The Quebec Immigrant Investor Program (QIIP) is the only program in Canada that grants Canadian permanent residency through passive investment.
Montreal, Quebec — A government decree published on October 30, 2019, announced the suspension of the Quebec Immigrant Investor Program (QIIP) inits current form, as of November 1, 2019. Although the decree specifies a moratorium until July 1, 2020, it is not clear if the program will reopen, and under what conditions.
Applications submitted within the 2019 intake will not be affected but applicants will be required to obtain the newly launched attestation of learning of ‘democratic values and Quebec values’, expressed by the Charter of human rights and freedoms, which will be put in place starting January 1, 2020.
As one of the longest-running immigrant investor programs in the world, Quebec pioneered a global industry. Residency-and-Citizenship Investment Program shave since become a leading sustainable investment initiative, attracting overUS$ 20 billion a year in foreign direct investments for participating countries.Quebec’s IIP served as a model to many of the world’s current investment immigration programs and has generated CA$ 100 million in economic benefits since 2000.
The QIIP has been among the best-ranking programs in the world, offering investors access to top-rated education, reliable health care, unique North American lifestyle with European flair, as well as increased quality of life and global and economic freedom to its investors.
Current investment in Canada is still very much attract interested becauseCanada is always a great power with great quality of life and welfare. ResidentGlobal provides advice on mainstream and legitimate programs from the government, selecting the best and safest programs to ensure the complete success and long-term future for customers.
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