Depending upon the place of applying, it can take 12 to 44 months for obtaining a visa by using the Quebec Program. There is a short waiting time for Western Europe, North America, and South America involving 12 months. It is 44 months for China, Hong Kong and Macau. The time calculation begins after submitting the application to the Canadian authorities. Preliminary approvals by provincial Immigration Authorities occur in 12 months. Q.I.I.P. is an option allowing a passive investment by high net worth immigrants to get PR. The Program accepts 1,900 new applications between Sept 10, 2018 and March 15, 2019. There is an allocation of 1,235 beneficiaries in the countries of China, Macau and Hong Kong, and 665 for the remaining countries of the world.
Qualifying norms:
Legally acquired net worth -$2 million;
Two years management/business experience in previous five years before applying;
five year Investment of $1.2 million in a passive government guaranteed venture, which will not carry any interest;
Furthermore a desire to settle in Quebec province
The Application Process for Investment Program
Collecting documents to support net worth and experience. Proof of legal accumulation of assets.
The application undergoes a review for compliance, conducted by an Approved Intermediary having quota allocations from Immigration Authorities.
Submission of the application to the authorities,
A file number is also issued in 30-days after receiving.
A notice of interview/ or its waiver happens within 12 months after submission.
Authorities also take a decision in 30 days after conducting the interview.
Applicants gaining an Approval get a request to invest in 110 days.
Subsequent to the investment, candidates receive a Selection Certificate. It allows applying for PR at the federal level.
Submitting the application to Authorities, who conduct security check and medical check.
Applications are only finalized for issuing visa depending upon the area
Furthermore, after getting the approval, they must submit passports. Then a Permanent Residence Confirmation is issued to the applicants/dependents.
Finally, they need to reach Canada before the ending date mentioned on the C.O.P.R. It has validity for 12-months.
At Career Overseas we give timely advice for all the persons seeking details about such programs. Please stay in touch with us.