The Minister of Immigration in Quebec announced the continued suspension of the Quebec Immigrant Investor Program, until January 1, 2024.The current suspension was to expire on April 1, 2023.Stakeholders expect new regulations to be published early in the fourth quarter of 2023 that promote stronger settlement ties to the province.
It is well known the majority of QIIP applicants under previous versions of the program were from China and South East Asia and never settled in Quebec.The new version is expected to be a scaled-down version of the previous program, with French language and settlement performance bonds being considered as possible new requirements.
QIIP has been under suspension since 2019 with applicants dating as far back as 2017 who are still waiting to receive their Canadian permanent residence visas.Despite it being suspended to new applicants for four years, 5,000 candidates became permanent residents through the QIIP in 2022, the most since 2015.
https://www.immigration.ca/quebec-immigration-extends-suspension-of-quebec-immigrant-investor-program/