Quebec Immigrant Investor Program. New requirements
At the first stage of new QIIP, a temporary residence permit will be issued for a period of one year, and only then a permanent residence permit. Meaning that applicants would have to take up a temporary residency for the one-year duration. Before they can pursue a permanent residence under Quebec Immigrant Investor Program.
There will most likely be a limit on the number of applications for this program per year.
Applicants will be required to have two years of full-time management experience in a specific industry such as agriculture, commercial, industrial or in a government or international agency.
Investor will have to prove legally acquired personal net worth of $2 million. And also have a plan to settle in the province of Quebec.
The minimum investment for the program is expected to be CAD 1.2 million. However, that will include C$200,000 to be collected as a non-reimbursable contribution into a government investment fund, Investissement Québec. This would be the amount for a five-year, zero-interest investment that the investor gets back at the end of the five years.
