Quebec offers a unique path for wealthier business immigrants with a high personal net worth looking to make a significant investment. This is a viable option for foreign business owners who may not want to actively manage a business.
Requirements:
- $1,200,000 investment (with $1 million return after 5 years)
- Investment agreement with an approved financial intermediary
- Two or more years of management experience (excluding adult entertainment and payday lending)
- Minimum net worth of $2,000,000 CAD (individual or shared with partner)
- High school diploma
- French proficiency (minimum level 7 on the Quebec scale)
Application Process:
Step 1: Complete the Values Attestation
- You’ll receive a request to complete an attestation acknowledging Quebec’s democratic and societal values
- Complete this within 60 days
- Your spouse (16+) and dependent children (18+) must also complete this
Step 2: Make Your Investment and Contribution
- Within 120 days of the Ministère’s request:
- Your financial intermediary must invest $1,000,000 CAD (government-guaranteed) for 5 years
- Contribute an additional $200,000 CAD to Investissement Québec Immigrants Investisseurs inc.
- After 5 years, your $1,000,000 will be returned (without interest) within 30 days.
Step 3: Receive Your Notice of Intent to Select
- Once your investment and contribution are confirmed, you’ll receive this notice
- This allows you and your family to apply for work permits
Step 4: Apply for a Work Permit
- Submit your application within 6 months of receiving the notice
Step 5: Establish Quebec Residency
- Within 2 years of obtaining your work permit, complete a 12-month stay in Quebec
- At least 6 months must be completed by you personally
- Your spouse/partner can complete the remaining 6 months
Step 6: Document Your Residency
- After completing your 12-month stay, mail documentation to the Ministère proving your time in Quebec
- And voila! You can have your Canadian permanent residency.