The Quebec Immigrant Investor Program (QIIP) is a Provincial Nominee Program (PNP) run by the province of Quebec in Canada. It is designed to attract wealthy individuals who are willing to invest a significant amount of money in the province and create jobs for Quebec residents. The QIIP is one of the few remaining investor immigration programs in the world, and it allows successful applicants to obtain Canadian permanent residence in exchange for a passive investment.
To be eligible for the QIIP, you must have a net worth of at least CAD 2 million, obtained legally, and be willing to make a passive investment of CAD 1.2 million (CAD 800,000 if the investment is made in the regions of Quebec) with a government-approved financial intermediary for a period of five years, with no guaranteed return of capital.
- A net worth of CAD 2 million or more, legally obtained;
- A minimum of 2 years of business or management experience;
- Intend to settle in the province of Quebec.
- Investment of CAD 1.2 million (CAD 800,000 if the investment is made in the regions of Quebec) with a government-approved financial intermediary for a period of five years, with no guaranteed return of capital.
The process of applying to the QIIP includes first obtaining a certificate of selection from the Quebec government, which is based on an expression of interest submission. After that, the applicant must submit a federal application for permanent residence to the Government of Canada.
The process for applying to the QIIP includes several steps:
- You must submit an Expression of Interest (EOI) through the Arrima portal. It’s an online platform where the Quebec Government selects candidates based on the criteria mentioned above.
- After your EOI is selected, you will be issued a Certificat de sélection du Québec (CSQ) which is a Quebec Selection Certificate.
- With the CSQ, you will then have to submit a Federal application for permanent residence to the Government of Canada.
It’s important to note that the QIIP has a limited number of spots available and the application process is competitive. The criteria and requirements may change over time, so it’s always best to check the official website of the Government of Quebec for the most up-to-date information and requirements for the program.