Federal Business program
The Immigrant Investor Program (IIP) has been operating in Canada for more than 30 years. It allows highly successful business persons a way to make a passive investment into an IIP operated by a bank or securities company in the province of Quebec, without the requirement of establishing and operating a new business in Canada.
An investor is a successful business person who:
has owned or managed a significant business operation in two of the last five years
has a net worth of C$1.6 million
is willing to invest C$800,000 into an investment fund for 5 years.
Because this investment earns no interest, the applicant has the option to finance the investment at a cost of C$240,000, which is non-refundable. The advantage for the investor is that he and his family will all receive permanent residence in Canada upon approval.
Each year, Quebec will only accept applications for a two week period and will only select 1750 applications to process.