Quebec Investor Program Accepts Record Number of New Immigrants

The Quebec Immigrant Investor Program (QIIP) accepted a record number of applicants last year and officials expect to at least match the number in 2016.

Just over 5,000 investors were given permanent residency through the program in 2016, beating the previous high of 4,436 in 2012. In 2014, 3,669 immigrants were accepted.

Projections suggest 2016 will also see more than 5,000 candidates awarded permanent residency, with 89 per cent of those coming from Asia.

QIIP Requirements

• Legally acquired personal net worth of $1.6 million.
• Two years of suitable management or business experience within the five years preceding the application.
• Make investment of $800,000 for a period of five years bearing no interest. Money invested is returned at the end of the period.