THE QUEBEC IMMIGRANT INVESTOR PROGRAM (QIIP)
NOTE: Quebec immigration has temporarily suspended the intake of permanent selection applications for this program until April 1, 2021.
The Quebec Investor Visa program is one of the most popular investment visa immigration categories in Canada. It allows qualified immigrant investors an opportunity to obtain a Canada Immigration which is a permanent resident visa, leading to Citizenship and passport. This program is available to business people and managers holding a citizenship from any country.
Eligibility Criteria
In order to qualify under the Quebec Investor Visa Program, a candidate must meet the below mentioned eligibility criteria:
- The candidate (and spouse) must hold a minimum of CAD 2 Million in total net asset
- The candidate must possess two years of suitable managerial or business experience within the last five years prior to filing the application
- The candidate must make a passive investment of CAD 1.2 Million with the Canadian and Quebec Governments for a period of 5 years bearing no interest.
- The candidate must prove his/her intentions of settling in the province.
Application Procedure – Quebec Investor Visa
All the applications under Quebec Investor Visa program are first submitted to the Quebec immigration authorities. Once approved at the provincial level, the application must be submitted to Canadian immigration authorities for processing at the federal level.
Step 1: The application is received by the Quebec Immigration Visa Office
An application must have the following documents:
- Correctly completed and duly signed application form
- An identity and civil status documents
- Documents demonstrating the applicant’s net worth
- Documents supporting educational qualifications
- Documents demonstrating business qualifications and experience
- Police clearance certificates.
Once completed, the application file is placed in the processing queue and an acknowledgement of receipt is sent to the applicant.
Step 2 – Application assessment by Quebec Immigration Visa Officer
The completed applications received are carefully assessed by a Quebec Immigration Visa Officer to ensure that the applicant meets the net worth requirements and that it was obtained through legal means. An applicant’s business experience and other related qualifications are also reviewed.
Step 3 – Schedule Personal Interview or waived
Once an application meets the standards for immigration under the Quebec Investor Visa category, the applicant is called for a personal interview with an Immigration Officer.
At the time of the interview, the applicant must submit updated forms and documents and any additional documents to support the application within ten working days of receiving an interview appointment. Applicants must carry original documents previously submitted to immigration authorities as copies.
Step 4 – Make a wire transfer
Post a successful interview with the Immigration Officer (or an interview waiver notice), the applicant will be instructed to make a wire transfer of a requisite amount to Quebec immigration authorities. Once the amount is received, applicant is issued the Quebec Selection Certificate (Certificat de Sélection du Québéc).
Step 5 – Submission of application to the Canadian Immigration Visa Office
After receiving the CSQ, the applicant must submit his/her application to the federal authorities within a period of one year. The application file must include the issued CSQ, identity and civil status documents, federal government processing fees and police clearance certificates. Incomplete applications are subject to rejection and are duly returned back to the applicant.
Step 6 – Medical Instructions
Once the applications are assessed by the Canadian Immigration Visa Office, medical instructions are sent to the applicants. The applicant and his/her accompanying family members (if applicable) must undergo a medical examination by a CIC approved doctor.
Step 7 – Request for passport and the Right of Permanent Residence fee
Upon submission of medical results to the Canadian Immigration Visa Office, applicants will be requested to pay the Right of Permanent Resident Fee (RPRF) and present their passport for the purpose of issuing a Canada Immigration (Permanent Resident) Visa.