Earlier today, by way of ministerial decree, Quebec’s Minister of Immigration, Francisation et Integration, announced that the Quebec Immigrant Investor Program (QIIP) will continue to remain on hold. The QIIP has been on hold for close to a year and half, as the Province conducts a review of the program, and works on modifications and improvements. While the announcement made today allows for the program to be on hold until March 31 2023, we believe that the Province will publish regulatory updates for the QIIP well in advance of this date.
If you are currently working with any clients who you believe might be interested in the Program once it reopens, please contact us and we will be sure to contact you once an announcement is made.
The Quebec Immigrant Investor Program continues to be Canada’s most popular business immigration program. It remains as the only “passive” investor immigration program in Canada, and the only business immigration program which does not require the applicant’s active involvement in the management of a Canadian business.