The Quebec Government published new changes related Quebec Immigrant Investor Program (QIIP). According to new changes, applicants net asset requirement increased by 25% and the investment amount increased by 50%.
Important Changes to the QIIP include the following:
- Net assets of at least CAD $2,000,000 (previously $1,600,000 up by 25%);
- Investment amount has increased to CAD $1,200,000 (previously $800,000 up by 50%).
It is estimated that these changes will be implemented on or after August 2018, when there is new intake of applications.
According to Quebec Government, latest announcement
Investors, entrepreneurs and self-employed workers: No applications for a Certificat de sélection du Québec under the Investors Program, the Entrepreneurs Program and the Self-Employed Workers Program will be received by August 15, 2018.
The Quebec investor program announced changes , which is published in GAZETTE OFFICIELLE DU QUÉBEC, March 28, 2018, Vol. 150, No. 13, available in english.
Investor program
The Minister selects a foreign national as investor if the foreign national meets the conditions provided for in the investor program.
An investor is a foreign national at least 18 years of age who settles in Québec to invest in Québec. The Minister selects a foreign national under the investor program if the foreign national
(1) has experience in management;
(2) has, alone or with the accompanying spouse or de facto spouse, net assets of at least $2,000,000 whose lawful origin must be demonstrated;
(3) makes a 5-year term investment of $1,200,000 with a subsidiary of Investissement Québec for which the foreign national has entered into an investment agreement with a financial intermediary bound by an agreement with the Minister and the subsidiary and that will be the foreign national’s mandatary in Québec;
(4) obtained the passing score provided for in the Regulation respecting the weighting applicable to the selection of foreign nationals in the awarding of the points in respect of the factors and criteria provided for in the Selection grid for the economic class in Schedule A
