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Quebec Investor Program Re-opens with New Criteria

After being closed for several years, the Quebec Investor Program has re-opened to intake effective January 01, 2024. The program has implemented new eligibility criteria. As of this time, no quota on the number of applications to be accepted has been announced.

The updated criteria for the Quebec Investor Program in 2024 is as follows:

  1. Investment: the applicant must enter into an investment agreement with a financial intermediary that has signed a participation agreement with the Ministère de l’Immigration, de la Francisation et de l’Intégration and IQ Immigrants investisseurs Inc. The financial intermediary must make a five-year term investment of CAD $1,000,000.00, as well as a financial commitment of CAD $200,000.00 to Investissement Québec – Immigrants Investisseurs Inc. The investment is guaranteed by the Government of Quebec. At the end of the five-year term, the financial intermediary will reimburse the investment, without interest, within 30 days.
  2. Management Experience: the applicant must have at least two years of management experience, within the five years preceding the submission of the application.
  3. Net Worth: the applicant must have a net worth of at minimum CAD $2,000,000.00
  4. Education: the applicant must have at minimum education equivalent to a Quebec secondary school diploma.
  5. French Language proficiency: the applicant must demonstrate at minimum a benchmark Level 7 proficiency in spoken French. Applicants are required to write a French proficiency test.
  6. Residence in Quebec: If the applicant meets the above conditions, the province will issue a Notice of intention to Select from Quebec. The Notice of Intention to Select allows the applicant to apply for a work permit. Applicants must apply for a work permit within six months of receipt of the Notice of Intention. Within two years following the date of issuance of the work permit, the applicant must reside in Quebec for at least twelve months.

Once the twelve-month stay is completed, the province will issue a Certificat de sélection du Québec (CSQ). On receipt of the CSQ, the applicant can apply to the Canadian federal government for their permanent residence.

As with Quebec’s other economic immigration streams, applicants under the investor program are also now required to obtain an attestation of learning about democratic values and Quebec values.