Canadian investor scheme to reopen for 10 days

Quebec’s Immigrant Investor Program will soon reopen for a short period of time (from 8th to 17th September 2014) and for a specific number of applications (1,750 worldwide with a maximum of 1250 per country).

It is widely expected that citizens from China will use their cap of 1,250 slots, while leaving 500 slots for applicants from other countries.

Under Quebec’s Immigrant Investor Program (IIP), investors and their family may become eligible for citizenship of Canada. Businessmen with a net worth of $1.6 million CAD or more can establish in Canada by loaning the government an interest-free loan of C$800,000 for a period of five years.

According to Patrice Brunet, a Quebec lawyer based in Dubai, Founder & Owner of NEXT Group, the government has recently announced that the programme will be changed significantly in 2015, with higher financial thresholds.

The Quebec Program, which is administered and guaranteed by the government of Quebec, one of Canada’s largest provinces, has been in operation since 1986. It is one of the oldest and the most reputable immigration through investment program in the world.

The program is seeking individuals with business experience, who are willing to make a passive investment in Canada.

To qualify under the Quebec Investor program, applicants must be able to demonstrate and fulfil the following criteria:

•Personal assets worth at least $1,600,000 CAD.

•At least two years of business management experience within the preceding 5 years from the date the application is filed.

Language and age are not factors that have an influence over the selection process. If the applicant can demonstrate that it meets the aforementioned criteria, their application will be analysed by an Immigration Quebec officer and a positive answer should result.

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