Quebec Immigrant Investor Program QIIP (Intake Paused Until April 1, 2023)
The QIIP allows investors to obtain Canadian permanent residence by investing CAD $1.2 million risk-free through an approved financial intermediary or by financing that investment.
Since 2014, it has been the only passive investor immigration program offered in Canada. The Quebec Immigrant Investor Program is passive in nature, meaning individuals are not required to establish or actively manage a business in the province.
The QIIP is on hold since Fall 2019. It had initially been put on hold until July 2020, but the moratorium was later extended until April 2023. Two primary considerations triggered the first pause:
- the first was a significant backlog of applications, and
- the second was concerns about how many QIIP residents might leave Quebec for other provinces.
Eligibilities
Criteria | Requirement |
Minimum Net Worth | A minimum of CAD $2,000,000 in legally acquired net worth, alone or with the help of their spouse or common-law partner if accompanying the applicant. Assets such as property, bank accounts, pension funds, stocks and shares may be included. |
Settlement | Intend to settle in the province of Quebec. |
Business or Management Experience | A minimum of two years of management experience over the course of five years prior to the submission of the candidate’s application. The experience must have been acquired in a specific enterprise (agricultural, commercial, industrial), or in a government or international agency, and in a position defined as full-time. The company does not necessarily have to be profitable. If the management experience is claimed as a professional, the company must have at least two full-time employees (excluding the candidate). The candidate can be retired at the time of the submission of the application as long as he/she can demonstrate a recent management experience of two years within the five past years.The candidate must be able to demonstrate the planning, supervision and control of financial resources AND human resources OR material resources, under his/her authority. Experience acquired in the context of an apprenticeship, training or specialization process attested to by a diploma cannot be included. |
Investment | Agreement to invest the sum of CAD $1,200,000 through an approved financial intermediary (this investment can be financed) for a period of 5 years |
Selection points | Your application is reviewed according to the program’s selection conditions, including the program’s selection grid This hyperlink will open in a new window.. You are awarded points for each of the factors and criteria on the grid. You must score at least 40 out of 89 points on the grid to meet the cut-off for factors and criteria that have an elimination threshold. |