QIIP Program
Quebec Immigrant Investor Program (QIIP)
Applications Suspended for QIIP until 2020.
As of October 30, the province has suspended receiving new applications from November 1, 2019, until June 30, 2020.
BUT: It DOES NOT affect applications submitted prior to November 1st, 2019.
Basic requirements in order to qualify as an Investor for QIIP:
1. The net assets: CAD $2 million proven acquired legally;
2. Investment: CAD $1.2 million;
3. 2 years of business management for the last 5 years.
Procedure:
- The investment must be for a 5-year term with a subsidiary of Investissement Quebec.
- The investment agreement must be made through a financial intermediary authorized to participate in the QIIP.
- The new intake period is expected to commence September 10, 2018
We help with:
- File review upon reception of initial applications – Background Due-Diligence;
- Initial Report send to your attention covering Source of Funds and Personal details;
- If the file is deemed complete, attribution of a Unit from the Broker;
- Case filing as the Representative to the QIIP Authority;
- Interview: Preparation for the Applicant/Attendance with the Applicant/In-depth Report;
- Obtaining of the Nomination Certificate;
- Pre-Arrival Tax planning Session with certified Planner/Lawyer;
- Submission of the Federal PR package for Client and Family.
EXAMPLE of The Brokered FINANCING OPTION
Legal fees (QIIP): $50,000 (50% refundable if the case is not filed)
Processing fees (Bank draft to Minister of Finance of Quebec): $15 235
Deposit to the Broker upon case submission (Full refund if not approved): $15 000
Remittance to the Broker upon Approval: $305 000
Legal fees (PR): $15,000 (including Federal Processing fees for up to 4 family members).
Bigger size families processed based on Family composition.
EXAMPLE of SELF-FINANCING OPTION
Legal fees (QIIP): $80,000 (50% refundable if the case is not filed)
Processing fees (Bank draft to Minister of Finance of Quebec): $15 235
Investment Deposit to the QIIP: $1 200 000 (refundable in 5 years)
