Canada ~ Quebec Business People Program
Time to Permanent Residency: 0 Year ~ Time to Citizenship: 5 Years
Under the Business People Program, foreign-nationals, together with their dependents, may obtain a permanent residence permit if they make an investment in the State. There are three streams, the Entrepreneur stream, the Self-employed workers stream and the Investor stream. There are a maximum number of applicants received:
The Investor Program will receive 1900 between September 10, 2018 and August 31, 2019
The Entrepreneur Program will receive 60 applicants (25 for Stream 1, 35 for Stream 2) between August 15, 2018 to October 31, 2019.
Investment
Investor Program
To be eligible for the Investor Program and obtain a permanent residency permit, you must intend to settle in Québec and sign an agreement to invest CAD800,000 with a financial intermediary (broker or trust company) authorized to participate in the Program.
The investment of CAD 800,000 must be for a five-year term, and will be guaranteed by the Gouvernement du Québec.
At the end of the five-year term, the broker or trust company will, within 30 days, reimburse you CAD800,000 without interest. However, the amount may vary if you secured financing for the investment.
To keep your permanent residency status, you must physically be in Canada at least 730 days (2 years) in a five-year period. Failure of your business will not affect your permanent resident status.
After 5 years holding the permanent residency status, you will be eligible to apply for citizenship, provided that you have lived 1,095 days in Canada within the five years, and 183 days during each of three calendar years that are fully or partially within the six years right before the date you apply.
To apply for citizenship, you must also have met your personal income tax filing obligations for three years that are fully or partially within the five years right before the date you apply. And you must take a language (French or English) test and pass an exam regarding Canadian values, history, symbols, institutions, rights, responsibilities and privileges of citizenship.
Requirements
– Have, alone or with your spouse, net assets of at least CAD1,600,000 obtained legally.
– Have experience in management in a legal farming, commercial or industrial business, or in a legal professional business where the staff, excluding you, occupies at least the equivalent of two full-time jobs, or for an international agency or a government or one of its departments or agencies.
Documents Required
Certified copy of passport- Evidence of language skills
- Letter of support of designated entity
- Original or Certified copy of Birth Certificate (if applicable)
- Original or Certified copy of Marriage Certificate (if applicable)
- Certified copy of ID Card
- Evidence of Residential Address
- Affidavit of support for Dependents
- Original Police Clearance Certificate
- Two passport-size photos
- Bank Statement
- Original Bank Reference Letter (Not older than 6 month)
- Proof of net wealth
- Statement of Source of Funds
- Evidence of Business Background
- Curriculum Vitae
- Professional and academic certificates
- Medical Certificate
- Investment agreement
