-End Assistance

From application submission to final approval, we handle every step professionally and efficiently.

4. Strong Track Record

With years of experience and successful cases, we help investors secure permanent residency in Canada through QIIP.

Get in touch now and make your Quebec Immigrant Investor Program (QIIP) simple and stress-free!

Secure your legacy with just a click!