Hi all,
News about suspension of the program until April 2023
https://www.journaldequebec.com/2021/04/01/des-immigrants-investisseurs-pris-de-panique
[google translate from French to English]
FRANCIS HALIN
Thursday, April 1, 2021 12:00 AM
UPDATE Thursday, April 1, 2021 12:00 AM
Wealthy immigrant investors are considering turning their backs on Quebec because of a ministerial decree signed in mid-March which extends the freeze on the Quebec immigrant investor program. At least, that's what a lawyer inundated with appeals since Wednesday says.
“I have people willing to invest over a million dollars here who get discouraged and say they can no longer see the light at the end of the tunnel. We must repair the damage, ”lamented Marc-André Séguin, partner at EXEO Avocats.
Calls from everywhere
Middle East, Europe, Asia ... the lawyer's phone did not stop on Wednesday because wealthy investors who wanted to settle here are panicking because of this ministerial decree which sows confusion, according to the 'lawyer.
"It sends as a signal to the world that the program is closed until 1 st April 2023. It will create confusion for everyone. It will send them elsewhere, ”added the lawyer.
On Wednesday, the ministry admitted to the Journal that "some stakeholders may be concerned about the extended suspension of receipt of Investor Program applications."
“However, let us remember that despite this suspension, the Ministry of Immigration, Francization and Integration (MIFI) is still examining the applications for permanent selection in inventory, which numbered around 1,600 to 30. December 2020, ”said spokesperson Arianne Méthot.
Modernization
The minister's office says they are modernizing the system to better meet Quebec's economic needs after seeing that it created a passageway for very wealthy candidates to settle elsewhere in the country.
"Unlike previous governments, we have the will to attract and retain qualified and competent immigration, which the Investors program, in its current form, does not allow us to do," said Flore Bouchon, spokesperson for Quebec Minister of Immigration Nadine Girault.
- With Pascal Dugas-Bourdon