The Quebec Immigrant Investor Program (QIIP) was Re-opening

The Quebec Immigrant Investor Program (QIIP) was Re-opening

The Quebec Immigrant Investor Program (QIIP) was launched in 1986 to attract business people and investors to Quebec. It has undergone several changes over the years to adapt to evolving policies and economic conditions. The program was temporarily suspended in 1991 but reopened in 1993 with stricter eligibility criteria. In 2001, a selection grid was introduced to prioritize applicants based on various factors. The investment amount was increased in 2002 and reduced in 2018 to CAD 1.2 million. The QIIP aims to balance attracting investors with meeting the economic and immigration goals of Quebec.

Requirement Updates

Financial

To participate in the program, applicants will need to make a 1 million CAD$ investment for a period of 5 years. Additionally, a non-reimbursable contribution of 200,000 CAD$ is required

Settlement Time

Before being granted permanent residency in Quebec, either the main applicant or their spouse must reside in Quebec for a period of six months as a temporary resident.

Language

The requirement of obtaining a minimum score of 7 out of 12 on a French proficiency test for permanent residency in Quebec this may cause concerns for applicants from non-French-speaking countries.

1.Low level of investment up to CAD$ 225,000/
2. Direct Permanent Residency
3. Easy Language Requirements  (French Not Mandatory / IELTS CLB 5 )
4. Quick Process Time
5. Easy Business Expansion Possibilities
6. Citizenship 

Considering the recent updates in the Quebec Immigrant Investor Program (QIIP), the Start-up Visa Program offers an attractive alternative with lower investment, direct permanent residency, relaxed language requirements, quick processing, and opportunities for business expansion, ultimately leading to citizenship.

Do you have plans to move to Canada in the future? Before making the leap, be sure to find everything you need to get started. 

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