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Immigrant Investor Program (IIP) for Quebec will reopen for a brief period of time from 08 September 2014 to 17 September 2014 for fixed number of applications. A total of 1,750 worldwide applications with a maximum of 1250 applications for each country will be accepted under this program. It is likely that Chinese will use their maximum slot of 1250, leaving the remaining 500 slots for applications from other nations. Under Quebec’s IIP, investors as well as their families may be qualified to gain the citizenship of Canada. Businesspeople having a net amount of $1.6 million CAD or even greater can establish in Canada by lending an interest free loan of C$800,000 to the government for duration of five years. Quebec’s IIP, which seeks individuals possessing business experience to make an investment in Canada, has been in execution since 1986. Individuals to be qualified under Quebec Investor program have to meet certain eligibility criteria, which includes factors such as assets, business management experience, age and language.

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