Business Immigration to Canada – Quebec Reopens its Investor Program on September 10, 2019
On July 18th, 2018 Quebec Immigration announced the reopening of its business programs, all of them revamped.
Changes to the most popular Quebec Investor Program boil down to increased net worth the applicant has to demonstrate: from $1.6 million to $2 million, and increased amount of investment- from $800.000 to $1.2 million, which, in turn, means increased amount of financing offered by the financial intermediaries authorized by the Government of Quebec.
Investment is 100% financed by the approved financial intermediaries – investor makes an upfront payment of interest and keeps the capital for all five years to use it for their own business needs.
Net worth, i.e. assets minus liabilities, include bank accounts, shares, real estate, of both applicant and spouse (if applicable) and must be obtained legally.
Quota still stays at 1900 applications, and as usual, will fill up really fast: despite an increased investment it remains hugely popular because it is the only passive investment program in Canada offering permanent residence to the whole family. Besides, unlike any provincial entrepreneurial program, it requires no knowledge of either French or English.
Two years experience in active management of a business out of the last five before filing the application is the other main qualifying factor – and it hasn’t changed. Qualified managed business has to be legal and have two full-time employees (excluding the investor), or it has to be an international or a governmental agency.
If you are interested in immigrating to Canada as a Quebec investor – we welcome you to contact us for an assessment, and if you qualify we will start preparing your application right away, so we could file it with the financial intermediary immediately when the program re-opens to spare you the payment of so-called “unit reservation fees” in addition to our professional fees.
Need help to come to Canada to work, study or visit, but you aren’t sure what the next step is? We can help you determine your eligibility and put together a compelling submission; we’ll support you through all the steps required to get you through this process. Contact us for more info!