Most ambitious foreign investors are always on the lookout for the right place to invest their hard-earned money, and these days, for them the French Province of Quebec is just perfect to make an investment–all thanks to the Quebec Immigrant Investor Visa and growing economy which lure 10s of 1000s of foreign investors every year.
The category makes a way for those who wish to become the Permanent Residents of the province by simply making an investment, but does not actually wish to actively involve themselves into day-to-day business or management activities.
Those who are eager to invest in the province must know that the Quebec Government has declared a cap for the period May 30 2016 to February 28 2017 which is limited to 1900 only. Out of the total number, 1330 applications will be accepted from Hong Kong, Macao and China even while the rest 570 applications will be accepted from elsewhere. It means the seats are very limited, and before it gets too late, applicants must take an initiative to process their application.
Candidates fluent in French are exempted from the cap which means they enjoy the liberty of submitting their petition any time. As the Federal Programme came to an end in 2014, the Investor Visa is the only option for investors with a high net willing to obtain Permanent Residency (PR) through passive investment.
Now let’s have a brief understanding of the category and throw some light on the basic requirements that need to be fulfilled by the applicants!
To qualify, applicants must have a net worth of at least CAD $1.6 million which must be acquired/possessed through legal means. Secondly, the primary applicant must have at least two years of business or management experience within the last five years from the date of submitting the application.
Further, the applicant must agree to make an investment of at least CAD$800,000 into the province’s government guaranteed investment, for a fixed period of at least five years, at zero interest rate, and finally agree to permanently settle in the province. At the end of the five years, the net worth will be returned to the applicant. The invested amount will be used to fund various social and business programmes within the province’s territory.
The category is passive in nature which means applicants are not required to actively manage/run a business within the province. Instead they have to invest in the province. Selected aspirants will be issued a selection certificate from Quebec Government. It will fast process their application and will allow them to apply for the province’s PR, but before that, candidates have to prove that they do not possess any health issue or hold a criminal background.
Before it gets too late, investors would do well to consult an immigration expert who will make your immigration journey smooth, and will actively guide you as to how to make an investment and apply for the province’s PR.