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UGLOBAL IMMIGRATION MAGAZINE
December 2010, Quebec increased the cost of the program by
50 percent in September 2018 and the net worth requirements
increased by 20 percent. The main requirements now are: two
years of management experience in the last five years (same
as before); legal accumulation of net worth of minimum
$2 million Canadian dollars (as opposed to $1.6 million
previously); and, upon approval by the province of Quebec,
make an investment of $1.2 million (as opposed to $800,000
previously). The vast majority of applicants would take the
financing option, which has also increased by 50 percent to
about $350,000. As another change, Chinese applicants no
longer take as much as 70 percent of the 1,900 yearly quotas
for QIIP; their cap was lowered to 65 percent, leaving more
room for non-Chinese families to apply for QIIP.
QIIP is a seasonal program. It typically opens before end of
the summer and closes before the end of winter, when the
maximum quota of 1,900 files is reached. The program was
supposed to be from Sept. 10, 2018, to March 15, 2019, at the
latest. However, for several reasons, including the significant
increase of the cost of the program, the lowering of the cap
of Chinese applicants and geopolitical reasons, QIIP has not
been filling the quotas at same pace as in previous years.
Therefore, Quebec announced the extension of the QIIP
submission period until Aug. 31, 2019, an extension of more
than 5 months.