Quebec Immigrant Investor Program (QIIP)
Quebec Immigrant Investor Program (QIIP) is a Canadian provincial immigration program administered by Ministère de l’Immigration, de la Francisation et de l’Intégration (MIFI) in Quebec. Applicants with a Certificat de sélection du Québec (CSQ) can apply for Permanent Resident (PR) status accordingly.
The Canadian federal Immigrant Investor Program was closed in June 2014. Since then, the Quebec Immigrant Investor Program (QIIP) has been the only passive investment immigration program in Canada.
According to the Admissions of Permanent Residents by Immigration Category between January 2015 and December 2020 released by Immigration, Refugees and Citizenship Canada (IRCC) on December 31, 2020, the number of permanent residents admitted to Canada through the QIIP program decreased from about 5,460 in 2015 to about 3,215 in 2019. The number further decreased in 2020 due to COVID-19 and application processing backlog.
According to the Québec Immigration Plan for 2021 released by Ministère de l’Immigration, de la Francisation et de l’Intégration (MIFI) on October 29, 2020, Quebec targets at admitting 1,000 – 1,600 permanent residents through QIIP, Entrepreneur Program, and Self-employed Worker Program in 2021.
Quebec Immigrant Investor Program (QIIP) is currently not accepting applications. Its application intake is suspended until April 1, 2023.
The current processing time for Permanent Residence (PR) application through the Quebec Business Class including QIIP is 65 months.