Tuesday, November 12, 2024

Quebec investor program opens for application intake

Quebec program has officially opened on Sep 10, 2018 for application intake and will run until March 15, 2018, roughly for about six months.

According to Quebec government, A total of 1900 applications will be accepted of which 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.

The rules regarding the maximum number of applications that can be received do not reflect a change in Québec’s immigration objectives.

Maximum number of applications

Immigration
Program
Maximum number
of applications
to receive
Application
intake
period
Business immigrants
  • Investor Program
1 900**
September 10, 2018
to March 15, 2019
  • Entrepreneur Program
60
– Stream 1 : 25
– Stream 2 : 35
August 15, 2018
to March 31, 2019
  • Self-employed
    Worker Program
50
August 15, 2018
to March 31, 2019
Humanitarian immigration
  • Program for
    Refugees Abroad
    (Collective sponsorship)
750**
September 17, 2018
to February 1, 2019

 

New Investment Requirements

 

Quebec increased the investment minimum by 50% this year, and amendments to the immigrant investor program was published in official gazette

To be eligible for the Investor Program, applicants are required to meet the following conditions:

 

  • Net Assets: Have, alone or with your accompanying spouse or de facto spouse, legally acquired net assets of at least C$2,000,000, excluding any amounts received by donation less than six months before your application is submitted
  • Business experience: Have management experience in a legal farming, commercial or industrial business; in a legal professional business whose staff, excluding you, occupies at least the equivalent of two full-time jobs; in an international agency; or with a government or one of its departments or agencies. The management experience as the exercise, for at least two years in the five years preceding the application for a selection certificate, of duties related to the planning, management and control of financial, human or material resources under your authority. This does not include experience acquired in an apprenticeship, training or specialization leading to a diploma.
  • Investment minimum: Intend to settle in Québec and sign an agreement to invest C$1,200,000 with a financial intermediary (broker or trust company) authorized to participate in the Investor Program

Applications will also be assessed on other factors, such as your age, education and language skills.

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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