Many countries will have immigration schemes specially designed to attract financially successful individuals, whom are believed to make a substantial contribution to the local economy. One of the best investment immigration schemes in Canada is the Québec Immigrant Investor Program (QIIP), which is open to, among others, Hong Kong citizens wishing to establish a presence in the country.
– Overview and advantages
The Québec Immigrant Investor Program (QIIP) is designed to attract high net worth individuals whom are presumed to contribute to Québec’s economic development.
The QIIP program is one of the most popular and sought-after Québec investment immigration programs. When selected, a candidate and their family will be eligible for permanent residency. Following three years since arrival, a candidate may then apply for a full Canadian citizenship.
A candidate must demonstrate a personal net worth of at least CAD $1,600,000, obtained through lawful means. Assets belonging to the candidate’s accompanying spouse can also be considered, whereby these assets include:
The accompanying spouse must have at least two years’ management experience obtained within the five years prior to the application submission;
The accompanying spouse must commit to making the required investment (see the ‘Investment’ section below);
The accompanying spouse must have proof of no criminal convictions.
The Québec investment immigration program requires the applicant to make an investment of CAD $800,000 guaranteed by the government. This amount will be fully reimbursed after five years.
Financing options are available, speak to your Québec immigration lawyer to find out more.
– The Application Process
– Preparation of the documentation, and submission of the file;
– File processing by the Government. After their analysis, different scenarios may arise:
– Immediate decision regarding the application;
– Submission of specific additional documents for further processing;
– Or, the candidate may even be called for an immigration interview regarding their case.
– Once the applicant has been accepted, there will be a window of 110 days in which the investment must be made.
For further enquiries about the Québec investment immigration scheme or to receive a free assessment, please feel free to contact us today at our Hong Kong office on +852 2169 0388 or fill out an online enquiry form below.