Wednesday 30 September 2015

Quebec Immigrant Investor Program

Canada has held the center stage in the world of immigration in 2015 due to launch of several skilled and business migration programs at federal and provincial levels. These programs have also brought in a great respite for the people world over who spent some nervous anxious moments waiting for Canada to reopen its doors to the migrants.

Not in distant a past, various business migration programs of Canada were quite popular among the business oriented immigration enthusiasts because this country offered one of the best and secure investment options to the Immigrant Investors; they needed to infuse a designated amount of money into securities that were guaranteed by the authorities.

This kind of passive investment programs have always attracted people from different parts of world, however, most of these schemes have ceased to exist after suspension of such schemes at federal level in June 2014. This leaves only the Quebec Immigrant Investor Program in the fray, i.e. only this French speaking province is offering a passive investment scheme to the interested immigrants.

One such edition of Quebec Immigrant Investor initiative was unveiled and thrown open to the migrants by the authorities of the state on August 31, 2015, and would continue to accept applications till January 31, 2016. During this tenure the state authorities are intending to select a total of 1750 applications, which means that the moment the states have accepted this much number of the requests from qualified people, the scheme would be closed with immediate effect.

However, the applicants having advanced – intermediate level skills in French have been kept out of the purview of any number deadline; they can place their requests at any point of time. This scheme is considered to be very attractive for individuals with high net worth; as they are able to secure a permanent entry into the state and the country on the basis of a secure investment.

The interested applicants to be able to secure an entry on the basis of Quebec Immigrant Investor scheme must fulfill certain eligibility parameters categorized under different categories, like net personal asset value – acquired through legal means; suitable management exposure; and investing designated amount into the deemed venue.

The net personal asset value of the individuals applying for this scheme must be able to evidence that they are in possession of the personal asset of value not less than CDN $1.6 million, as well as the sources through which these funds have been accumulated – which off course should be legal.

To substantiate the availability and legality of the investible funds and net asset value, you would need to provide appropriate documentation that may include duly audited financial statements investment brochures and proofs; and real estate ownership documents.

It is also important for intending Immigrant Investors to substantiate the fact that they possess an expansive exposure 2 years – within previous 5 years immediately preceding the date of application – of managing commercial enterprise. The experience may be either accumulated either as the owner of a commercial  concern or as manager at a higher level. 

The people interested in moving to Quebec Through Immigrant Investor Program must plough in funds in tune of CDN $800,000. This scheme is a passive investment scheme that holds the payments made for a period of 5 years after which the funds are returned back to the investing individuals without interest.

The invested funds are channelized to the government approved venues for a period of 5 years which begins from the date of issuance of the nomination certification. The Quebec Immigrant Investor Program allows the investors to get their funds financed through approved.

Resource: http://www.articlesbase.com/immigration-articles/quebec-through-immigrant-investor-program-7328882.html

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