Indian nationals with an intention to live in Quebec and agree to make a passive investment of $1,200,000 can apply for permanent residency under this program.
In this Quebec Immigrant Investor Program, the Indian national needs to invest the amount through an authorized financial institution.
The potential investor and his/her spouse need to possess a minimum of $2 M. This amount of investment excludes any donation amount in the last six months, counting from the application date.
An Indian national mandatorily requires few attributes:
Recently introduced modifications in 2018 require the business persons to make a passive investment into certain approved investment routes.
The applicants in this program only need to make the investment as per above specification; they don’t need to start or continue any business in the province of application.
Quebec grants a successful selection certificate from the provincial government to the chosen applicants.
These applicants are then scheduled to pass the criminal and health checks. After successful clearance of these checks, the Federal Government of Canada grants them the permanent residency of Canada.
The aforesaid investment has to be made with Investissement Québec for five years, post which the capital amount is returned to the investor without any interest. The five year period is to be counted from the date of issuance of the selection certificate.
Connect with Nanda & Associate Lawyers now to understand your options for permanent residency of Canada. We can also assist you for other countries which have a similar investment route to permanent residency. If you are considering to apply for permanent residency in Canada from India, get in touch with us today. Our capable and qualified immigration lawyers will help you navigate the immigration process and achieve the most wanted outcomes for you and your family.
