After nearly five years of inactivity, the Quebec Immigrant Investor Program (QIIP) is set to return on January 1, 2024. This unique entirely passive immigration investment program among G7 countries is eagerly welcomed by those wishing to settle in Quebec.
A key advantage of the QIIP is that it requires no active investment nor business management, offering investors the security and predictability essential for obtaining Canadian permanent residency. The program requires a total investment of 1.2 million Canadian dollars, requested only after Quebec authorities have confirmed the candidate’s program eligibility. This sum includes a non-refundable contribution of 200,000 dollars and the purchase of a 5-year, 1 million dollar term note, guaranteed for repayment by the Quebec government. This unique guarantee provides an invaluable peace of mind to investors.
Upon fulfilling the financial criteria, applicants are granted an open work permit to establish themselves in Quebec. They must then meet the physical presence requirements in Quebec (12 months over a 24-month period, with up to 6 months covered by a spouse), in order to receive a Quebec Selection Certificate (CSQ) and apply for permanent residency through federal authorities.
The QIIP not only eases access to Canadian permanent residency but also offers candidates and their families special access to North American markets, along with the benefits of Canada’s globally acclaimed educational and healthcare systems.
Quebec, known for its political stability, safe quality of life, and superior healthcare and educational services, presents an ideal setting for business development and newcomer integration. With its regulated and transparent structure, the QIIP provides a secure and advantageous route for deriving these benefits.
Contact us today at reception@exeo.ca to learn more about this program, renowned for its popularity over the past thirty years.
Overview of the general selection criteria for this program:
- Must be at least 18 years old;
- Require a minimum of 2 years of management experience, gained outside the ineligible sectors, within the 5 years prior to the application;
- Demonstrate French language proficiency at an advanced intermediate oral level, corresponding to a B2 level;
- Possess, along with the spouse or common-law partner if included in the application, a net worth of at least $2,000,000, with proof of legal origin, excluding donations received in the 6 months before the application;
- Hold a diploma obtained before the application, equivalent to at least a Quebec high school diploma;
- Invest, within 120 days following the approval of the application, a 5-year term deposit of $1,000,000 and make a non-refundable financial contribution of $200,000 to the Quebec government through a participating financial intermediary;
- Have obtained a valid open work permit for three years following the receipt of the minister’s notice of intent to select;
- Reside in Quebec for a minimum duration of 6 months within the 2 years following the issuance of the work permit, and complete this period with another stay of at least 6 months, which can be done either by the applicant or by their spouse or common-law partner included in the application.
