Quebec Immigration Investor Update
November
20, 2008
QUEBEC INVESTOR PROGRAM - EASIER AND FASTER
The Quebec government has made some very important changes to the selection requirements for Investors to Quebec. These changes were just published in November 2008 and will go into effect February 2, 2008.
Highlights of the changes are:
- "Full-time"
management experience no longer required. Management Experience
has been changed. In order to meet the management experience requirements,
a prospective investor need show only 2 years in the last 5 years of
duties related to the planning, management and control of financial
resources and of human or natural resources under the investor's authority.
There is no longer a requirement for "full-time" management
experience. This opens the Quebec Investor Class to professionals who
spent most of their time carrying out their practice but only spent
a portion of their time on management duties.
- Interview
may be waived.It is now possible for the Quebec immigration
officials to process an application without requiring the investor to
attend for an interview. This means that if the application is well
prepared and all of the supporting documents are of good quality and
present, a decision can be made much more quickly without requiring
the investor to attend for an interview. The Quebec immigration officer
may still require an interview if there is reason for it.
- Management
of "profitable" business no longer a requirement.
The type of management experience has also changed. In addition to being
able to qualify with part-time experience, an investor can also now
qualify with experience in a legitimate business, even if it is not
profitable. There is a requirement that the business must have had the
equivalent of at least 2 full-time employees other than the investor.
- Net
worth can be by gift. The net worth of $800,000 no longer needs
to be accumulated as a result of the investors own efforts. Now, gifts,
as long as they were received more than 6 months before the application,
and inheritances can be used in calculating the investor's net worth.
These changes are very positive for the Quebec Investor Program. We are more than pleased to assist you in an application for a Selection Certificate under the Quebec Investor Program.