This program is passive in nature as an applicant don’t have to engage in an active business in quebec. Moreover, it is for the investors willing to immigrate to Quebec.
Eligibility criteria for the QIIP:
- intention of settling in french-speaking province of quebec
- proof of legally obtained net assets of minimum CAD$2 million , alone or with accompanying spouse . Amounts otained in donations should be 6 months prior to application.
- Minimum 2 years of management experience out of 5 years before submitting the application . The work experience should be in industrial or commercial business , legal farming or for a government agency or an international agency or one of its department or agencies or in legal professional business where the staff excluding the business occupies at least two full-time jobs
- For a period of 5 years invest CAD $ 1.2 million through financial intermediary that is authorized to participate in the investor program . the investment can be financed by trust companies or brokers.
The 5 year period starts after the insurance of the selection certificate , before the applicant has even landed in canada. Earning from these invesyments are used to fund and support multiple social programs and businesses within quebec.
Moreover , financing options are available on this program as the applicant can finance a major part of their investment through the designated investment banks and brokerage firms. once the applicant submits the down payment , the financing firm’s balances up the CAD $1.2 million . the applicant then submits the amount to the investment Quebec. A positive response will result in selection of the candidate.