Quebec Immigrant Investor Program

Seeking a secure future in a culturally rich
and economically stable nation? Look no further than the Quebec Immigrant
Investor Program (QIIP), Canada’s exclusive pathway to permanent residency
through passive investment.

With recent updates in January 2024, the QIIP
presents a compelling option for qualified individuals to not only contribute
to Quebec’s economic growth but also establish a permanent foothold in Canada.
However, navigating the program’s nuances can be complex.

This comprehensive guide serves as your roadmap to the
revised QIIP, empowering you with the knowledge and resources to make informed decisions about your potential eligibility.

Quebec Immigrant Investor Program (QIIP): 2024 Eligibility Requirements

Financial Requirements:

●     Demonstrate a legally acquired net worth of at least CAD 2 million.

●     Invest CAD 1.2 million in a government-approved investment for five years. This includes:

○     A guaranteed, interest-free investment of CAD 1 million returned after five years.

○     A non-refundable contribution of CAD 200,000 to the Government of Quebec.

Professional and Language Proficiency:

●     Possess at least two years of full-time management experience within the five years preceding the application.

●     Demonstrate a clear intention to settle and reside in Quebec.

●     Have a good knowledge of French, equivalent to Level 7 on the Échelle québécoise des niveaux de compétence en français (TEF) or another approved test.

Residency Requirement:

●     Obtain a three-year work permit.

●     Reside in Quebec for at least 12 months within the first two years of the work permit.

Family Members:

●     Spouses or common-law partners may need to meet additional eligibility requirements, including language proficiency and financial contributions.

These criteria reflect the program’s goal of attracting individuals who can contribute significantly to Quebec’s economy through investment, job creation, and integration into the community.

QIIP Application Process: A
Roadmap to Permanent Residency in Canada

•  Eligibility Assessment:

Ensure you meet the program’s criteria, including minimum net worth requirements, managerial experience, and investment commitment.

• Documentation Preparation:

Gather official documents verifying your financial standing, professional background, and business ownership, if applicable.

•  Application Submission:

Complete and submit the official QIIP application form along with all
supporting documentation, adhering to the specified format and timeframe.

• Processing and Review:

The Quebec immigration authorities conduct an initial review for completeness and eligibility, followed by a comprehensive evaluation focused on document authenticity and compliance with program requirements.

• Potential Interview:

Based on the application materials, you may be invited to participate in an interview to further discuss your investment plans, intentions, and commitment to settling in Quebec.

•   Conditional Approval and Investment Agreement:

Upon successful application, you receive conditional approval and negotiate an investment agreement with a government-approved financial intermediary to manage your designated CAD 1.2 million investment for five years, with full government guarantee.

•  Investment Completion and Proof of Investment:

Transfer the required investment funds to the designated financial intermediary and provide official proof of the transaction to the Quebec immigration authorities.

• Quebec Selection Certificate (CSQ) Issuance:

Once your investment is confirmed, you receive the Quebec Selection Certificate (CSQ), formally recognizing your selection by the province.

• Initial Open Work Permit and Residency Requirement:

Upon arrival in Quebec, you and your spouse will receive a three-year open work permit, allowing you to pursue employment freely. Dependent children will also receive applicable immigration status.
Within two years of work permit issuance, fulfil the 12-month residency requirement in Quebec, with flexibility to combine your residence duration with that of your spouse.

• Federal Application and Permanent Residency:

With the CSQ and proof of at least 12 months’ residency, submit an application for permanent residency with the federal government.
Complete the mandatory medical examinations and security checks as part of the process. Upon approval, you and your family members included in the application will be granted permanent resident status in Canada.

• Path to Canadian Citizenship:

After residing in Canada for at least 1095 days (including up to 365 days on a work permit), demonstrate adequate English or French language proficiency (Canadian Language Benchmark Level 4) and pass the Canadian citizenship test. Taking the Oath of Citizenship will then grant you the rights
and privileges of a Canadian citizen, including a powerful passport offering visa-free travel to multiple countries.

Essential Reminders:

●     The QIIP application process can be complex and may take several months to over a year.

●     Seeking professional guidance from a qualified Canadian immigration lawyer is highly recommended to ensure efficient navigation and successful application.

●     Program criteria and procedures may be subject to change; obtaining the most recent information before applying is crucial.

By understanding the QIIP application process and its key steps, potential investors can embark on a journey towards permanent residency in Canada and unlock a world of opportunities.

Quebec Immigrant Investor Program (QIIP): Benefits and Considerations