Quebec immigrant investor program

Established in 1986, the Quebec Immigrant Investor Program (QIIP) stands as one of Canada's foremost investor immigration initiatives. This program has consistently appealed to high-net-worth individuals seeking to invest in and establish residency in Quebec, thereby contributing to the province's economic development.

The QIIP specifically targets business professionals, executives, and officials, presenting them with an opportunity for immediate permanent residency in Canada. This privilege enables beneficiaries to reside, work, and pursue educational endeavors anywhere in the country. Quebec's distinguished quality of life, educational institutions, healthcare facilities, and multicultural ambiance serve as additional enticements for prospective immigrants.

A noteworthy advantage of the QIIP is its exemption from requiring applicants to be proficient in French, distinguishing it from other Quebec immigration programs. Nonetheless, possessing knowledge of the French language remains a valuable asset, enhancing the prospect of successful integration into the Quebecois community.

Beyond its immigration benefits, the QIIP extends favorable tax considerations to applicants. Quebec provides a range of tax incentives, including reduced tax rates on dividends and capital gains, along with various deductions applicable to personal and corporate income taxes.

Application Eligibility Requirements:

To qualify for the Quebec Immigrant Investor Program (QIIP), applicants must meet specific criteria. This includes possessing a minimum net worth of CAD 2 million, having at least two years of recent business or management experience, and committing to invest CAD 1.2 million in a government-approved project. The invested amount is refundable after a five-year period. Applicants are also required to undergo a medical examination and a criminal background check as integral components of the application process.

Eligible Family Members:

The QIIP extends eligibility to immediate family members, including spouses and children below the age of 22 years.

Investment Requirements:

Upon acceptance of the application, the applicant faces two investment options:

a) Full investment option: Make a deposit of CAD 1,200,000 to Quebec Immigration (MIFI) for a five-year period, with the assurance of a full refund at the end of five years.

b) Financing option through a Canadian bank: Pay a one-time cost of CAD 360,000 (subject to prevailing interest rates). This payment is non-refundable.

Citizenship Requirements:

To maintain permanent residency, individuals are required to physically reside in Canada for a minimum of three years within the past five years. Adults must successfully pass a citizenship test and demonstrate sufficient proficiency in either English or French. Typically, when one parent acquires citizenship, children under 18 become eligible for citizenship as well, while those over 18 must fulfill additional citizenship requirements.

Benefits of QIIP:

1. Direct immigration pathway to Permanent Residency in Canada from Pakistan.

2. Investors and their families enjoy an elevated standard of living, access to world-class education with reduced tuition fees, and advanced healthcare facilities covered by social insurance plans as Permanent Residents of Canada in public schools.

3. Immigrants and their family members gain international travel mobility upon obtaining citizenship.