Created by the Government of the Province of Quebec in 1986, Quebec's Immigrant Investor Program (IIP) is designed to allow business people and their families to enter Quebec as permanent residents. Funding made available through the program helps provide subsidies in support of Quebec's small and medium businesses.
INVESTMENT OPTIONS1. Full Funding
The investor deposits the full amount (CAD$1,200,000). No further payment is required. After five years, CAD$1,200,000 is returned to the investor with no accrued interest. The funds are invested in a Government Bond during the five-year term.
The investor pays only a reduced amount, depending on the prevailing interest rates of the Bank of Canada. No further payment is required. The funds are used to finance a C$1,200,000 closed five year term loan.
Note: The financial intermediary meets the definition under Section 39 of the Regulation respecting immigration to Québec, has signed a tripartite agreement with Ministère de l’Immigration, de la Diversité et de l’Inclusion and IQ Immigrants investisseurs Inc. (Section 39 of this regulation) and has submitted an investment agreement in accordance with the provisions of Section 41.
To qualify under Quebec's Immigrant Investor Program, the law and regulations state that the applicant must:
Have a minimum net worth of CAD$2,000,000 acquired through lawful economic activities.
Have at least three years' management experience (planning, supervising and overseeing human, material or financial resources) in a profitable and lawful business (agricultural, industrial or commercial), in government or with an international agency.
Agree to invest CAD$1,200,000 over a five-year period through an Authorized Financial Intermediary duly recognized by the Immigration Authorities in Quebec (MICC) and Investissement Quebec (IQ). This investment is fully guaranteed by the Government of Quebec.
Declare and intent to settle in the province of Quebec.
Application Fees are required to be paid directly to the government by the applicant. The fees are currently C$15.235. The fee payable for an application submitted under the Investor Program covers the entire file of the principal applicant and includes accompanying family members.Processing Time
The processing time of an application varies between 18 to 24 months depending on number of factors including the Canadian government's overall selection objectives by geographic pool, immigration category and the volume of applications from various countries.
The applicant will sign an agreement authorizing us to act on the investor's behalf in investing the required funds and dealing with the Quebec Authorities. All supporting documents will be presented by the applicant.
An application for a Quebec Selection Certificate is completed and submitted through one of the Quebec Immigration Services offices worldwide.
The Quebec immigration authorities review the application and conduct an interview at one of the Quebec Immigration Service offices.
Following approval by the authorities, the investment funds are deposited in the applicant's personal account with the Authorized Financial Intermediary, and then invested with the government.
A Quebec Selection Certificate is issued by the Quebec immigration authorities.
The applicant must submit the Federal Application to the Canadian Immigration Authorities who will carry out medical and criminal background checks and, upon successful completion, will issue a Canadian Permanent Resident visa.
The investor is welcome to arrive in Canada via an initial point of entry in Quebec.