The Province of Québec, Canada
Permanent Residence by Investment
The Québec Immigrant Investor Program is currently suspended for Review by the provincial Government.
Fondly known as the beautiful province, or, “La belle province”, Québec is Canada’s largest province and is home to a truly unique population and culture. The province has a predominantly French-speaking population and is often recognized as the Europe of North America, with diverse landscapes and architecture influenced by the French, English and Acadian trends. Québec is a major participant in several innovatory industries including aerospace, information technologies, software and multimedia, and is a popular business hub for investors.
The Québec Immigrant Investor Program
The Québec Immigrant Investor Program (“QIIP”) is designed to assist business investors and their families in obtaining permanent residence in Canada through investment in the country’s economic development. The government of Québec has established a quota system that restricts the number of applicants that may participate annually in the QIIP, and acceptance of new applications may cease when the Quota has been reached. Francophone applicants can apply at any time and are outside of the quota.
Ways of Acquiring Citizenship
Applicants may make two types of investments to obtain permanent residency. The investment options include the following:
- Investment of CAD $1.2 million in full with Investissement Québec- Immigrants Investisseurs Inc. over a five (5)-year period, with the payment amount being returned to the investor after the initial investment period.
- Payment of a reduced amount (depending on prime lending rates in the national banking system), to be used to finance a CAD $1.2 million five (5)-year term loan from a chartered bank. This amount is not returned to the investor at the end of the initial investment period.
Validity of the Passport
Canadian Permanent Resident Cards are valid for five (5) years and are renewable afterwards, provided that residency and other requirements have been met.
Benefits of Quebec and the Québec Immigrant Investor Program
- Passive investment - not required to open or run a business.
- Investment guaranteed by the Québec government, to be returned in full, without interest, after the five (5)-year investment period (provided that initial investment was not financed).
- Access to one of the highest-ranking education systems in North America with preferential fees for permanent residents.
- Access to universal health care and free public education.
- Diverse and vibrant population and culture.
- Bilingual province- English and French.
- Route to obtaining Canadian citizenship and Canadian passport.
- No language requirement.
Program Requirements
To be eligible to apply, the Principal Applicant must:
- Have lawfully acquired a net-worth of at least CAD $2 million, excluding any amounts received by donation less than six (6) months before applying;
- Have management experience of duties related to the planning, management and control of financial, human or material resources under your authority, for at least two (2) years in the five (5) years preceding the application for a selection certificate;
- Make a five (5)-year term investment of CAD $1.2 million with Investissement Québec- Immigrants Investisserus Inc.;
- Sign an investment agreement with a financial intermediary authorized to participate in the Investor Program;
- Intend to settle in Québec.
Applicants may be required to travel to Quebec for an interview at Investissement Quebec before approval. Pace Global Advantage accompanies Applicants to said interviews.
Applications will be denied on the following grounds:
- Direct or indirect misrepresentation;
- If the Applicant or any of the accompanying family members have a criminal record.
Application Processing Time
Application to the QIIP is a two-step process. The applicant must first apply to the province for a selection certificate and, once approved, must submit an application for permanent residence to the federal government. The current estimated provincial processing time for the selection certificate (step 1) is 18 to 24 months. The current estimated federal processing time for permanent residence (step 2) is 48 months.
International Organization Membership
Canada is a member of the following international organizations:
- The Commonwealth of Nations;
- G7, G8, G10 and G20;
- The Council of Europe;
- The International Monetary Fund;
- The International Organization of the Francophonie;
- The North American Free Trade Agreement;
- The North Atlantic Treaty Organization;
- The United Nations Educational, Scientific and Cultural Organization;
- The United Nations; and
- The World Health Organization.
Population
8.485 million (2019)
GNI per Capita
$35,213 US (2016)
Official Languages
French (Official)
Currency
Canadian Dollars.
1 CAN = 0.76 USD
Capital
Québec City
Temperature
Average all year round of -7°C – 25 °C
Major Religion
Roman Catholic
Government
Constitutional Monarchy