The Quebec Immigrant Investor Program (QIIP) is the only business immigration program in Canada that does not require the applicant to establish/buy a business, employ Canadians, or invest their money at risk. It is the only passive investment business immigration program in the country.
To be eligible, the applicant must
- have 2 years of management experience, earned in the 5 years prior to the submission of the application,
- have a legally accumulated net worth of CAD$2,000,000,
- have completed studies equivalent to secondary education in Quebec,
- demonstrate that he/she can speak French at an intermediate level (B2, Level 7),
- provide attestation of learning of democratic and Québec values
- within 120 days of their approval, make a CAD$200,000 contribution to the Government, and a CAD$1,000,000 fully guaranteed five-year investment in a government bond (financing available),
- receive a 3-year work permit and within 2 years of the issuance of that work permit, meet the 12-month residency requirement – 6 months by the principal applicant and another 6 months by either the principal applicant or spouse.