The Quebec Immigrant Investor Program (QIIP), a famous immigration program from Canada that enables an aspiring immigrant to become permanent resident of Canada by making a risk-free investment of CAD $800,000 will open up again within the next two months.
The QIIP is one of the most famous investor immigration programs across the globe and is the only passive investor immigration program. This program provides a number of benefits over other investor immigration program available in Canada.
For instance, there is no conditional or probationary stage, and an applicant is able to obtain Canadian permanent residency visa provided the application is submitted in the right manner. The QIIP investor immigration program is a lot different from the EB-5 immigration program run by United States.
In the latter program an applicant has to show that a minimum of 10 jobs have been created in the last two years. There is no such requirement in the QIIP.
Second important point is that, the investment of CAD $800,000 is made an approved financial intermediary. This investment can be either arranged through a financial intermediary or can be paid by the applicant. There is an assurance that the investment will be returned in full after the completion of five years from a government of Quebec entity.
Third important benefit is that the primary applicant can also include the immediate members such as dependent children below 19 years of age, common-law partner or spouse. These family members also have the opportunity to become permanent resident of Canada.
Once the application has been approved , the primary applicants and his or her family members can enjoy various social benefits including free public education, universal health care and access to world-class universities.
In the last but not the least, it is worth noting here that QIIP will give you a chance not only to become the permanent resident of Canada, but will also make you eligible to apply for citizenship for Canada and you will soon be an owner of Canadian passport.
According to the current rules, a permanent resident is required to have only four years of residency in Canada within a period of six years to become the citizen of Canada. It is expected that this requirement will be reduced to three years out of five by the federal government.
For complete details on how you can apply for QIIP and for best guidance in immigration take consultation from world renowned immigration consultant WWICS.