Update: 4th September 2014
Quebec has announced new rules regarding applications for a Certificat de sélection du Québec submitted under the province’s Investor Program. The announcement was made by the provincial government’s immigration ministry on August 27 in a Gazette Officielle du Québec.
The adoption of the new rules came into immediate effect and will last until March 31, 2015. The intake dates for applications submitted under the Investor Program are from January 5 to 30, 2015. Applicants therefore have time to prepare applications before submission.
A maximum of 1750 applications for a selection certificate under the Investor Program will be accepted, of which there will be a maximum of 1200 from candidates from the People’s Republic of China (including Hong Kong and Macao). Investor candidates who demonstrate, by means of a test recognized by the Ministry, that they have an advanced intermediate knowledge of French are not subject to this cap. By limiting the number of applications received, the Ministry expects that it will be able to process a greater number of pending applications, thereby reducing processing times.
Applicants under the Quebec Investor Program must have the intention of living in the province of Quebec. Additionally, the applicant must demonstrate a net worth of at least CAD$1.6 million and agree to invest CAD$800,000. He or she must also have two years of management experience (planning, supervision and control of the financial and the human or physical resources) over the course of five years prior to the submission of the application, and pass a medical examination and security background check.
To be eligible for this program, you must:
Have, alone or with his accompanying spouse, including de facto spouse, net assets of at least $1,600,000 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 $800,000 CAN with a financial intermediary (broker or trust company) authorized to participate in the Investor Program.