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CANADA

CANADA INVESTOR VISA

The Quebec Immigrant Investor Program (QIIP) is Canada's only passive investor immigration program, and is one of the most popular investor immigration programs globally, offering a number of advantages over investor immigration programs in other jurisdictions.

Canadian permanent residency brings several benefits to the visa holders, i.e. enjoy the vibrant lifestyle, advanced infrastructure, several social security benefits (i.e. free or subsidized healthcare and education, etc.), live in culturally diverse and tolerant society, etc.

Requirements

Minimum net worth

    Applicants must have acquired a minimum CAD $2 million in net worth by legitimate means, alone or with a spouse or partner. Assets such as property, bank accounts, pension funds, stocks and shares may be included.

Minimum investment

    Applicants must intend to settle in Quebec and sign an investment agreement agreeing to invest CAD $1.2 million via an approved financial intermediary. Applicants must sign an investment agreement with one of the financial intermediaries — a broker or trust company — authorized to participate in the program. The investment can be financed by a financial intermediary.

Two years of management experience

    Applicants must have acquired a minimum of two years' management experience in the past five years. The experience is not limited to commercial activities, but can also be with an international agency or government department.

Benefits of QIIP

No Conditional Period

    There is no probationary or conditional stage, and a successful application leads to a Canadian permanent resident visa. This marks the QIIP as quite different to the EB-5 program in the United States, where applicants must prove that they created 10 jobs or more within two years. The QIIP has no such provision.

Permanent Residency for family members

    Immediate members of the primary applicant's family (spouse or common-law partner and dependent children under the age of 19) may be included in the application, and these family members also obtain Canadian permanent residence. Successful applicants and their families may enjoy the benefits of permanent resident status, including universal health care, free public education, and access to world-class universities.

Finance through recognized financial intermediary

    The investment of CAD $1.2 million is submitted through an approved financial intermediary. This investment can be paid by the applicant or arranged through a financial intermediary financing option. The investment is guaranteed by a government of Quebec entity and returned in full after five years.

Route to Canadian Citizenship

    The QIIP is a route not only to the Canadian permanent resident status but also to Canadian citizenship and the right to a Canadian passport. Currently, Canada's citizenship naturalization criteria require only four years of residency in Canada within six years, and the current federal government aims to reduce this requirement to three years of residency out of five.

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