Quebec Immigration Investment Program

The program is passive in nature, which means that participants are not obligated to start or run a venture in the region.

Rather, the program demands a $1.2 million investment in a pre-determined (government-backed) venture. In addition, applicants must intend to settle in Quebec, which is a French-speaking province.

Following health and criminality checks by Federal immigration officials, successful candidates are awarded a selection certificate from Quebec for Canadian immigration, allowing them to gain permanent residency in Canada.

Baseline Requirements for Eligibility

• The total net worth of a married couple must be at least CAD$2,000,000.
• A one-time payment of $355,000 - or a five-year payment of $1,200,000 - is required.
• You must have previous management experience.
• It's critical to keep track of your tax and asset records.

Pros

• Permanent residency upon arrival.
• IELTS/TEF is not required.
• There is no need for a business strategy or a purchase;
• There is no upper age limit (recommended below 65).
• There are no requirements for post-secondary education.
• Applicants who speak French will be given priority and have fewer criteria.
• There is no consultation cost; just a retainer deposit is required.
• Applicants who speak French as their first language are given priority in the program and pay lesser costs.

Cons

• It requires a high net worth and investment.
• Non-French speaking candidates face long processing timeframes of 4-4.5 years.
• There is a maximum number of candidates approved per country/region (non-French speaking applicants).
• The region with the highest government application cost out of all the provinces.
• Deadlines for the intake period (typically once a year).