All About Quebec Immigrant Investor Program (QIIP)2023

The Quebec Investor Program (QIP) can be a great option to invest in Canada and obtain permanent residency. QIP is a program for wealthy individuals who wish to move to Quebec as investors. This article discusses the Quebec Immigrant Investment Program (QIIP), eligibility requirements, investment requirements, application process, processing time, and costs.

Eligibility For Quebec Immigrant Investor Program (QIIP)

To qualify for the Quebec Immigrant Investor Program (QIIP), applicants must meet several requirements, including:

Age Requirements: Applicants must be at least 18 years of age at the time of application.

Net Worth Requirements: Applicant must have a net worth of at least 2 million Canadian dollars, legally acquired. A recognized third-party agency must verify this net worth.

Management Experience: Applicants must have at least two years of management experience in the last five years in a company with at least two full-time employees. This experience can be in a commercial, industrial, or agricultural business or a professional establishment such as a doctor or law firm.

Intent to settle in Quebec: Applicants must intend to pay in the province of Quebec and be willing to sign an agreement to invest 1.2 million Canadian dollars in the region over five years. An authorized financial institution in Quebec can finance the investment.

Meeting these eligibility requirements is the first step in the QIIP application process. Applicants who meet these requirements can move on to the next stage of the process, which includes submitting an application, passing a health and safety check, and interviewing Quebec immigration officials.

Quebec Investor Program (Qip) Requirements

The Quebec Investor Program (QIP) has several requirements that applicants must meet to participate in the program. These requirements include:

Net worth: Applicants must have a net worth of CAD 2 million and be legally acquired.

Management experience: Applicants must have at least two years of management experience in business, administration, or an international organization within the last five years.

Investment: Applicants must commit to a government-guaranteed investment of CAD 1.2 million over five years. The acquisition will be returned to the applicant at the end of the five years without interest.

Language skills: Although there are no language skills for the QIP, applicants are encouraged to acquire a basic knowledge of French or English to integrate into Quebec society.

Medical and security clearances: Applicants must complete a health and safety screening as part of the application to ensure they do not pose a health or safety risk to Canada.

Intent to reside in Quebec: Applicants must prove their intention to live in Quebec by signing an agreement with a financial intermediary based in Quebec to invest and settle in Quebec.

How Can I Immigrate To Quebec As An Investor?

To apply for the Quebec Immigrant Investor Program (QIIP), you must first submit an Expression of Interest (EOI). After submitting your EOI, you can apply to the program if you meet the eligibility requirements. After receiving the invitation, you must submit a complete application and all necessary documents. The QIIP processing time is approximately 12 to months, depending on the number of applications received.

The  Quebec Investor Program (QIP) has many benefits. Successful applicants will be granted permanent residency in Canada, which means they can live, work and study in Canada. They also have access to free healthcare, education, and social benefits. In addition, Canada is known for its high quality of life, and Quebec is a vibrant and diverse province with a strong economy.

How Much Does The Quebec Investor Program Cost?

The Quebec Investor Program (QIP) cost includes a processing fee, a deposit, and an investment amount of C$1.2 million. The processing fee is non-refundable and is payable at the time of application. The bond is repayable and is kept by the state for five years. The investment amount of CAD 1.2 million will also be repaid after five years, but no interest will accrue during this period.

It is important to note that there may be additional fees involved in the application, such as the fee for language tests, health tests, and police clearances. The program’s total cost can reach several hundred thousand dollars, so it is essential to consider all costs carefully before applying.

What Is The Quebec Immigrant Investor Program 2023?

The Quebec Investor Program (QIP) cost includes a processing fee, a deposit, and an investment amount of C$1.2 million. The processing fee is non-refundable and is payable at the time of application. The bond is repayable and is kept by the state for five years.

The investment amount of CAD 1.2 million will also be repaid after five years, but no interest will accrue during this period. It is important to note that there may be additional fees involved in the application, such as the fee for language tests, health tests, and police clearances. In general, the program’s total cost can reach several hundred thousand dollars, so it is essential to carefully consider all costs before applying.

Benefits Of the Quebec Immigrant Investor Program

The Quebec Immigrant Investor Program (QIIP) offers several benefits to successful applicants, including:

Permanent Residence: Successful QIIP applicants and their families are granted permanent residence in Quebec, allowing them to live, work and study in the province indefinitely.

No Language Requirements: Unlike other immigration programs,  QIIP has no language requirements, making it an attractive option for those who do not speak French or English.

Educational opportunities: Quebec is home to several world-renowned universities and colleges. Permanent residents can use the province’s high-quality education system to advance their careers and improve their skills.

Access to health care: Permanent residents of Quebec can use the province’s public health system, which offers comprehensive health care.

Business Opportunities: Quebec is a vibrant and diverse province with a thriving economy and many business opportunities. Successful QIIP applicants can use these opportunities to start or expand their businesses.

Family sponsorship: Quebec permanent residents can sponsor family members to join them in Canada, allowing them to reunite with loved ones and build a new life together.

What Is The Success Rate Of Quebec Investor Visa?

Success rates for the Quebec Investor Visa (also known as the Quebec Immigrant Investor Program (QIIP)) vary depending on several factors, including applicant qualifications, visa requirements, and changes in immigration policy. Overall, QIIP has a relatively high success rate compared to other immigration programs, with an acceptance rate of around 80 to 85 percent in recent years. However, it is essential to note that meeting the basic requirements does not guarantee admission, and the application process can be competitive and rigorous.

Applicants must submit detailed documents and meet different net worth, management experience, and investment plan criteria. In general, the success rate of a Quebec investor visa depends on several individual factors and the current state of the immigration system, so it is essential to consult with a qualified immigration professional and carefully consider all the requirements before applying.

Final Words

In conclusion, the Quebec Investment Program (QIP) is an attractive option for wealthy individuals who wish to immigrate to Canada and live in Quebec. The program, with a  net worth of at least 2 million Canadian dollars and an investment of 1.2 million Canadian dollars, offers a relatively quick and easy way to obtain permanent residence in Canada. In addition, the Quebec Immigrant Investor Program (QIIP) has been renewed for 2023, making it even more attractive to potential applicants.

If you are a wealthy individual who wants to immigrate to Canada and settle in Quebec, the Quebec Investment Program may be the right choice for you. This option is worth considering as an opportunity to obtain a permanent residence permit in a relatively short time without a job offer or a certain level of education. You can contact our colleagues at cianimmigration for advice.

Frequently Asked Questions:

How long does processing an application for the Quebec Investor Program take?

Processing time for a Quebec Investment Program application can vary but usually takes about 12

months.

Do I have to have a job offer to apply for the Quebec Investor Program? 

No, you do not need a job offer to apply for the Quebec Investor Program.

Can I include my spouse and children in my Quebec Investor Program application?

Add your spouse and dependent children to your  Quebec Investment Program application.

How much does it cost to apply for the Quebec Investor Program? 

The cost of applying for the Quebec Investor Program can vary but usually includes a processing fee, a deposit, and an investment of CAD 1.2 million.

Can I apply for the Quebec Immigrant Investor Program (QIIP) in 2023 if I have already applied?

Yes, you can apply for the Quebec Immigrant Investor Program (QIIP) in 2023 even if you have previously applied, as long as you meet the eligibility criteria and have not been denied due to misrepresentation or ineligibility.