Canada’s constitutional laws feature a dual immigration system. Historically, both the Federal government and that of the province of Quebec operated their own passive business investment programs. Following the winding up of the Federal program in June 2014, the Quebec Investor program remains the sole option for business immigrants with a high net worth wishing to secure permanent residence on the basis of a passive investment.
The primary requirements to qualify under the Quebec Immigrant Investor program are:
- Have a legally acquired personal net worth of $1.6 million CAD;
- Possess two years of suitable management or business experience within the five years preceding the application;
- Commit to making an investment of $800,000 CAD into a passive government guaranteed investment for a period of five years bearing no interest;
- Intend to settle in the province of Quebec.
The Quebec Investor program is passive in nature, meaning that individuals selected under its auspices are not required to establish or actively manage a business in the province. Rather, the program requires an investment of $800,000 CAD into a prescribed (government guaranteed) investment. Applicants must have the intention of settling in the French speaking province of Quebec. Successful applicants are issued a selection certificate from Quebec, which allows them to obtain Canadian permanent residence following health and criminality examinations by Federal immigration authorities. Contact Mahandru Associates for a free assessment.