In order to gain permanent residency in Canada through the Quebec Immigrant Investor program, applicants must first meet specific requirements set by the province of Quebec.
These goals must be met by all applicants who are currently living in a French–speaking area of the province. Once these requirements are met, applicants may then submit an application to the program to receive their Canadian permanent residency.
Eligiblity Requirments
To be eligible for the Quebec Investor Program, you must meet the following requirements:
1. A High and Legally Acquired Net Worth
In order to qualify for the Quebec Investor Program, you must have a net worth of at least 2 million dollars and provide proof of funds to demonstrate that these assets are legitimate. You must be able to provide a document to show that your assets equal your income.
Furthermore, you must provide documentation that details your assets, such as profits from previous employment, inheritances, and gains from businesses you have been a part of.
The Quebec Investor Program has two application processes. The first is the Selection process, which is done at the provincial level. Applicants must apply to the province of Quebec and obtain a Certificat de sélection du Québec (CAQ).
The second is the Admission process, which is done at the federal level. Once an individual has a CAQ, they must apply to the federal government for permanent residency in Canada.
Applicants interested in obtaining Canadian permanent residency must go through a medical examination and security check in order to be deemed suitable for acceptance. If the application is approved at both the provincial and federal levels, the applicant may be granted permanent residence in Canada.
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2. Notable Management Experience
The primary aim of the Quebec Program is to attract business moguls from around the world and to benefit from their investments.
In order to qualify for this program, applicants must have two years of experience in essential sectors such as management, control, planning, financial and human resources, and must have been supervised by an investor.
Furthermore, they must demonstrate a considerable net worth to be eligible.
3. Investment and Financing
Candidates of the Quebec Investor Program have the option to invest in Quebec for a period of five years, with the potential for capital to be refunded upon successful completion of the program.
Before arriving in Canada for their permanent residency, applicants must receive a certificate of selection.
Eligible applicants can fund the size of their investment via banks and brokers provided by the Canadian government, and must make a down payment before the bank lends the remaining balance of $1.2 million.
However, the down payment will not be refunded after the elapse of 5 years, as it is used to collect fees and interest from both the banks and immigration services..
Is the Quebec immigrant investors program Still open?
On March 31, 2021, the Quebec government closed the Quebec investors programs, however, it is set to reopen on April 1, 2023.
Why you should choose the Quebec immigrants investors program
The Quebec Immigrant Investor Program stands out from other business investor immigration programs in the United States, such as the EB–5 program, as it does not require applicants to produce many jobs within a specific period.
Additionally, applicants‘ immediate family may be eligible for permanent residency through the Quebec Immigrant Investor Program.
This makes it a great option for international investors looking to immigrate to Canada, as it is currently the only program that is truly beneficial.
People who have a good understanding of business management can relocate to Canada with the help of various immigration and startup business programs.
The Federal startup business programs are specifically tailored to investors whose ideas and innovations have been bought by Canadian companies.
Apart from the Quebec Immigrant Investor Program, which was dissolved in 2014, British Columbia and Ontario also offer a variety of immigration investor programs.
Also Read: Canadian Designated Learning Institution (DLI)
Conclusion
If you manage a large business and are aiming to become a permanent resident of Canada, make sure to take advantage of the numerous advantages that can be gained from the Quebec Program – it is highly beneficial for international entrepreneurs.