Hello All,
I have read every relevant thread within this sub-forum on this topic. Just want your advice on focussing on the 3 different options offered:
My scenario is as follows, my father is over 61 years of age. By profession he is a Civil Engineer. What would be the best program for him to apply for and have my mother also get her PR as a dependent? I do understand that the above programs mention that you need to have "intent" of staying in Quebec. But is this enforced for Citizenship? I currently do not live in Quebec - and would like them to live with me. Is the self-employed class optimistic? Any experiences to share please?
I have heard that there are over 4 year long wait-times for the Entrepreneur candidate class, is this true? Is it challenging to find a business in Quebec towards the application? I've heard BC is extremely hard. Is the Investor class significantly faster? Does anyone have any timelines please? I didn't see anything online with regards to timeline. For the Investor class funds of $800,000:
Also - I have read that there are variants to the Investor class : Full Investment and Financed Investment. But I've not read any information online about the Financed Investment approach. Can someone clarify? Which one would be recommended. I only found this from the forums, but not posted anywhere officially:
The one thing that worries me is that we would not receive ANY money back! I don't understand how the other two bullet points we could apply towards?
Any other helpful hints that someone can share? Would the BC Investor class be a better option to consider?
Thank you.
I have read every relevant thread within this sub-forum on this topic. Just want your advice on focussing on the 3 different options offered:
Investor candidate
Your intention to settle in Québec, your management experience, your investment agreement, your assets and their lawful acquisition.
Entrepreneur candidate
Your experience as a entrepreneur, your ability to successfully carry out a business plan, your efforts to acquire a business in Québec, your assets and their lawful acquisition.
Self-employed worker candidate
Your career and experience as a self-employed worker, your assets and their lawful acquisition.
My scenario is as follows, my father is over 61 years of age. By profession he is a Civil Engineer. What would be the best program for him to apply for and have my mother also get her PR as a dependent? I do understand that the above programs mention that you need to have "intent" of staying in Quebec. But is this enforced for Citizenship? I currently do not live in Quebec - and would like them to live with me. Is the self-employed class optimistic? Any experiences to share please?
I have heard that there are over 4 year long wait-times for the Entrepreneur candidate class, is this true? Is it challenging to find a business in Quebec towards the application? I've heard BC is extremely hard. Is the Investor class significantly faster? Does anyone have any timelines please? I didn't see anything online with regards to timeline. For the Investor class funds of $800,000:
- Do they all have to be paid at once?
- Can the funds come from a relative? Atleast a part?
- What is the typical return for investing it for 5 years? I heard somewhere it would be only about $40,000
- From this [cannot post URL], can someone clarify if there are different investment options? Could there be a monthly payout etc.? Are recommendations from the authorized list etc.?
Also - I have read that there are variants to the Investor class : Full Investment and Financed Investment. But I've not read any information online about the Financed Investment approach. Can someone clarify? Which one would be recommended. I only found this from the forums, but not posted anywhere officially:
Financed Investment
The investor pays a reduced amount*, which is used to finance a CA$ 800,000 closed five-year term loan from a chartered bank. No further payment is required. However, the paid amount is not returned to the investor at the end of the five-year period.
This option is particularly attractive for applicants seeking to retain maximum capital for investment in ongoing business operations.
You could receive a grant of $40,000 to $250,000 and covering up to 10% of project costs.
Financing covering up to 10% of total project costs (15% for business start-ups) - For projects costing between $300,000 and $400,000, the amount of the financial assistance is set at $40,000 **
* This amount may change marginally, if the prime lending rates in the national banking system rise or fall in response to changes in the Bank of Canada key interest rate.
** The contribution is paid out over four years. The maximum is $250,000 per company within a three-year period.
The one thing that worries me is that we would not receive ANY money back! I don't understand how the other two bullet points we could apply towards?
Any other helpful hints that someone can share? Would the BC Investor class be a better option to consider?
Thank you.