The Quebec Immigrant Investor Program will reopen from Sep 10th for 1,900 applications. It is a growing program, and also the only Provincial Immigration Stream, which permits the candidates to get the P.R, by using passive investment. The candidates must invest, in the Quebec province for five years. On the other hand, there are many provinces in Canada, which have Streams of Entrepreneurial Immigration that have a norm of applicants actively operating a business.
Moreover, owing to all these factors, the quotas for the Q.I.I.P fill up in a quick manner. There will be 1,330 requests, from China, including the areas of Macau and Hong Kong during the intake, which will remain open till March 15th, 2019.
Variations in the Criteria
The opening on September 10th will be the first, after carrying out the program changes, concerning the eligibility criteria, of August 2nd.
These modifications were about raising high net asset to CAD 2 million, and investment benchmark of CAD 1.2 million. The new requirements related to net assets of CAD 1.6 million and an investment of CAD 800,000. The investment must hold a validity of five years, with a subsidiary of Investment Quebec. Moreover, the Investment Agreement should be made by a financial intermediary, which has the authorization of participation in the Program.
The invested amount of CAD 1.2 million, has the filling and the guarantee, of the Government of Quebec. Moreover, it will be replaced totally, after finishing five years.
The eligibility criteria are Completing 18 years of age, Having expertise in management, An aim to live in the province of Quebec, Getting a passing score in the point system.
The other business immigration programs
that include are open to allowing new applications are Quebec Entrepreneur Program
and Self-Employed Worker Program.
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