Immigration authorities in the Province of Quebec announced they will begin accepting new applications under its highly successful Quebec Immigrant Investor Program for a limited period beginning May 30th 2016 and ending February 28th 2017.
This comes as welcome news for high net worth individuals looking for an attractive passive investment program offering Canadian permanent residence. The Quebec program (QIIP) is the only large scale passive investment program of its kind in Canada and the second largest in North America after the US EB-5.
Under the new subscription period, Quebec will accept a maximum of 1900 applications including a maximum of 1330 from China, Hong Kong and Macao and the balance of 570 applications to be filled from elsewhere.
During the new subscription period, Quebec will also accept 50 applications under its Entrepreneur program and 50 applications from Self-Employed individuals.
The QIIP 2016 program application quotas and the limited period of reception do not apply to applicants to the investor category who can demonstrate an intermediate to advanced level of French language proficiency through an approved standardized language test.
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The content of this article reflects the personal insight of Attorney Colin Singer and needs no disclaimer
