Quebec Immigrant Investor Program
The Quebec Immigrant Investor Program is passive in nature, which means people aren’t required to set up or actively manipulate an enterprise withinside the province.
Rather, this system calls for an funding of $1.2 million right into a prescribed (authorities assured) funding. Applicants ought to have the aim of settling withinside the French-speakme province of Quebec.
Successful candidates are issued a choice certificates from Quebec for Canada immigration, which permits them to acquire Canadian everlasting house following fitness and illegal activity examinations via way of means of Federal immigration authorities.
Applicants ought to have those qualifications:
- Legally received private internet really well worth of $2 million;
- Two years of appropriate control or enterprise revel in in the 5 years previous the utility;
- Investment of $1.2 million right into a passive authorities assured funding for a duration of 5 years bearing no hobby;
- Intend to settle withinside the province of Quebec.
Legally Acquired Net Worth
In order to fulfill the minimal internet really well worth requirement of $2 million, candidates ought to display the internet fee in their modern property, in addition to their records of the purchase of finances over the path in their careers with helping documentation.
Net really well worth is set up via financial institution statements, investor booklets, actual property evaluations, audited monetary statements and different pertinent and updated documentation. Candidates are required to claim all in their private property and liabilities; however, they may be now no longer required to supply proof of property beyond $2 million.
Applicants ought to additionally display that their internet really well worth became received legally. This takes into consideration the individual’s beyond employment income, businesses, neighborhood marketplace conditions, inheritances and donations. While it’s far regularly tough to supply distinctive documentation of the early tiers of an applicant’s career, clean helping files will facilitate the utility manner
Suitable Management Experience
The aim of this system is to draw enterprise acumen and funding to Quebec. A certified applicant has normally owned or controlled an lively alternate or enterprise, which can also additionally consist of expert practices, in preference to simply dealing with funding activities. In this context, grey regions consist of experts that don’t manipulate the enterprise, passive actual property traders and funding managers. For example, growing actual property can also additionally qualify while simply proudly owning actual property won’t qualify.
Suitable control revel in is described withinside the relevant rules as:
“[T]he assuming, for at the least 2 years withinside the five years previous the utility for a choice certificates, of obligations associated with the planning, control and manage of monetary assets and of human or cloth assets below the investor’s authority; the revel in does now no longer consist of the revel in received withinside the context of an apprenticeship, schooling or specialization manner attested to via way of means of a diploma.”
Investment and Financing
Successful candidates are required to make their funding with Investissement Québec for a duration of 5 years, on the stop of which the capital is lower back with out hobby. The 5 yr duration starts offevolved upon issuance of the choice certificates earlier than the applicant has even landed in Canada. Proceeds from the funding are used to fund numerous enterprise and social applications in the province of Quebec.The Quebec Investor softwareallowscandidates to finance the majorityin theirfundingviacertain securities brokerage companies and funding banks. Typically, the financing schemes require a down feeearlier than the financial institution loans the stability up to $1.2 million. The applicant then deposits the sum with Investissement Québec. The down feeisn’t always refunded on thestop of the 5–yrduration. The financial institution takes charges and hobby from the down fee, the immigration agent takes their commissions from the down fee. The internetfee to the investor is the down fee.