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Quebec Immigrant Investor program

The Quebec Immigrant Investor Program is yet another legal way for the immigrants to enter Quebec. You can also migrate to Canada under this scheme and can avail the benefits available to the PR visa holders of Canada. The selection criteria for this program are long and much detailed. For the convenience of the immigration aspirants, we are providing a summary of the entire procedure.

Net worth of the immigrant

The net worth of the immigrant to be considered under this program is a minimum of 1,600,000 Canadian Dollars. This would be calculated as the lawfully acquired assets by the immigrants and spouse minus the expense of all the liabilities present upon the immigrant. Assets which are acquired in the form of gifts, but prior to 6 months of filing the application, would be counted in the net worth of the applicants and will be considered to fulfill the quota of 1,600,000 Canadian dollars. The current exchange rate of Canadian Dollars with respect to the Indian Rupee would be considered at the time of the filing of application.

Experience in the management of the business

The applicant is also required to have a minimum experience of 2 years in the management in the last 5 years, counted before the date of the application. Experience obtained in either a government agency or any lawful and legal business would be considered under this program. Some of the roles that would be counted under the overall experience include management, planning and holding a control over the material or human resources in the organization. A full time experience is not mandatory for the applicant. Also, the profitability of the business run by him is also not a criterion that would impact his or her chances of making it to the final list. Professionals such as lawyers and doctors are very likely to make it to the list under this program.

As mentioned earlier, the visa for this program can take quite a bit of time. You can expect the final decision about the visa status in about 18 to 30 months. The processing fee charged by the Quebec authorities under this program is 15,000 Canadian dollars for the entire family which includes the applicant, his or her spouse and all the children below 19 years of age.

The interview stage for this program holds the key for the final selection. All the documents need to be properly aligned and verified as asked by the authorities. Any false information can result in you getting banned from the country, which makes this stage all the more critical. Our professionals would help you prepare for this stage by scanning your documents from top to bottom for any discrepancy and ensure that you are well prepared to face all the queries. Also, the applicant needs to sign an agreement with the Quebec authorities and make an investment of 800,000 Canadian dollars which would be returned by the Quebec Government. This interest free investment is for a period of 5 years.