The Quebec Government has announced a moratorium on the Immigrant Investor Program as of today August 30th, 2019. The expected re-launch is currently unknown, as the Quebec Immigration Plan for 2020-2022 will be released only on Friday November 1st, 2019.
This decision has been gazetted since May 22nd, 2019. However, please note this does not affect French-speaking investors as they are not subject to any quotas or of the intake period for the province.
When the program reopened in August 2018, the required investment increased to $1.2 million CAD (up from $800,000 CAD), with a new net-worth requirement of $2 million CAD. Furthermore, all financial intermediates are now obliged to have their Head Office and executive committee in the province of Quebec.
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