Canada Investment Immigration Programme
Canada offers the most entrenched and the most widely used immigration schemes in the world. Business immigration to the destination consists of the Quebec Investor Programme, Quebec Entrepreneur Programme, several Provincial Entrepreneur Programmes, the Federal and Quebec Self-Employed Programmes, and the Federal Start-Up Visa Programme. In this article we will meticulously discuss about the Quebec Investor Programme, with a step-by-step process to the pathway of Permanent Residency (PR).
Following the winding-up of the Canada Investment Immigration Programme in June 2014, the Quebec Investor Programme is now the sole option for the business migrants and their families with a high net worth who are intending to obtain PR in the nation, on the basis of a passive investment.
In order to make the cut under it, the foreign investors must have a legally obtained net worth, which can be acquired alone or with the help of spouse/common-law partner of minimum 1.6 million Canadian Dollars (or its equivalent in a foreign currency).
Assets such as real estate, bank accounts, stocks and bonds, pension funds, and shares can be included while calculating the net worth. For people who have inherited assets are classified as legally acquired, however, donation or inheritance money must have been received at least six months prior to launching a QIIP application.
Applicants must also establish that their net worth was legally obtained. This takes into account the individual’s past employment income, business, local market conditions, etc. While it is understandable that it is difficult to produce the detailed documentation of the early stages of a candidate’s career, however, clear supporting documents will facilitate the application process.
The applicants are also required to sign an agreement stating their intention to make a government guaranteed investment of 800,000 Canadian Dollars in the province, through an approved financial intermediary or by financing that investment themselves. This prescribed investment in a five-year term note is fully guaranteed by the government, and the money is returned in full after five years with 0% interest.
While applying for the QIIP, all immediate members of the applicant’s family including spouse and dependent children, are included in the application, and have the same status as the candidate.
Here are some further requirements you need to be met with in order to apply for this programme!
- The QIIP requires applicants to have obtained at least two years of full time management experience in the past five years.
- The qualifying business management experience must include some portion of the management, planning, supervision and control of both the financial side and human or physical/material resources side of the enterprise or organization (agricultural, commercial, or industrial, OR management experience in a governmental or international organization).
- The applicants must go through a successful examination and security background check.
- Factors such as age, education, adaptability, language proficiency of the candidate are also taken under consideration.
Although we’ve covered all the grounds of the QIIP, we would still advise you to seek a skilled Canada immigration lawyer with extensive experience preparing QIIP applications, to ensure a smooth process of immigration.
Do you want to know more about Canada Investment Immigration Programme? contact me at [email protected].