QUEBEC IMMIGRANT INVESTOR PROGRAM

QUEBEC, A PIONEER OF BUSINESS IMMIGRATION

 

Quebec is the largest province of Canada sharing borders with Ontario to the West, the Maritimes provinces to the East, the United States of America to the South and the Nunavut territory to the North. With a population of 8,500,000, Quebec is the second most populous Canadian province.

Quebec is a dynamic, modern and welcoming society, with an highly skilled labour force and diversified economy fully integrated to the North American transportation network. With several airports, roads, railways, maritime routes and state-of-the-art telecommunication system, settling in Quebec become an idea stepping stone to enter the continental market.

Quebec is an ideal immigration destination due to:

  • – Free health care
  • – Free education
  • – Free French courses for immigrant.

Since 1986, the Quebec government has been offering a path to permanent residency status for high net worth managers willing to settle in Quebec: the Quebec Immigrant Investor Program.

ELIGIBILITY CRITERIA

  • Net worth of $2,000,000 CAD acquired legally
  • 2 years of management experience over the past 5 years
  • Intention to settle in Quebec
  • Investment of $1,200,000 CAD
  • Proficiency in French reaching level 7 or higher (intermediate)
  • Having passed and received an attestation of learning about the democratic values and Québec

INVESTMENT REQUIREMENTS

Applicants need to make a term deposit of a duration of 5 years in the amount of $1,000,000 and a non-refundable financial contribution of $200,000 through a participating financial intermediary

RESIDENCY REQUIREMENTS

After being approved and completing the requested investment, the applicants will receive a notice of intent to select.  This notice will enable the applicant and his accompanying family members to apply for a work permit for a mandatory stay in Québec.  During a period of two years, the applicant must complete a stay of at least 12 months in Québec, including the possibility to have up to six months completed by the spouse.

POPULATION (2021)

Quebec: 8,501,833 (2021)

Canada: 36,991,981 (2021)

MAIN CITIES

Montreal: 1,762,949 (2021)

Quebec City (capital): 549,459 (2021)

 

MAIN INDUSTRIES

Aerospace, Manufacturing, Biotechnology, Information Technologies and Multimedia, Energy, Natural Resources, Agricultures

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FREQUENTLY ASKED QUESTIONS

To qualify to the Quebec Immigrant Investor Program, the applicant must:

1. Own a minimum net worth of $2,000,000 CAD obtained legally, alone or with your accompanying spouse.
2. Have at least two (2) years of management experience.
3. Intend to settle in Quebec.
4. Sign an agreement to invest $1,200,000 with a financial intermediary authorized by the Quebec government. A financing option can also be offered in form of a one-off payment covering the financing cost and other fees.
5. Successfully pass a medical exam and criminal check.

Applicants must have at least two years of management experience. This experience must have been acquired within five years preceding the submission of an application.  Applicants are expected to establish having control over the financial, human, and material resources of a company.

This experience cannot have been acquired in the companies operating in the industry of payday loans, cashing cheques, pledges loans or withing the sex industry.

Applicants must hold a diploma corresponding minimally to a secondary school diploma. They must also have French language knowledge corresponding minimally to level 7 according to the  Échelle québécoise des niveaux de compétence en français (PDF 4.94 Mb) (Québec scale of French proficiency levels). The language test must be less than two years old at the time of submission of the application.

The language test must be less than two years old at the time of submission of the application.

The immigrant investor can apply with his spouse and dependent children under the age of 22 years old.

There is an exception for a child of 22 years and older depending substantially on the financial support of the parent since before the age of 22 and being unable to be financially self-supporting due to a physical or mental condition.

The age of the dependent child is locked-in at the date of receipt of the application by the Quebec government (OP 1, 5.24).

While the federal government will usually focus on admissibility considerations (such as security background and medical condition), it has the competence to review every program eligibility conditions until the applicant’s landing in Canada.

One of the most important conditions of the program is for the applicant to settle himself and his family in the province of Quebec after the granting of the permanent residency status.

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As early of 1986, Mr. François Mandeville, founder and managing partner of Mandeville & Associates, has been assisting business persons to migrate through the residency-by-investment programs. Mandeville & Associates has grown into becoming a leading actor of this industry with an impeccable reputation.