I-0.2.1, r. 3 - Québec Immigration Regulation

Section 37 Disposition versions

2024-01-01

37. The Minister selects a foreign national under the investor program if the foreign national

(1)  has management experience for a period of at least 2 years, acquired elsewhere than in an inadmissible sector referred to in section 1 or 2 of Schedule E, in the 5 years preceding the date of filing of the application;

(2)  has, with his or her spouse or de facto spouse, if included in the application, net assets whose lawful origin must be demonstrated and at least $2,000,000, which amount excludes donations received in the 6 months preceding the date of filing of the application;

(3)  holds a diploma obtained before the date of filing of the application and corresponding minimally, in Québec, to a secondary school diploma;

(4)  has an oral knowledge of French at level 7 or above according to the Échelle québécoise des niveaux de compétence en français;

(5)  not later than 120 days after the date of the Minister’s request for that purpose, makes a 5-year term investment of $1,000,000 with IQ Immigrants Investisseurs Inc. and a financial contribution of $200,000 to IQ Immigrants Investisseurs Inc., through a participating financial intermediary and in accordance with an investment agreement entered into with the intermediary;

(6)  has been issued a work permit under paragraph c of section 204 of the Immigration and Refugee Protection Regulations (SOR/2002-227) after the date of the Minister’s notice of intent to render a selection decision;

(7)  in the 2 years following the date of issue of the work permit, has stayed in Québec for a period of at least 6 months and the foreign national or his or her spouse or de facto spouse included in the application has stayed in Québec for another period of at least 6 months.

O.C. 963-2018, s. 37; O.C. 1570-2023, s. 13.

2018-08-02

37. The Minister selects a foreign national under the investor program if the foreign national

(1)  has experience in management for a period of at least 2 years during the 5 years preceding the selection application;

(2)  has, alone or with the accompanying spouse or de facto spouse, net assets of at least $2,000,000 whose lawful origin must be demonstrated;

(3)  makes a 5-year term investment of $1,200,000 with a subsidiary of Investissement Québec for which the foreign national has entered into an investment agreement with a financial intermediary bound by an agreement with the Minister and the subsidiary and that will be the foreign national’s mandatary in Québec;

(4)  obtained the number of points required as the cutoff score, where applicable, and as the passing score provided for in the Regulation respecting the weighting applicable to the selection of foreign nationals (chapter I-0.2.1, r. 4) in the awarding of the points in respect of the factors and criteria provided for in the Selection grid for the economic class in Schedule A.

O.C. 963-2018, s. 37.

Not in force

In force: 2018-08-02

37. The Minister selects a foreign national under the investor program if the foreign national

(1)  has experience in management for a period of at least 2 years during the 5 years preceding the selection application;

(2)  has, alone or with the accompanying spouse or de facto spouse, net assets of at least $2,000,000 whose lawful origin must be demonstrated;

(3)  makes a 5-year term investment of $1,200,000 with a subsidiary of Investissement Québec for which the foreign national has entered into an investment agreement with a financial intermediary bound by an agreement with the Minister and the subsidiary and that will be the foreign national’s mandatary in Québec;

(4)  obtained the number of points required as the cutoff score, where applicable, and as the passing score provided for in the Regulation respecting the weighting applicable to the selection of foreign nationals (chapter I-0.2.1, r. 4) in the awarding of the points in respect of the factors and criteria provided for in the Selection grid for the economic class in Schedule A.

O.C. 963-2018, s. 37.