By way of Ministerial Decree, Quebec’s Minister of Immigration, Diversity and Inclusion announced that the Quebec Immigrant Investor Program will reopen from September 10 2018 to March 15 2019. The maximum number of applications that can be received during this period is 1,900.
Sherbrooke Street Capital is the leading financial intermediary, and once again because of our success, we expect to manage one of the largest allocations from Quebec Immigration.
Some key points to consider for the next opening:
- In order to qualify for the Program, applicants must have:
o At least two years of management experience during the five years preceding the application;
o A legally-accumulated net worth in excess of CAD$2,000,000; and
o The intention to reside in the Province of Quebec and commit to investing CAD$1,200,000. Financing is available. At current rates, the cost to the client will be $350,000.
- All applications must be submitted to Quebec Immigration in Montreal;
- The Government processing fee will continue to be $15,235 until December 31 2018;
- Any applicants who demonstrate an intermediate ability in French, can submit their application at any time until March 31, 2018 and will receive priority processing.
I know that many of you have already been retained by clients who would like to apply during this upcoming opening. We would encourage you to continue putting those applications together, and to contact us to discuss securing spots in our allocation for your clients.
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