Quebec’s popular Immigrant Investor Program reopens September 10Posted By Webmaster XIPHIAS On 06-Sep-2018 11:15:37 AM
Next week’s opening will be the first since modifications to the program’s eligibility criteria took effect on August 2.
The main modifications include higher net asset and investment requirements, which have been raised to CAD $2 million and CAD $1.2 million, respectively.
The previous requirements were net assets of CAD $1.6 million and an investment of CAD $800,000.
The investment must be for a five-year term with a subsidiary of Investissement Quebec and the investment agreement must be made through a financial intermediary authorized to participate in the QIIP.
The investment of CAD $1.2 million is guaranteed by the Quebec government and will be returned in full after five years.
Other eligibility requirements include being over 18 years of age, having management experience, intending to settle in the province of Quebec and obtaining a passing score under Quebec’s points system.