Entry into effect of the Regulation respecting quotas of brokers and trust companies and modifications to the list of documents to submit – Investor Program
 
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Entry into effect of the Regulation respecting quotas of brokers and trust companies and modifications to the list of documents to submit – Investor Program

July 15, 2015 – The Regulation respecting quotas of brokers and trust companies (PDF, 42 Kb) entered into effect on July 15, 2015. From now on, financial intermediaries must have been allocated a quota (number of investment agreements allocated) in order to sign investment agreements with applicants who submit an application for a selection certificate.

The allocation of quotas is determined according to a neutral and objective formula based, among other things, on historic data and a minimum number of investment agreements for each financial intermediary.

The Ministère has also made modifications to the document requirements for investors; these also entered into effect on July 15. The new form Documents à soumettre à l’appui de la demande de Certificat de sélection du Québec – Investisseurs (Documents to submit in support of the Application for a Certificat de sélection du Québec – Investors) (Dynamic PDF, 928 Kb) (English version to come) must be used from now on.

Note that from August 31, 2015 to January 29, 2016, the Ministère will receive a maximum of 1,750 applications for a selection certificate under the Investor Program, of which no more than 1,200 applications will be authorized from applicants from the People’s Republic of China (including Hong Kong and Macao).

Applications submitted by candidates with an advanced intermediate knowledge of French demonstrated by a standardized test recognized by the Ministère are not subject to the rules governing the maximum number of applications, and can be submitted at any time. These applications receive priority processing.

For more information consult the page Immigration rules and procedures.

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Last modification : 2016-08-25
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