Quebec Immigrant Investor Program is designed for businessmen, senior executives and government officials etc., who intend to settle in Canada. Quebec, the only majority French speaking province in Canada, has negotiated a special accord with the Federal Government, which allows it to choose its own immigrants. The Federal Government only conducts background, security and medical checks on Quebec-selected immigrants before immigrant visa is issued to the investor and his family.
Application Eligibility Requirement:
Eligible Family Members:
- Legally acquired personal net worth of at least CDN$ 2 million.
- At least two years of senior management experience within the five years preceding the application submission.
- Intend to settle in the province of Quebec.
- Spouse
- Children below the age of 22 years
Investment Requirement:
After application acceptance, applicant will have 2 options as follows; either
After application acceptance, applicant will have 2 options as follows; either
a) Full investment option: make a deposit to Quebec Immigration (MIFI) of CDN$ 1,200,000 for 5 years. This deposit is guaranteed to be returned after 5 years, or
b) Financing option through a Canadian bank: payment of one-time cost of CDN$ 360,000 (subject to prevailing interest rates). This payment is not refundable
b) Financing option through a Canadian bank: payment of one-time cost of CDN$ 360,000 (subject to prevailing interest rates). This payment is not refundable
Citizenship Requirements:
- Permanent resident are required to physically present in Canada for at least 3 years in the last 5 years
- Adults are also required to write a citizenship test and provide proof of adequate English ability
- Children under 18 are usually granted citizenship upon one of their parents becoming a citizen
- Children over 18 must fulfill citizenship requirements
Benefits of QIIP:
- Direct immigration route available to Permanent Residency of Canada from Pakistan
- investor and their families will get a higher standard for living, get world class education with tuition fee reduced as low as to one-fourth as Permanent Residents of Canada in public schools, and advanced health-care facilities covering social insurance plans
- Immigrants and their family members can have international travel mobility after obtaining citizenship