On January 16, 2019, Quebec Ministry of Immigration, Diversity and Inclusion (MIDI) announced that the Quebec government has extended the closing date to August 31, 2019. It is the final opportunity for any individual or family seeking unconditional Canada Citizenship via Investment Program. Quebec formally revealed its new immigrant investor immigration program on July 18, 2018.
Canada Immigration Program’s History
Launched in 1986, the Quebec Investor program is the largest and most popular Canada investment and business immigration program.
The extension of investor immigrant program IIP highlighted increased investment and net worth requirements for the primary time in nearly 9 years.
The program required an investment requirement of $1.2 million, up from $800,000. The qualifying net worth amount increased to $2 million, up from $1.6 million.
Discover if you are eligible for Canada Investor Entrepreneur Program:
- Have, alone or with your accompanying spouse or de facto spouse, legally acquired net worth of $2 million. (You can include your real estate properties, Businesses, Cash at bank, Shares, TDR, etc)
- Two years of employment or business experience within the five years preceding the application for a selection certificate.
- Sign an investment agreement to make a non-refundable investment of CAD $ 350,000/- after approval of the application.
Why Investor Immigrant Program (IIP)?
- The most famous & awaiting program for the investors worldwide for the period 2018-2019 opened by MIDI on Sep 10, 2018.
- It is fairly straight forward program with two simple steps. The first step is with Govt. of Quebec where the application is submitted, reviewed and a decision is being made, if approved the investor is allowed to make investment and subsequently approved certificates (CSQ) is issued. The second step with the Federal Government conducts a Security background and medical check of the applicant and his family to issue the visa & Permanent Residency.
- Created in 1986, it has remained so far the fastest business program. Usually, the application is approved in 8-10 months while previously it took 5 to 6 years. Approval is a significant confirmation that Immigration Visa and PR will be issued. After approval, usually, Federal Govt. processing takes 12-18 months for issuance of visa to you & your family.
Advantages of Canada Immigration Program
- Permanent Residency in Canada: The immigrant investors get permanent residency in Canada along with their families. The applicants and their families can enjoy the access to healthcare, education and other benefits that permanent residents have.
- Risk-free investment: The program offers risk-free investment. The investment is guaranteed by the Government.
- No waiting period: There is no waiting period like most of the other investor immigration programs. Your selection in IIP will lead to PR.
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