The Canadian Immigration Service says the Quebec Investor Program, which was eligible for permanent residency through investment in Quebec, will be temporarily suspended from November 1, 2019. With the exception of the great deal of the $1.2 million investment in Quebec, immigration is easier than the exacting conditions of any other immigration program.
It has always been a program that many applicants are interested in because they were able to obtain permanent residency.
However, according to the Minister for Immigration in Quebec, more than 20,000 applications for investment in Quebec are still piling up without being processed, so we have announced an end to investment immigration by July 1, 2020.
We have also indicated in advance that the outage period may be shorter or longer if we review it once again within Quebec.
Investing in Quebec, if you invest 1.2 million dollars, you can return it to the government five years later without interest, and you can get a green card by giving up interest for five years.
Investors also needed more than $2 million in net worth and more than two years of management experience. While this investment migration has helped Quebec receive a lot of financial support, it has also been unwelcome to the way it seems to pay for permanent residency and citizenship.
With the suspension of investment immigration to Quebec, Quebec has announced new applications for its business and self-employed programs. Business Min will receive 25 applications, while Ja Young Min will receive 35 more applications.
For your information, there is capacity only for business people in Quebec, and for those who are fluent in French, there is no limit to capacity.
Applicants who were waiting for Quebec investment immigration can either proceed through other immigration methods or prepare to immigrate through business people, a similar investment method. It is very similar to Quebec investment immigration as a way for applicants with business experience to apply for a certain amount of business ownership.
Federal investment was suspended in 2014, followed by a halt to investment in Quebec in 2019. On the other hand, experienced immigrants such as business people, self-employed people, small-town immigrants, RNIPs, AIPPs, or farm workers are on the rise. At the same time, immigration in Canada seems to prefer immigrants who can give Canada real skills or experience over immigration that can work financially.