Invest Your Money Fruitfully, Use Quebec Immigrant Investor Programme!

Ambitious investors always wish to invest in a country where they can get good returns on their money. Looking at the present economic scenario, Canada looks just perfect for the purpose. As per some reports, a large number of investors are making the nation their second home, all thanks to its thriving economy and easy immigration procedure.

But, if we narrow down on one particular Canadian province that is extremely popular among foreign investors, than certainly it is the French Speaking province, Quebec. Economically, it is a strong province. In fact, you will be surprised to know that Quebec has the 37^th largest economy in the world. It represents approximately 20% of the country’s entire GDP.

Province’s Profile

Located in Eastern Canada, Quebec is the only province that is dominated by French Speaking population. Hence, French is its official language. Quebec City and Montreal are its two most popular cities. Here, people are lively, warm, and romantic. If you visit the nation, you may visit many of its exotic locations. Cuisine of the region is just excellent and the ambiance is extremely peaceful, and you instantly will fall in love with the place.

If you are an investor and are searching for a right place to invest, then your search ends here. You may easily process your visa application under Quebec Immigrant Investor Programmes, but before you that let’s have a brief look on the same!

What is Quebec Immigrant Investor Programme (QIIP)?

While majority of the Canadian provinces/territories have rushed to join the ‘Express Entry’ system, an unprecedented act of the Immigration, Refugees and Citizenship Canada (IRCC), Quebec has decided to keep itself away from it. The province has its own immigration programmes, and the QIIP is a brain child of Quebec government, introduced to draw investors, entrepreneurs and self-employed people.

It provides an easy opportunity to become the province’s permanent resident. It means you will automatically become the permanent resident of Canada.

QIIP Requirements

Citizens of any country may apply for the Programme, provided they successfully meet the following eligibility criteria:

At the time of submitting the application, the applicant must have at least CAD$1.6 million (legally acquired/obtained) and he must have an experience of at least two years in the preceding three years as a business manager, entrepreneur, or he must have run his own business.

He must give a commitment to make a passive investment of not less than CAD$800,000 for the fixed period of five years at zero interest rate, and most importantly, he must intend to permanently settle in the province.

Is there a cap?

Yes, under the Programme, only limited number of applications is accepted. For the period 2015-2016, the Quebec government has fixed the intake number to 1750 only. However, if you have advanced knowledge of French language, you can enjoy additional advantage. You may submit your petition any time throughout the year. Not just that, your application will also be fast-tracked.

Summary: Quebec Immigrant Investor Programme best suits those who have the net worth of CAD$800,000. The programme gives an easy opportunity to become the permanent resident of the province.