Tuesday, November 12, 2024

Québec IIP to accept 1,235 applications from China for 2018/19

Quebec announced new rules into effect regarding the intake and processing of applications for permanent selection. For 2018, Québec expects to admit between 49,000 and 53,000 immigrants, as anticipated in Québec’s Immigration Plan for the year 2018.

 

Application intake period

Quebec IIP application intake is scheduled to run from September 10, 2018 to March 5, 2019

 

Changes to Quebec investor program

 

The Quebec Government announced 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%.

  • 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%).

 

Application limit

The maximum number of applications for permanent selection that will be received under the Quebec Immigrant Investor Program is 1,900 for the period from September 10, 2018 to March 5, 2019.

Applications received after the maximum number of applications has been attained will be returned to the applicants.

 

China

A maximum of 1,235 applications from foreign nationals from the People’s Republic of China, including the administrative regions of Hong Kong and Macao, will be accepted.

 

Priority for french proficiency

Investor candidates who demonstrate, by submitting results of a test recognized by the Ministère, that they have advanced intermediate proficiency in French are not subject to the maximum number of applications and can submit their application at any time. These applications will be given priority processing.

 

Registered intermediaries

Candidates applying for immigration schemes, are required to hire registered intermediaries and service providers.

Prabhu Balakrishnan
Prabhu Balakrishnan
Founder of Citizenship by Investment News. Chief Editor with over 15 years experience in PR and News publishing. He Loves writing about citizenship, residency and wealth migration. CIP Journal is a Leading publication founded in 2017 bringing latest news from CBI/RBI market.

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