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Quebec Immigrant Investor Program (QIIP)

A Comparison of the Quebec Immigrant Investor Program vs. the U.S. EB-5 Program

21 May 2018

A Comparison of the Quebec Immigrant Investor Program  vs. the U.S. EB-5 Program
Business Immigration by investment

The investor’s program is designed for business people to invest in a country’s economy and contribute to its growth while receiving the temporary and/or permanent resident Visa.
 
The US and Canada both have immigrant investor programs that lead to permanent residency. The two most popular are the U.S. EB-5 program and the Quebec Immigrant Investor Program (QIIP).

 

Business Immigration to Canada

 
How can I come to Canada as a business immigrant via the Province of Quebec?

The Quebec Immigrant Investor Program provides qualified business people and their families members with a straightforward path of immigrating to Canada.

Business Immigration to the United States (US)

 
Immigrant Investor Program via the EB-5 Immigrant Investor Program

Under the USA EB-5 Immigrant Investor Program, investors (and their spouses and unmarried children under 21) are eligible to apply for a green card (permanent residence) if they:

  •  Make the necessary investment in a commercial enterprise in the United States; and
  •  Plan to create or preserve 10 permanent full-time jobs for qualified U.S. workers.
Below is a brief overview of the programs, highlighting their similarities and differences.

Compared: Quebec Investor (QIIP) vs. U.S. EB-5

 
Programs QIIP U.S. EB-5
Net worth requirement CAD 2,000,000 (USD $1,552,254) USD $1,000,000+
Minimum Investment CAD 1,200,000 (USD $931,352)
(government guaranteed)
USD $500,000 or 
USD $1 million
Financing Option Yes, formal financing available Program financing not permitted
Investment Recipient Quebec government Private regional center
Investment Status Secured and reimbursed after 5 years Investment is at risk and reimbursed after 5 years
Investment Due Date Once application is approved Once application is submitted and/ or approved
Investment lock-up period 5 years
(passive investment bearing no interest)
5 years
(passive investment)
Additional Requirement At least 2 years of business experience Create 10 permanent jobs for 2 years
Capital Examination (Due Diligence) On all of the net worth Only on the amount invested
 (USD $500,000)
Physical Residency Requirement 730 days throughout the 5 years 1 day every 6 months
Citizenship by Physical Residency After 3 years of permanent residency in the last 4 years  
After 2.5 years in the 5 year period of permanent residency (Green Card)

 
Permanent Residency Process Direct (Immediate) Permanent Residency (PR) Immediate Conditional permanent residency (Green Card) for 2 years then permanent residency (Green Card) if investment is maintained
Place of Residence Intend to reside in the province of Quebec (Although you are able to live anywhere in Canada) Anywhere in the U.S.
Family Members Included Spouse and dependent children under 22 years Spouse and unmarried children under age 21
 

Conclusion

Immigrant investor programs are programs designed to attract foreign capital and business people by providing the right of residence and citizenship in return. The reputation of Canada and the United States as target destinations for migration is the reason why the investment immigration programs in both countries are among the world’s most popular.
 
As one of the well known firms, QICMS is equipped with an extensive network of lawyers , uniquely positioning us to facilitate investment immigration, apart from of which country’s program you eventually prefer.
 
Interested in QIIP or U.S EB-5 , kindly contact us here to receive further information.

Find out whether you qualify to Canada or US by completing our free on-line evaluation. We will provide you with our evaluation within 1 business days.

 

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