The Quebec immigrant Investor program is reopening in September 2014, as announced in the Gazette Officielle du Québec, March 26, 2014.
The MICC will proceed with the reopening as follows:
- From the 8th to the 19th of September, 2014 the MICC will accept up to 1,750 applications. A maximum of 1,200 for any country.
- If this quota is not reached by September 19th, 2014, the MICC will reopen from the 1st to the 12th of December, 2014.
- The same lottery system will apply.
- All applications must be sent to the Minister by regular postal mail only. The stamp of the Ministère will be evidence of the date of receipt of the application by the Minister.
- An applicant submitting more than one application under the Investor Category during this time frame will have all the immigrant investor applications rejected and returned.
The following table summarizes the requirements for the Quebec Immigration Investor Program.
|Requirements||Quebec Immigrant Investor Program|
|Net Worth:||CAD $1.6 Million. Funds must be legally obtained and verified through supporting documentation.Funds may be combined with accompanying spouse or common-law partner to meet the Net Worth requirement.Donations received may be counted if received more than 6 months prior to the date of your application.|
|Investment:||CAD $800,000 for 5 years (0% interest); or a one-time payment of CAD $180,000 with a financing option|
|Management Experience:||Minimum of two years in the 5 years preceding the date of your application of duties related to the planning, management and control of financial resources and of human or material resources under your authority; or the management of 5 full time employees for 2 years in the 5 years preceding the date of application|
|Intended Place of Residence||Anywhere in the Province of Quebec.|
|Other Requirements:||Must pass medical, criminal and security background checks.|
You have two choices in making your investment under the Immigrant Investor Program:
Investment of CDN $800,000: You may choose to invest the full amount of CDN $800,000 by making a direct investment of $800,000. These funds are guaranteed by the Government of Quebec and will be returned to you in full, without interest, at the end of the five year period; OR
One-time payment with financing: Applicants may choose to arrange financing through an approved financial institution. Under financing, you will make a one-time payment of CAD $180,000 which will not be returned to you. The financial institution with then make the required $800,000 investment on your behalf. As a Certified Agent of National Bank Financial, we can assist you in arranging for financing of your investment.
Applicants must have at least 2 years of managerial experience in the 5 years preceding the date of the application. This experience must have occurred in a legal farming, commercial or industrial business, or in a legal professional business (i.e. medical practice, law firm, accountants office) where the staff, excluding the investor, occupies at least the equivalent of two full-time jobs, or for an international agency or a government or one of its departments or agencies.
Management experience is defined as the exercise, for at least two years in the five years preceding the application, of duties related to the planning, management and control of financial resources and of human or material resources under your authority; the experience does not include experience acquired in the context of an apprenticeship, training or specialization process attested to by a diploma.
You are required to have a minimum net worth of CAD $1.6 Million (or its equivalent in a foreign currency). You may include the assets of your spouse or common-law partner in order to meet the $1.6 Million requirement.
You must be able to prove that no portion of your net worth was obtained through criminal activity. You will be asked to explain any discrepancies between your net income over the years and your present net worth. The visa officer who assesses your net worth may ask you for documents to back up both your income sources and your net worth.