Update on the Canadian Immigrant Investor Program
Canadian Immigrant Investor Program Closures
As discussed before, the Federal Immigrant Investor Program is currently suspended pending regulatory changes. This means CIC is not accepting any new Investor Immigration Applications for processing at this time.
However, the Quebec Immigrant Investor Program is still open for business! Below are the general criteria for applicants who wish to apply for Investor Immigration under the Quebec Program
Quebec Immigrant Investor Program
Have, alone or with his accompanying spouse, including de facto spouse, net assets of at least $800,000 CAN obtained legally, excluding the amounts received by donation less than six months before the date on which the application was filed.
- Have experience in management in a legal farming, commercial or industrial business, or in a legal professional business where the staff, excluding the investor, occupies at least the equivalent of two full-time jobs, or for an international agency or a government or one of its departments or agencies;
- We define management experience as the exercise, for at least two years in the five years preceding the application for a selection certificate, of duties related to the planning, management and control of financial resources and of human or material resources under your authority; the experience does not include experience acquired in the context of an apprenticeship, training or specialization process attested to by a diploma.
- Intend to settle in Québec and sign an agreement to invest $400,000 CAN (This can be financed usually around $130,000 investment and the rest can be financed) financial institution authorized to participate in the Investors program.
The investor program continues to be a viable option for applicants who meet the above mentioned criteria.
Have a question about the Canadian Immigrant Investor Program or the Quebec Immigrant Investor Program? Contact Niren and Associates immigration law firm.
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About Michael Niren
Michael is a graduate of Osgoode Hall Law School in Toronto. He is a member of the Law Society of Upper Canada, the Canadian Bar Association’s Citizenship and Immigration Section and the Associate Member of the American Bar Association. Read more
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