Immigration Investor Program in Quebec Suspended Until July 2020

The Quebec Immigrant Investor Program that allows investors to obtain the Canadian permanent residency with a $1.2 million investment has been suspended by the government of Quebec until the 1st of July 2020.

The Quebec Immigrant Investor Program is going to be suspended until November 1, 2019, which falls on a Friday.

According to Simon Jolin-Barrette, the Immigration Minister of Quebec, said there are 20,000 applications that are still pending under the Immigrant Investor Program.

Minister Jolin-Barrette said the amount of suspension time will be used to take a closer look at the program.

The Quebec Immigrant Investor Program has caused a lot of controversy in Canada as critics believe the program allows rich people from different countries to effectively purchase a Canadian Permanent Residence status or citizenship.

Supporters of the Quebec Immigrant Investor The program said the program helps fund programs that are important in the region.

This is not the first time a similar program has been suspended or canceled in Canada.

In 2014, the Government of Canada canceled a similar program and said investors were not maintaining good ties in Canada and we're paying lower taxes.

The Immigrant Investor Program of Quebec requires people from different countries to invest $1.2 Million. The money is returned by the government after 5 years, interest-free.

In order to become eligible in the Immigrant Investor Program, investors were required to have at least $2 Million in legally acquired net worth and were required to have a minimum of two years of management experience within the past five years, amongst any things in the criteria that were set by the government of Quebec.

Good News!

After canceling the Quebec Immigrant Investor The program, Quebec announced new quotas for their self-employed worker and entrepreneur programs for those who did not have a high level of French. To know more about this, contact SSSS Immigration, we are the best CalgaryImmigration Office.

Quebec is going to accept 25 applications under Stream 1 of this Entrepreneur Program and 35 from 

Stream 2.

The applications are going to be accepted between November 1, 2019, and September 30, 2020.

Stream 1 is a pathway for individuals who score more than 41 on the Quebec Economic Class Selection Grid. After getting accepted, those individuals will settle and operate a company that the entrepreneur creates.

Stream 1 is a pathway for individuals who are required to score 81 on the Quebec Economic Class Selection Grid and are required to have a net worth of at least $900,000.

The Self-Employed Worker Program of Quebec is also going to accept 50 applications from November 1, 2019, to September 30, 2020.

The Self-Employed Worker Program is a program for individuals who have a net worth of $100,000 and are willing to work in Quebec. Under this program, applicants are also required to deposit $50,000 if they want to be based in Montreal and $25,000 if they want to be based in other parts of Quebec, Canada.

To know more about these changes, call SSSSImmigration, we offer Free Assessment in Canada PR!