Canada - PR and Citizenship
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Canada

Canada is a top-ranked country globally for quality of life, education, civil liberties, government transparency, and economic freedom. As a G8 and NAFTA member, Canada offers a stable economy, unspoiled environment with strict environmental controls, world-class healthcare, and an excellent education system. Additionally, Canada is known for its cultural, ethnic, and religious tolerance, making it a welcoming destination for immigrants. The Quebec Immigrant Investor Program (QIIP) is a popular choice for investor immigrants, offering a path to permanent residency and citizenship.

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Quebec Immigrant Investor Program (QIIP)

The QIIP was established in 1986 and has undergone significant changes in investment thresholds over the years. In 2024, the program was relaunched with new qualification and investment requirements. The program allows business people and their families to enter the province of Quebec as permanent residents on an unconditional basis, with funding supporting small and medium businesses in Quebec.

Eligibility Criteria

To qualify for the QIIP, applicants must:

  • Show Level 7 French language proficiency (intermediate).
  • Demonstrate business experience.
  • Have a net worth of at least CA$2 million.
  • Provide documents supporting the source and origin of invested funds.
  • Settle in the province of Quebec.

Investment Requirements

The investment requirements for the QIIP include a non-refundable financial contribution of CA$200,000 to Investissement Québec – Immigrants Investisseurs Inc. and a five-year interest-free investment of CA$1 million, guaranteed by the Government of Quebec. Investors can choose to deposit the full amount or finance it through a chartered Canadian bank.

Permanent Residence and Citizenship

After making the investment, investors and their families will receive a work permit to Quebec and can apply for permanent residence across Canada after one year. To maintain permanent resident status, physical presence for two out of five years (or 730 days) in Canada is required.After three years (or 1,095 days) of permanent residence in Canada within a five-year period, successful applicants can apply for citizenship. The Canadian passport provides visa-free or visa-on-arrival access to over 180 destinations worldwide.

Simplified Investment Options for Quebec Residency (2024 Update)

The Quebec Immigrant Investor Program (QIIP) offers two clear-cut investment options to qualify for Canadian permanent residency:

  1. Guaranteed Investment (CA$1,200,000)
  • Make a one-time non-refundable contribution of CA$200,000 to Investissement Québec.
  • Invest an additional CA$1,000,000 in a government-guaranteed investment for five years.
  • Receive your full CA$1,000,000 investment back at the end of the term, with no interest earned.
  1. Financed Investment (Reduced upfront cost)
  • Contribute the same CA$200,000 non-refundable donation to Investissement Québec.
  • Pay a reduced amount to secure a CA$1,000,000 closed 62-month term loan from a chartered Canadian bank.
  • The program facilitates the loan setup and repayment, requiring no further cost or guarantees from you.

Key Points:

  • Both options total CA$1,200,000 for program eligibility.
  • The financed option allows for a lower upfront investment.
  • No business management experience is required under either option.

Canadian Citizenship Pathway

After meeting residency requirements (typically 3 out of 4 years), you and your family can apply for Canadian citizenship, provided you meet additional criteria like language proficiency and knowledge of Canada.

Disclaimer: This information is for general guidance only and does not constitute legal advice. Please consult with a qualified immigration professional for personalized guidance on your eligibility and the application process.

Why Choose Canada?

  • Stable Economy: Canada is a member of the G8 and NAFTA, ensuring a stable economic environment.
  • Unspoiled Environment: Canada has strict environmental controls, maintaining its natural beauty.
  • World-Class Healthcare: Canada’s healthcare system is one of the best in the world.
  • Excellent Education: Canada’s education system is highly respected globally.
  • Cultural Diversity: Canada is known for its cultural, ethnic, and religious tolerance.
  • High Quality of Life: Canada is considered one of the safest countries to live in, offering a high quality of life.
  • Valued Passport: Canada’s passport provides visa-free or visa-on-arrival access to over 180 destinations worldwide.

Benefits

    • Fast and straightforward procedure with applications processed within 4-12 months.
    • Residency cards are renewed every 5 years for the lifetime of the main applicant and their parents, provided they maintain a property with a minimum sales value as per the investment thresholds.
    • No obligation to reside in the country.
    • Children up to 21 years old and parents of the spouse can participate in the Program.
    • Holders of the residence permit have access to public education (schools, universities) at the same terms as those for Greek nationals.
    • Visa-free access to over 172 countries, including Schengen countries.
    • Right to enter and reside in Greece even in case of closed borders.
    • Greece has been ranked as one of the top destinations for both tourism and investment, offering a unique blend of lifestyle and economic opportunities.
how can we help you?

Contact us at the Consulting WP office nearest to you or submit a business inquiry online.

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CEO, Travel Industry

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HR Director , Hospitality Industry

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