Quebec offers a distinctive immigration investor program that acts as a pathway to procure Canadian permanent residency. The businessmen and investors looking forward to investing in an alternate business in Quebec can choose the Quebec Investor stream to have residency status. Canada welcomes business, investor, high worth, and senior management executive individuals to apply for immigrant investor visas under various entrepreneur and investor visa sub-categories
The Quebec Investor Program candidates are awarded points on various factors under the Quebec Economic Class selection grid such as age, education, experience, language proficiency, or amount of investment. The minimum passing score is 40 points. The maximum points available for applicants are 94. If the candidates get successfully approved and assessed, they are invited for an Interview.
The time taken to process a Quebec Investor application principally depends on the number of investor applications in a candidate's geographical pool.
Provincial processing time: It generally takes anywhere between 9-12 months before receiving a Quebec Selection Certificate.
Federal processing time: Once the candidate receives QSC, it approximately takes 3-4 years for the application to be processed by Citizenship and Immigration Canada (CIC).
Step 1: Gather all necessary supporting documents
Relevant documents like that of educational qualification, business management experience, assessed and certified net worth, police clearance certificates, and other identity proofs should be provided by the applicant at the time of preparing for the submission of the application.
Step 2: Submit the full application form
The candidate must now submit all the necessary documents and a signed application to Immigration Quebec for processing. Along with the form, an application fee of $15,000 CAD is to be paid at this point. Any incomplete form is returned and the adequate applications are lined in the queue. The fully completed and submitted applications receive an Acknowledgement of Receipt through official QIIP.
Step 3: Prepare for the Interview
The applicants who meet all the required selection criteria shall be intimated for a scheduled interview with a Quebec immigration officer. It is a critical stage of the entire process, hence a reputed immigration consultant should be at your guidance disposal. The personal interview may be waived off by the immigration authorities in case the applicant receives an official waiver notice.
Step 4: Funds Transfer
Once the interview is successfully conducted, the Quebec immigration authorities shall send a detailed wire transfer instruction. The applicant then must send a fund transfer of $850,000 CAD. The funds should be transferred within 110 days of receiving transfer instructions. The candidates who are to finance the investment through a financial intermediary must transfer the loan cost of $220,000.
Step 5: Get assessed and receive the Quebec Selection Certificate
The candidate then receives a "Quebec Selection Certificate'' (QSC). This implies that the applicant is approved at the provincial level. The application is then transferred to the Centralized Intake Office (CIO) and is processed at the federal level. A federal processing fee is to be paid at this stage. The assessed investor applicants are now required to undergo a medical examination along with their dependent family members.
Step 6: Apply for a Canadian PR
The candidate and their family receive an Investor visa that contains an expiration date which is used to arrive in Canada. After arrival in Canada, the Investor Visa holders receive a Permanent Residence Card that ensures the cardholders leave and re-enter Canada at their will.
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