Note: The government of Quebec has issued a maximum quota of 1,900 applications to be submitted in the period of May 30, 2016, to February 28, 2017. Out of these 1,900 applications, there is a maximum of 1,330 applications coming from the People's Republic of China. This quota applies for candidates who do not possess an intermediate or advanced level of the French language. Candidates who possess such levels are free to submit their application at any time.
Quebec’s Immigrant Investor Program for Assistance to Business was created by the Quebec government in 1986 in order to favour the unconditional entry of businesspeople and their families to Quebec as permanent residents. The program provides subsidies to Quebec businesses in the process of realizing admissible projects. Under this program, potential immigrant investors who agree to respect certain requirements can obtain permanent residents status in Quebec. The program allows immigrant investors and their families to obtain an unconditional Canadian permanent resident visa.
The program is meant for immigrant investors who want to settle in the province of Quebec. To qualify, an applicant must:
- have a net worth of C$1,600,000 obtained legally;
- have at least two (2) years of management experience acquired in the five (5) years preceding the application. This experience does not need to be acquired in a profitable business and/or on a full-time basis;
- management experience acquired in a professional business will be eligible to enable the selection of applicants who practice both management functions and a professional activity. In this case, the professional business should have at least the equivalent of two full-time staff (30 or more hours per week), excluding the immigrant applicant;
- invest in IQ Immigrant Investisseurs Inc. for a period of five (5) years.
Main features of the Quebec Program
|Financing Option:||The financing plan enables immigrant investors, to borrow and therefore invest only a portion of the minimum investment required, while still satisfying all of the program requirements.|
|Interest on the investment:||0%|
|Guarantee:||The investment is fully guaranteed by a five (5)-year term note payable to the immigrant investor in the amount of C$800,000 issued by IQ Immigrants Investisseurs Inc., which is fully and unconditionally guaranteed by the Government of Quebec.|
|Investment term:||IQ Immigrant Investisseurs Inc. invests the funds at the market interest rate for a five (5) -year period, i.e. as stipulated in the Regulation Respecting the Selection of Foreign Nationals. The return on the investment is paid to IQ Immigrants Investisseurs Inc., which uses it to finance its assistance program for small -and medium-sized businesses.|
|Withdrawals:||No withdrawals are permitted during the five (5)-year period|
|Financial Intermediary:||Industrial Alliance Securities Inc|