Quebec adopts Federal Moratorium on the Immigrant Investor Program

As of October 13th, 2010, the Quebec’s Ministry of Immigration and Cultural Communities (MICC) has stopped accepting applications under the Quebec Immigrant Investor Program. The moratorium will be in force until the parameters for the new program on federal and provincial levels are adopted. We expect that the new Immigrant Investor Program will re-open late 2010 or early 2011.

In the meantime, the number of Immigrant Investors wishing to establish a Second Residence and Citizenship is at all time high. Since two of the most popular Business Immigration Programs are temporarily closed, it is important for clients to evaluate all other reputable options. Below are some of the options available:

Bulgaria-EU Immigrant Investor Program

The Bulgarian Investor Immigration program offers a unique exemption of physical residency necessary to qualify for citizenship in five years. It is a fast track process of 6 to 9 months within a legislative framework. For further information, refer to the Bulgaria-EU Immigrant Investor Program website.

UK Immigrant Investor Program

The UK Immigrant Investor Program applications are processed within 4 months, following which you can start living in the UK. This is one of the fastest programs available. To find out the unique benefits this program offers, visit the UK Immigrant Investor Program website.

Immigrant Investor Program comparison tool

To learn about the differences and the benefits of each of the investor programs visit the Immigrant Investor Program Comparison Matrix.