Quebec Immigrant Investor Program – Requirements, Criteria and Latest Updates
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Are you a business owner who wants to start a company with the help of a Business Investor visa in Quebec? Then it’s vital to note that Quebec’s immigration officials have officially halted the admission of new applications until 2023.
What is the Quebec Immigrant Investor Program?
The Quebec Immigrant Investor Program is a sort of business investment program in which investors are not needed to engage actively in the operation of the firm. They must, however, invest around 1.2 million Canadian dollars. Apart from that, investors must aim to settle in the Quebec province.
What are the requirements for the Quebec Immigrant Investor Program?
The requirement for this program is comparatively simpler than the rest of the program. You must have a net worth of 2,000,000 Canadian dollars to be eligible for the program, and this does not include any money received in the form of contributions. Besides that, you must have at least two years of managerial experience within the last five years before applying. Duties relating to the planning, management, and control of financial, human, or material resources under your jurisdiction must be included in this experience. This excludes experience gained through an apprenticeship, training, or specialty that leads to a diploma. In addition, you must make a 1,200,000 Canadian dollars five-year term investment with Investissement Québec – Immigrants Investisseurs Inc. Lastly, you are also required to obtain CSQ (Quebec Certificate of Selection).
Criteria on which each application is assessed
|Age of the person plays a crucial role in determining the selection of applicants||10|
|French/English language skills||22|
|Experience in managing the business||10|
|Family ties in Quebec||8|
In order to qualify for this program, applicants are expected to score a minimum of 40 points out of 94 points.
Latest updates on Quebec Immigrant Investor Program
The number of applications for the Quebec Immigrant Investor Program has surged since authorities have permanently stopped the Canada Immigrant Investor Program. As a result, Quebec’s immigration officials have temporarily halted new application intake until 2023.
Despite the fact that the program has been formally paused until 2023, according to a March 31 notice, Quebec officials stress that this is only an administrative step and that fresh applications will be accepted before the end of the year. Moreover, it is envisaged that those applying under this program in Quebec would be given higher priority. Talks are going on for the authorities to include a temporary status in place of permanent residence in Canada and allow those individuals to stay in Quebec while they wait for their PR.
Frequently Asked Questions
What are various ways to immigrate to Quebec?
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Is Quebec an ideal place to relocate?
Can I immigrate to Quebec through the PNP program?