Quebec Immigrant Investor Program (QIIP)
Quebec, a primary administrative division of Canada, is the largest province in terms of land area, covering 1.67 million square kilometers as of 2021. With a population of 8.5 million people, over 80% of its residents are of French descent, making it a hub of French culture in North America. French is the official language of Quebec.
Situated in southeastern Canada, Quebec borders Hudson Bay to the north, Labrador and the Gulf of Saint Lawrence to the east, the United States to the south, and Ontario and James Bay to the west. It serves as a key transportation hub in eastern Canada and North America. Quebec City is the provincial capital, while Montreal is the largest city.
Program Highlights:
Canada’s last remaining investment immigration program allows applicants to fulfill their investment obligation without the requirement to establish or operate a business in Quebec. The investment is made only after successfully passing an interview and is guaranteed by the Canadian government. The investment amount is fully refunded after five years, making this a low-risk category for business immigration.
Program Requirements:
- A net worth of at least CAD 2 million, with a legal explanation of the source of funds.
- At least 2 years of business management experience in the past 5 years.
- French language proficiency at CLB 7 and a high school diploma.
- Resided in Quebec for more than 6 months.
- Upon application approval, investment options are: a) CAD 1 million (fully refunded) or b) CAD 200,000 (non-refundable).
- In good health with no criminal record.
