CANADA QUÉBEC INVESTOR PROGRAM
1st July, 1867
As a country, Canada has ten provinces and three territories. It’s four largest provinces by area are Québec, Ontario, British Colombia & Alberta. The smallest subdivision of both land and water area is the province of Prince Edward Island. Canada is the second-largest country in the world; it has the fourth-largest dry land area, and the largest freshwater area.
Quebec is Canada’s largest province by area and its second largest administrative division. French is the official language in the province but it has English speaking communities in the west of the island of Montreal. The province is rich in natural resources which has been the
mainstay of its economy. Economies such as aerospace, information and communication technologies, biotechnology and the pharmaceutical industries contribute largely in making Quebec an economically influential province within Canada. The government of Québec takes the majority of its revenue through progressive income tax and various other taxes.
GOVERNMENT AND POLITICS
The Lieutenant Governor represents the Queen of Canada and acts as the province’s head of state. The head of the government is the premier who leads the largest party in the unicameral National Assembly from which the Executive Council of Quebec is appointed. The government of Quebec awards an order of merit called the National Order of Quebec. It is conferred upon men and women born or living in Quebec for outstanding achievement.
Quebec has subdivisions at the regional, supuralocal and local levels. The primary types of subdivisions are:
– 17 Administrative regions (at the supuralocal level)
– 86 regional county municipalities
– 2 Metropolitan communities
– 1,117 local municipalities
– 11 agglomerations grouping
BENEFITS OF CANADIAN PERMANENT RESIDENCE
Permanent Residency in 28 Months
Family Members Included
2 years (1095 days) Presence Required
No Worldwide Tax. Remittance Basis Only
Certificate of Permanent Residency for Life.
Canadian Residence Card
To qualify for the province and investor needs to meet minimum eligibility requirements. The main applicant must be at least 18 years of age and in good standing. One married spouse (as well as common-law spouse) can be included and unmarried dependents children up to the age of 21 years old. Children who are 22 years of age or older, and who rely on their parents due to a physical or mental health condition, can also be considered dependent children.
Possess at least 2 years of ‘Business’ experience within the previous 5 years (i.e. the management, planning, and control of both the financial side and the human or physical/material resources side of an operating enterprise or organisation). Intend to settle in Québec Province.
Demonstrate a personal (or combined with spouse) minimum net worth of CAD 2 million (or its equivalent in a foreign currency), and legally obtained; Accept to make a risk-free government guaranteed CAD1,200,000 investment through an authorised financial intermediary, with 0% interest return for 5 full years.
NB: A popular alternative to freezing CAD 1,2 Million over 5 years is instead to opt for a one-time, nonrefundable financing option of CAD350,000. The government approved broker will then finance the required CAD12 Million on behalf of client.
PATH TO CANADIAN CITIZENSHIP
After 3 years (1095 days) of physical presence in Canada as a Permanent Resident, candidates can become eligible to Canadian Citizenship. A separate application must then be filed, and processing times vary from 8 to 12 months.
– Government application fee of CAD15,235
– Legal fees of CAD 25,000 (To be confirmed at at the time of actual case assessment)
– Agent Professional Processing Fee of CAD17,000
Processing time on average is between 24 to 28 months to obtain PR (permanent Residence). To maintain your status as a permanent resident, applicants must physically live in Canada for at least two years within any 5 year period. This is calculated in total days of physical presence in Canada and does not need to be ‘consecutive’. Therefore, Permanent Residents can enter and exit at will, as long as they maintain permanent ties with Canada and remain within the minimum threshold of 2 years.