Quebec Immigrant Investor Program

Operated by Leduc International Financial Services Inc.

The Quebec government created in 1986 its Immigrant Investor Program in order to favour the unconditional entry of business people and their families to Quebec as permanent residents. The program provides subsidies to Quebec businesses in the process of realizing admissible projects. Under this program, potential immigrant investors who agree to respect certain requirements and make a passive investment in Quebec will obtain a Quebec Selection Certificate. The program allows immigrant investors and their families to obtain a Canadian permanent resident visa.

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The benefits of a Canadian Permanent Residence status

  • Democratic system
  • Universal Health Care System
  • Education
  • Quality of life
  • Multiculturalism

Admissibility Criteria

The program is meant for immigrant investors who want to settle in the province of Quebec. To qualify, an applicant must:

  • have a net worth of C$2,000,000; Applicants must be able to demonstrate the legal origin and accumulation of the net worth.
  • Education: Applicants must hold a diploma corresponding minimally to a secondary school diploma in Quebec.
  • have at least two (2) years of management experience acquired in the five (5) years preceding the application.
  • Language requirement: Knowledge of spoken French corresponding minimally to level 7 according to the Quebec scale of French proficiency levels.

Program Benefits

Population:
8,485,000 (2019)
Language:
French, English
GDP:
Total (2018) : CAD $365.6 billion
Per capita : CAD $52,384 (2018)

Investment Features

  • Investment: CAD $1,200,000 (Investment of CAD $1,000,000 and financial contribution of CAD $200,000).
  • Financing Option: The financing plan enables immigrant investors, to borrow and therefore invest only a portion of the minimum investment required, while still satisfying all of the program requirements.
  • Interest on the investment: 0%
  • Guarantee: The investment is fully guaranteed by a five (5) year term note payable to the immigrant investor in the amount of C$1,000,000 issued by IQ, which is fully and unconditionally guaranteed by the Government of Quebec.
  • Investment term: IQ Inc. invests the funds at the market interest rate for a five (5) year period, i.e. as stipulated in the Regulation Respecting the Selection of Foreign Nationals. The return on the investment is paid to IQ Inc. which uses it to finance its assistance program for small and medium-sized businesses.
  • Withdrawals: No withdrawals are permitted during the five (5) year period
  • Financial Intermediary: LEDUC INTERNATIONAL FINANCIAL SERVICES INC.
 

Program Steps Overview

  1. Meet with Leduc team for preliminary assessment

  2. Complete and provide Leduc team with following documents

    • Power of Attorney – Mandate
    • Application for a Selection Certificate – Investor and dependants
    • Investment Agreement
    • Narrative Document
    • All supporting documentation required by the Leduc team

  3. Interview with Immigration Officer

    In some cases, the MIFI requests the applicant undergo an interview with immigration officers. In these events, our team offers interview preparation.

  4. Submit application

    Upon being accepted, the applicant will have to make his investment and financial contribution.

  5. Immigrate to Quebec

    • Once the investment is confirmed, the applicant will receive a notice of intention to select. This allows the applicant to apply for a Work Permit.
    • Within two years of receiving the Work Permit, the applicant must stay a minimum of 12 months (6 months may be completed by the spouse).
    • Once the residency requirement is completed, the MIFI will issue the applicant a Certificate of Selection necessary for the Canadian Permanent Residency application.