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If settling in Quebec is what you wish for, you must know about Quebec Immigrant Investor Program 2023.
Quebec happens to be among the prominent provinces in Canada. With a booming economy and sound infrastructure, a lot of investors are considering Quebec for diverse reasons. It has the second-largest population among the provinces and boasts plenty of natural resources, a mild climate, dense forest coverage, and four unique seasons.
Quebec’s official languages include French and English, and its primary industries are agriculture, manufacturing, and mining. Compared to Hong Kong and other provinces in the country, Quebec has a lower cost of living.
Introduced in 1986, the Quebec Immigrant Investor Program (QIIP) is a way for successful business individuals who intend to reside in Quebec. Also, this program allows them to secure permanent residence in exchange to make an investment with the Canadian province.
Interest, which is generated from these funds, is used to support Quebec’s economy. This is done by funding programs that target small- to medium-sized enterprises, and the incorporation of new immigrants and visible minorities.
Candidates for Quebec Immigrant Investor Program are assessed based on the factors mentioned below:
QIIP is for experienced investors with significant assets as well as personal net worth, which they are looking to invest in the Quebec province. The applicant is required to have the wish to settle in this French-speaking province.
The chosen candidates apply for the Certificat de selection du Quebec (CSQ – Québec selection). And the accepted certificate enables them to apply for Canadian permanent residency. After getting acceptance, the candidate has to submit approval from the Federal Immigration Authorities of Canada for health and criminality examinations.
The immigrant investors who are selected in QIIP get Canadian permanent residency. It is a great advantage as the applicants and their families can reap the benefits from free healthcare, education, and several other benefits that permanent residents enjoy.
The candidate with “advanced intermediate” ability in French will not be subject to the cap.
Quebec Immigrant Investor Program offers investment with no risks. The Government of Quebec guarantees the investment. The amount of investment is low compared to other investment programs and returns after 5 years.
Quebec Immigrant Investor Program or QIIP does not apply prerequisites for PR i.e. creating employment. Your QIIP selection will result in your permanent residency.
Here is a list of reasons why choosing QIIP (Quebec Immigrant Investor Program) is your best bet:
To qualify for the Quebec Investor Program, applicants are required to meet the following basic requirements. An investor should:
Quebec Immigrant Investor Program does not have a language requirement. If the candidate is not able to meet other requirements like age or education, they may possibly take the IELTS test for adding points to their application. Applicants who possess intermediate-level French (541 or above in the TEF exam) can be accelerated in the review process. They will not be limited by the normal processing time or quotas.
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