Immigrant Investor Program Quebec - Business Immigration to Quebec

What are all the payments expected of an applicant?

The Quebec application for Selection Certificate will require an applicant to pay application fee of CDN $3,899 for the main applicant and CDN $152 for each dependent included in the application. The Canadian Federal Authorities will require an application fee of CDN $1,050 for the main applicant, CDN $550 for each dependent above the age of 22 and CDN $150 for each dependent below the age of 22. The full investment amount will be CDN $800,000. The financed investment amount depends on the prime lending rates* in the national banking system. An applicant may also incur miscellaneous expenses related to their application such as translation of documents, traveling expenses to attend interviews as requested by the Immigration Authorities, as well as costs related to medical tests and police clearances.

* Bank of Canada key interest rate.

What documents are required for an application?

Documents will vary for each applicant. Arton Capital will assist you to create a personalized list of documents for your specific application. The principle documents will include: civil status documents, financial documents proving your current net worth as well as past financial or asset documents to prove your acquisition of current assets. Documents proving your management experience might also be requested.

What happens to my investment with Quebec if the Federal government doesn’t approve my application?

Depending on the reason for refusal, an appeal can be made. If the appeal is not successful, the amount invested with Quebec will be returned to the applicant. Arton Capital will not be responsible for any bank charges or currency exchange losses, which may have negatively affected the applicant.

Does everyone have to attend an interview?

Yes, if they are asked to. Both the Quebec and the Canadian Federal Immigration Authorities can request an applicant to attend an interview; they can also chose to waive interviewing an applicant if they are satisfied with the file and the supporting documents submitted. In most cases Quebec will request an interview while the Federal Authorities won’t, but this is on a case-by-case basis and no guarantee can be made.

Will Arton Capital assist me if I am required to attend an interview?

Yes, Arton Capital will provide interview preparation. Also, one of our lawyers will accompany you to your interview.

I inherited CAD 250,000 from my father when he died. Can I include this as my assets?

Yes, if they have been acquired more than 6 months before the application submission. The same rule is applied to gifts and donations.

As part of my application, do I have to submit a business plan?

No, your investment is passive so there is no need to submit a business plan or to start up a business in Canada once you receive your Permanent Residence Visa, unless you want to.

Do I have a choice for what I can invest in?

No, your investment must be a passive investment secured for 5 years with the Government of Canada. Once you arrive in Canada, you are free to purchase property, start up a business or make other kind of investments as you choose. Arton Capital can assist you with investment information based on your specific requirements.

What is the difference between applying as a Federal Investor and a Quebec Investor?

The Quebec Immigrant Investor Program takes into consideration any managerial experience in a government, governmental organization or international organization and therefore may appeal to individuals with a broader spectrum of backgrounds, as the Federal doesn’t. Quebec will also look at a broader range of management duties such as HR, financial and material resources, whereas the Federal program will want to see that an applicant is only managing people. Arton Capital can assist you to ensure you apply under the best category for your circumstances.

Does Canada enforce taxes based on worldwide income and assets or only those in Canada?

Canadian permanent residents and citizens are taxed on their worldwide income, however before immigrating to Canada an applicant can establish a trust which will, if properly structured, exempt them for 5 years on any foreign earned income and capital gains earned from the assets held in this trust. Please contact us for more information related to your own specific needs.

Do you have other questions concerning the Quebec Immigrant Investor Program? Write to us and we will gladly respond to all your enquiries.