Quebec Immigrant Investor Program

Tuesday, 15 April 2014 | Views: 7158

Quebec Investor Immigration

The Quebec investor program is very attractive because, unlike most other business immigration programs, you do not have to start or mange a business in Canada. This morning, by way of Ministerial Decree, Quebec’s Minister of Immigration, Diversity and Inclusion announced that the Quebec Immigrant Investor Program will reopen from May 30 2016 to February 28 2017. The Minister announced an increase of the maximum number of applications to 1,900 applications, including a maximum of 1,330 which can be received from Chinese passport holders (including passport holders from Hong Kong and Macao).

The Quebec investor program is fast, and a lawyer can attend the immigration interview with you. After Quebec approves you, the Federal government simply performs a security and medical check. Although Quebec investors must declare their “intention” to live in Quebec, there is no requirement to live in Quebec (Canadian Permanent Residents can live anywhere in Canada).

Time is of essence

We understand that putting together a high-quality file takes time, therefore we strongly recommend you begin this process as soon as possible in order to meet the submission deadline in February 28 2017.

The upcoming QIIP submission period will have the following criteria:

  • The Government processing fee will continue to be $15,000 until December 31 2016. Any applications received in 2017 may be subject to an increase in this fee;
  • The 800,000 CND$ investment and the 1,600,000 CND$ net worth requirements remain the same;
  • The list of documents and application forms published in November 2015 are the ones to be used;
  • The financing option offered by MBC is at 220,000 CND$; The investment is made only after you are approved by Quebec;
  • All applications must be submitted to Quebec Immigration in Montreal. The office in Hong Kong will not be accepting applications;
  • Any applicants who demonstrate an intermediate ability in French, can submit their application at any time until March 31, 2017 and will receive priority processing.

Investment Options: $220,000 Payment or $800,000 Investment

Although Investors have the option of investing C$800,000 in a Quebec fund (which is returned after 5 years without interest), most investors choose the non-refundable $220,000 payment option. We work with a bank that will effectively loan you $800,000 which is then paid to the government investment fund on your behalf (and then the funds are repaid to the bank after 5 years). The $220,000 you pay covers all the financing, interest, and administrative fees so that you do not have to pay any additional fees. This option is attractive because you do not have to dispose of assets to fund the $800,000 investment and can keep $600,000 in your hands that you can control and invest (and possibly attain higher returns).

Example: Financial investment returns on an investment of $600,000 for 5 years (based on a 10% annual return

Year..............Investment..............Return..............Growth..............Total

  1. ..............600,000....................10%...............60,000............660,000
  2. ..............660,000....................10%...............66,000............726,000
  3. ..............726,000....................10%...............72,600............798,000
  4. ..............798,000....................10%...............79,800............878,400
  5. ..............878,400....................10%...............87,840............966,240

Next Steps

We encourage you to contact us as soon as possible at info@iccrcmember.com in order to coordinate application preparation and submission for this new Quebec Immigrant Investor Program submission. MBC will also be visiting different locations around the world to meet with clients and help them introduce the program and provide feedback on applications as needed.

Should you have any questions about the QIIP do not hesitate to contact us.

DISCLAIMER:

The content of this article is intended to provide a general guide to the subject matter and does not constitute legal advice. Immigration rules are constantly evolving and we do our best to keep you informed. MBC specialist advice should be sought regarding your specific circumstances. Email your comments or questions to info@iccrcmember.com

Back to list

Knowledge base categories