Introduced in 1986, the highly successful Investor Quebec offers qualified high net worth individuals and families worldwide the opportunity to immigrate to Canada through the Province of Quebec. With the recent closure of Canada’s Federal Immigrant Investor program, the exclusive QIIP is the only Canada investor visa of its kind currently available to international business people, and it boasts the same investment standards as the former federal program.
Step 1: Law firm works alongside the client to obtain all supporting documentation required by the Quebec Investor Program including:
Step 2: If any supplemental documentation is not in English or French, the law firm will help arrange the certified translation of the documents by an accredited translator. Please note: Canadian immigration authorities will only accept certified translations signed or stamped by professional translators with verifiable credentials in Canada. Otherwise, translated documents that are not accompanied by an affidavit swearing to the accuracy of the translation, as well as the proficiency of the translator, will not be recognized.
Step 3: Lawyer completes investor visa Canada application form as per government guidelines, and organizes all supporting documentation.
Step 4: Client reviews their investor file and signs QIIP application form as well as the power of attorney mandate allowing the law firm to communicate with the Government on their behalf.
Step 5: Lawyer formally submits signed application and supporting documents to Immigration Quebec for initial processing. The CAD 15,111 Government application fee is due at this point and must be paid via Canada Post money order or a bank draft drawn from a bank with a presence in Canada. Please note: this Government processing fee may be subject to a small increase in 2019.
Step 6: Incomplete applications are returned to the candidate. Adequate applications are added to the processing queue and an official QIIP Acknowledgement of Receipt is sent to the applicant.
Step 7: Quebec immigration authorities review the application to ensure client satisfies all investor category immigration Canada requirements including minimum legally obtained net worth and business management experience.
Step 8: Applicants who meet the selection conditions and criteria of the Immigrant Investor Program (IIP) will be scheduled for a personal interview with a Quebec immigration officer. Within ten business days of being scheduled for an interview, candidates must submit updated documents and forms to Immigration Quebec personnel, along with any other additional documentation that may support their application. Lawyer works closely with the client to ensure revised documentation accurately reflects his or her current financial situation. The lawyer will also personally prepare a client for their interview, which includes an extensive one on one coaching session. If necessary, a qualified interpreter will be present to assist with this interview preparation. Please note: in certain situations, the personal interview may be waived by immigration authorities in which case the client will receive an official interview waiver notice.
Step 9: Upon the completion of a successful personal interview, Quebec investment immigration staff will approve client in principle and send them detailed wire transfer instructions.
Step 10: Client has a maximum of 110 days to successfully send funds of CDN $800,000. Clients financing the investment through an authorized financial intermediary of the Quebec Investor Program must wire transfer the up-front loan cost of approximately $220,000 within this timeframe.
Step 11: Upon receipt of the full $800 thousand investment, business immigration officers will issue a “Quebec Selection Certificate” or “Certificate de Selection du Quebec”, which is commonly referred to as a CSQ. The issuance of a CSQ signifies the applicant’s approval at the provincial level, and his or her file is then handed over to the Centralized Intake Office (CIO) of Citizenship and Immigration Canada to be processed at the federal level. Federal processing fees are due at this time.
Step 12: Once Canadian visa authorities have assessed the investor application, medical instructions are issued to the client. If applicable, client, as well as their accompanying family members, must undergo a medical examination performed by an Immigration, Refugees and Citizenship Canada (IRCC) approved physician.
Step 13: Once the results of the medical exam are received by business immigration officials, successful applicants and their families are fully approved for Canadian investor visas. At this time, a formal request for the passport of each person included under the investor application is given to issue the visa. The Right of Permanent Resident Fee (RPRF) is now due.
Step 14: A Canada business visa for investors is issued to the primary applicant and each accompanying family member. The investment visa will contain an expiry date, which is the last day a person can use it to gain entry to Canada for permanent immigration. After arriving in the country, Canadian investor visa holders will receive a permanent residence card (Canada PR Card) which can be used to leave and re-enter the country at will.
| Criteria | Requirement |
|---|---|
| Minimum Net Worth | At least CAD 2,000,000 in legitimately gained total assets, alone or with the assistance of their life partner or customary law accomplice if going with the candidate. Resources, for example, property, financial balances, annuity assets, stocks and offers might be incorporated. |
| Business or Management Experience | At least two years of the board understanding through the span of five years before the accommodation of the competitor's application. The experience is more likely than not been obtained in a particular venture (rural, business, modern), or a legislature or global office, and a position characterized as full-time. The organization does not need to be productive. If the administration experience is asserted as an expert, the organization must have something like two full-time representatives (barring the applicant). The hopeful can be resigned at the season of the accommodation of the application as long as he/she can exhibit an ongoing administration experience of two years inside the five past years.The competitor must almost certainly show the arranging, supervision and control of money related assets AND HR OR material assets, under his/her power. Experience gained with regards to an apprenticeship, preparing or specialization process bore witness to by a confirmation can't be incorporated. |
| Investment | Consent to contribute the entirety of CAD 1,200,000 through an affirmed monetary middle person (this speculation can be financed). |