Are you a high net worth individual looking to migrate to Canada? If yes, then the Quebec Immigrant Investor Program (QIIP) may be the right option for you. It is one of the most popular and sought-after investor programs in the world. The QIIP was introduced in 1986, and since then, it has attracted thousands of investors from around the world, providing them with an opportunity to settle in Canada with their families. This blog post aims to provide an overview of the QIIP, its benefits, and the process of applying.
Eligibility criteria – To apply for the QIIP, you need to meet specific eligibility criteria. You need to have a minimum net worth of CAD 2 million, possess at least two years of experience in senior management or business ownership within the past five years, and be willing to invest CAD 1.2 million in the program. Additionally, you should have a clean criminal record and be willing to settle in Quebec.
Benefits of QIIP – The QIIP offers many benefits to investors. Firstly, it provides investors with a chance to obtain Canadian permanent residency status for themselves and their family members. Secondly, it allows investors to live and work in any Canadian province except for Quebec. Thirdly, it provides investors with the opportunity to access high-quality education and healthcare services. Lastly, investors can apply for Canadian citizenship after fulfilling the necessary residency requirements.
Investment requirement – To apply for the QIIP, investors need to invest CAD 1.2 million in a government-approved investment fund for a period of five years. The investment fund is managed by Investissement Quebec and is deemed a safe and secure investment option. Upon the expiry of the five-year period, investors can claim their full investment amount without interest.
Application process – The QIIP application process has five stages, starting with submitting an application for preliminary eligibility assessment. If your application is approved, you receive an invitation to apply. The next stage requires the submission of your complete application package, including a detailed business plan and supporting documentation. After the review of your application, you are invited for an interview. Once the interview is completed, and you receive a Quebec Selection Certificate (CSQ), you can apply for permanent residency to the Government of Canada.
The QIIP is an excellent opportunity for high net worth individuals to migrate to Canada and enjoy its many benefits. It provides investors with a chance to obtain permanent residency status for themselves and their families, invest in a safe and secure investment fund, and access high-quality education and healthcare services. If you meet the program’s eligibility criteria, then you should consider applying for the QIIP. The application process can be long and complex, but with the help of a professional immigration consultant, you can navigate it with ease.