Post on 22-Dec-2015
JTH, lawyers Inc.
Content• Julien Tetrault Biography
• Quebec Investor Immigration Program
Julien Tétrault• Lawyer and president of JTH Lawyers Inc.
• Law School: University of Montreal (1999)
• DESS international commercial law: University of Montreal (2003)
• 2011-2014 Directors of the Quebec Lawyers Abroad (AHQ), and created the "Immigrant Investor Section" of AHQ.
• Represented over 1,000 applicants over 60 countries
through QIIP
CANADA
Quebec Investor Immigration Program (QIIP)
CONDITIONS:
• 1. Net assets of $1,600,000 CAD or more
• 2. Intention to settle in Quebec and commit a passive investment of $800,000 CAD for 5 years or walk-away option of $220,000.
• 3. Have at least 2 years of management experience over the past 5 years prior to filing
Eligible Assets (Minimum 1.600.000CAD required)
• Properties (market value),• Company book value, • Bank assets,• Stocks, • Life insurance redemption value,
etc.
Management Experience
• Broad criteria related to the planning, management and effective control of budget and staff and/or equipments of a private or public, profit or non-profit enterprise
• The business managed does not need to be profitable under QIIP, nor does it need to have a minimum capital requirement or a large number of employees
• Professionals (doctors, lawyers) also eligible if management of minimum 2 full-time staff
Type of documents needed
ID DOCUMENTS: PASSPORTS, MARRIAGE, BIRTH, ETC.PROOF OF NET WORTH: BANK STATEMENTS, TITLE DEEDS (EVALUATION IF NEEDED), MEMORANDUM + FINANCIAL STATEMENTS FOR COMPANY OWNERSLEGAL ACCUMULATION OF FUNDS: REFERENCE LETTER FOR EMPLOYEES, AUDITED FINANCIAL STATEMENTS FOR COMPANY OWNERS
• Document list• Narrative established• File completion & verification• Canadian bank verification
before submission
Step 1 File preparation
• Between Aug 31st, 2015 and January 29, 2016
• Recurrent every Quebec financial year, with increased conditions
Step 2 Quebec Submission • Easy part:
• Obtain Certificate of Selection of Quebec (automatic after transfer of Step 4)
• Submit almost same file to Canada gvt
Step 5 Federal application
Quebec Investor Immigration Program (QIIP)
Benefits• Permanent Residency for applicant, spouse and children
below 19
• Same rights as other Canadians except mainly right to vote, and pathway to Citizenship after 4 years
• Free Universal health care system amongst the best in the world
• World class education, free until college and very affordable later on
• Saving of approx. $30,000 per year per child at university
• Quality of life, low crime rate, affordable housing, business opportunities
Why apply now?• Quota limit is imposed: if you are late to have your file
ready, you won’t have access to any quota hence may NOT be able to apply
• Your children future: give them the opportunity you would have want your parents to give to you
• QIIP keeps being more restrictive, more expensive, longer processing, and QIIP may be closed in next 1-3 years: lock-in your application now or risk never being able to do it
• Whether Canada is for you a Plan A or Plan B, no one can rely on only one passport if home country stability becomes an issue in years to come
Opening period Total Investor applications
2012: 5 weeks 27002013: 2 weeks (lucky draw) 1750 (5000 sbmtd)
2014: 2 month 1400 (1000 for China)
2015 : August 31, 2015-January 29, 2016
1750 (1200 for China)
Upcoming years ???
QIIP applications submitted under quota system
lawyer & President
JTH, Lawyers Inc.
www.jthlawyers.com
Call us, email us or come visit us at our following offices:
Montreal (Quebec, Canada) – Lagos (Nigeria)
Tel: 514-397-0995 l Cell: 514-516-0995 l Lagos Tel: +234 80 5544 4777 Email: Julien@jthlawyers.com
Julien Tétrault