Quebec Immigrant Investor Program
Quebec Immigrant Investor Program
The aim of the Quebec Immigrant Investor Program is to help immigrant investors move to Quebec and start their new life in the province. To be eligible for the Quebec Immigrant Investor Program, the candidates must meet the following requirements:
- possess (alone or with a spouse) net assets of at least 2,000,000 CAD that were legally acquired. Any amounts received by donation less than six months before the application is submitted can not be included;
- demonstrate experience in management for at least two years in the five years preceding the application for selection within the Quebec Immigrant Investor Program. Duties related to the planning, management, and control of financial, human, or material resources under the candidate`s authority can be considered. Experience gained in an apprenticeship, training, or specialization leading to a diploma does not meet the Quebec Immigrant Investor Program requirements;
- confirm their intention to settle in the province of Québec;
- hire a financial intermediary (for example, a broker or trust company), authorized to participate in the Quebec Immigrant Investor Program, and sign an investment agreement;
- investment 1,200,000 CAD with Investissement Québec - Immigrants Investisseurs Inc. for a term of five years;
- receive an attestation of learning about democratic values and the Québec values within the given timeframe of the Quebec Immigrant Investor Program. The members of the candidate`s family, who intend to accompany the candidate, must also obtain this attestation.
It is worth mentioning, that the revenues generated by the applicant’s investment will be used to finance two business assistance programs in Québec: the Business Assistance—Quebec Immigrant Investor Program and the Employment Integration Program for Immigrants and Visible Minorities. The broker or trust company will reimburse the applicant 1,200,000 CAD without interest at the end of the five-year term. They are given 30 days for the procedure to be accomplished. The amount of the reimbursed money may vary if the applicant secured financing for the investment. These are the mandatory requirements of the Quebec Immigrant Investor Program. Other factors, such as the applicant`s age, education, and language skills will also be assessed and can provide additional ranking points.
In the process of submission of the Quebec Immigrant Investor Program application, much attention must be paid to the list of documents required and their format. The candidates must provide each of the supporting documents in a specific format, mentioned in the instruction - either an original, a certified copy, or a photocopy. The required documents and formats are specified on some of the forms that the candidates will have to fill out as part of their application process within the Quebec Immigrant Investor Program. It is very important to provide the documents requested in the required format. If the applicants ignore this norm, the commission will have to reject their application for permanent selection or return their request for a comparative evaluation without processing it. It is worth mentioning, that all copies of documents to be submitted with the application must have a minimum level of resolution to ensure all information on the document is legible, so the best choice is to submit color photocopies.
A recognized authority in the country or territory that issued the original document must certify the copy of the original document requested (every page) before the submission. The list of recognized authorities that are allowed to certify copies of official documents by country and territory is available online. Professional organizations in Québec are not considered to be recognized authorities to certify copies of requested documents. The applicants must also provide certified copies of all electronic documents and all original documents that bear an electronic signature or do not bear an original seal or signature from a recognized authority. The applicants must complete the form that corresponds to the Quebec Immigrant Investor Program category and provide the documents requested in the required format for each person mentioned on their application (including a spouse and accompanying children).
Often the documents the candidate must submit are written in a language other than French or English. In this case, they must provide not only the document in the original language and in the required format but also the original of the complete translation done by a recognized translator. All the elements of the original document must be translated, including seals and signatures. The translated document must also bear the name and seal of the recognized translator. If the applicant provides the document written in English or French but with a seal in another language, it must be translated too. Each translation must be stapled to the document which it translates.
The Quebec Immigrant Investor Program applicants, who plan to have their documents translated outside Canada must remember that only the following translations will be accepted:
- translations made by a translator who is a member of a professional order or is authorized to act as such;
- translations made by a translator from the translation department of the embassy or consulate of the country or territory issuing the original document;
- translations made by a translator from the translation department of the institution that issued the original document;
- translations made by the Ministry of Foreign Affairs or the Ministry of Justice of the country or territory that issued the original document.
The Quebec Immigrant Investor Program applicants can provide translations without the translator’s seal only if they are accompanied by a notarial act. This notarial act must meet the following requirements:
- be written in English or French;
- include the notary’s name, professional seal, signature, and contact information;
- bear the name of the translator who translated these documents;
- be issued in Ukraine, Azerbaijan, Belarus, Georgia, Armenia, Israel, Kazakhstan, Moldova, Russian Federation, Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan.
The Quebec Immigrant Investor Program applicants can have their documents translated in Canada by a translator who is a member of Ordre des traducteurs, terminologues et interprètes agréés du Québec, the Association of Translators and Interpreters of Ontario, the Society of Translators and Interpreters of British Columbia, the Corporation of Translators, Terminologists and Interpreters of New Brunswick, or the translation department of the embassy or consulate of the country or territory issuing the original document of the Quebec Investor Program applicant.
It is worth mentioning, that the Government of the province of Quebec organizes free personalized welcome sessions for immigrant investors. These custom-tailored information sessions provide potential candidates with information on topics that interest them, including the Québec economy, real estate, business opportunities, and the education system of the province. The main task of these sessions is to give answers to all possible questions and make the process of immigration to Quebec smooth and simple.
Regards,
International Experience Club
