QUEBEC, CANADA

Residency & Citizenship by Investment

Looking for a steadily top-rated country ranked among the best in the world in terms of quality of life, education, civil liberties, government transparency and economic freedom? Canada is not only a stable contender in all those categories, it is also diverse and rich in society, history and nature. For many it is the country that for years shaped the immigrant investor map.

WHY CHOOSE CANADA?

Canada is one of the most popular destinations for investor immigrants wishing to relocate. It consistently ranks high on major comparative surveys of industrialized nations. Other of the country’s key benefits include the following:

  • G8 and NAFTA member.
  • Unspoiled environment with strict environmental controls.
  • World-class health care system, one of the best in the world.
  • Excellent education system, one of the most respected in the world.
  • Cultural, ethnic and religious tolerance entrenched in the Constitution.
  • One of the safest countries to live in, offering a high quality of life.
  • One of the most valued passports for international travel.

QUALIFICATIONS

The Quebec Immigrant Investor Program was established in 1986. Throughout its history, the program has undergone significant changes in investment thresholds, transitioning from CA$400,000 to CA$800,000 and eventually to CA$1.2 million. In 2024 it was relaunched with new qualification and investment requirements. The program is designed to allow business people and their families to enter the province of Quebec as permanent residents on an unconditional basis. In return, funding made available through the program helps provide subsidies in support of small and medium businesses in Quebec. The program has undergone significant transformation in the past couple of years, addressing the application process.

To qualify for residency or citizenship, applicants must fulfill the investment requirements below in addition to meeting the following criteria:

  • Show Level 7 French language proficiency (intermediate).
  • Demonstrate business experience.
  • Have a net worth of at least CA$2 million.
  • Provide documents supporting the source and origin of invested funds.
  • Settle in the province of Quebec.

INVESTMENT REQUIREMENTS

As of January 2024, the financial contribution required to quality for the Quebec Immigrant Investor Program has been split into two parts – a donation and a term investment, totalling CA$ 1,200,000.

DONATION

Investors are now required to make a non-refundable financial contribution of CA$ 200,000 to Investissement Québec – Immigrants Investisseurs Inc.

INVESTMENT

There are different ways to make the required investment in order to qualify for the Quebec Immigrant Investor Program. Investors can either deposit the full amount (Full Investment), or Finance the required amount (Financed Investment) from a chartered Canadian bank.

Full Investment

Applicants choosing this option must invest CA$1,000,000 in a government-guaranteed investment and hold it for a period of five years. At the end of this period, the guaranteed full amount is returned to the investor without accrued interest. The program provides for full investment or financing through authorized financial institutions. Arton Investments is such a financial institution duly recognized by the Ministère de l’Immigration, de la Francisation et de l’Intégration (MIFI) and Investissement Quebec (IQ). Additionally, investors will also need to make a mandatory non-refundable donation of CA$200,000 to Investissement Quebec.

Financed Investment

Under this option investors pay a reduced amount that is used to finance a CA$1,000,000 closed 62-month term loan from a chartered bank. This loan is initiated and repaid at no further cost and without additional guarantees from the applicant.

CITIZENSHIP REQUIREMENTS

Investors and their family members who have lived in Canada for three out of the four years (1,095 days) preceding the application, have adequate knowledge of English and/or French, have no criminal record, and have acquired knowledge of the rights and responsibilities of citizenship, as well as an understanding of Canada’s history, values, institutions and symbols are eligible to apply for citizenship.

HOW LONG DOES IT TAKE TO GET A CANADIAN CITIZENSHIP?

To be eligible to become a Canadian citizen, you must be a permanent resident and have lived in Canada for 3 out of the last 5 years (1,095 days). The average processing time for citizenship applications is between 8-12 months.

DOES CANADA ALLOW DUAL CITIZENSHIP?

Yes, dual citizenship in Canada is legal. But you may want to verify if your current citizenship allows it as well.

WHO IS ELIGIBLE FOR THE QUEBEC IMMIGRANT INVESTOR PROGRAM?

To be eligible, an applicant must have net assets of at least CAD$2,000,000, arrange a five-year term investment of CAD$1,000,000 and make a donation of CA$200,000.

CAN I APPLY TO THE QIIP DIRECTLY WITHOUT AN AGENT?

No Quebec does not accept applications directly. All applications must go through authorized agents such as Arton Capital.

WHICH OTHER CANADIAN IMMIGRATION OPTIONS EXIST FOR INVESTORS?

The Quebec Immigrant Investor Program is currently the only passive investment immigration program in Canada specifically designed for foreign investors.

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Updated yearly, the Arton Index is an overall assessment and comparative benchmark of the country and its investment program.


Quebec, Canada

35,362,905

Population Growth: 0.74%

46,200 USD

GDP (per capita)

GDP (purchasing power parity)

1.674 trillion USD

172

Visa free countries


LOCATION

Northern North America, bordering the North Atlantic Ocean on the east, North Pacific Ocean on the west, and the Arctic Ocean on the north, north of the conterminous US

CAPITAL

Ottawa

DIFFERENCE

UTC-5

TOTAL AREA

9,984,670 sq. km.

AGE DEMOGRAPHICS

0-14: 15.44%, 15-24: 12.12%, 25-54: 40.32%, 55-64: 13.94%, 65+: 18.18%

LANGUAGE

English (official): 58.7%, French (official): 22%, Punjabi: 1.4%, Italian: 1.3%, Spanish: 1.3%, German: 1.3%, Cantonese: 1.2%, Tagalog: 1.2%, Arabic: 1.1%, Other: 10.5%

RELIGIONS

Catholic: 39% (includes Roman Catholic: 38.8%, Other Catholic: 0.2%), Protestant: 20.3% (includes United Church: 6.1%, Anglican: 5%, Baptist: 1.9%, Lutheran: 1.5%, Pentecostal: 1.5%, Presbyterian: 1.4%, Other Protestant: 2.9%), Orthodox: 1.6%, Other Christian: 6.3%, Muslim: 3.2%, Hindu: 1.5%, Sikh: 1.4%, Buddhist: 1.1%, Jewish: 1%, Other: 0.6%, None: 23.9%

GOVERNMENT TYPE

Federal parliamentary democracy (Parliament of Canada) under a constitutional monarchy and Commonwealth realm

CURRENCY

Canadian dollar (CAD)

EXCHANGE RATE

1 USD = 1.331 CAD (2014)

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