| 1. Eligibility |
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The client is eligible for the program and wishes to proceed.
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| 2. Contact us and sign up |
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The client signs four copies of LBG Canada’s Investor Agreement, which sets out the client’s and National Bank Financial’s (NBF’s) respective responsibilities. |
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The client signs four copies of the related Power of Attorney form. |
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The client submits these forms, along with the following, to our office for review and approval before we open an account: |
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Copy of client’s passport |
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Completed application for Selection Certificate: (a) Principal Applicant forms No. A-0520-A (Appendix 1); and (b) Appendix Entrepreneur and Investor forms No. A-0521-A (Appendix 2) |
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Certification letter signed by a Chartered Professional Accountant, Financial Analyst or Québec Lawyer with related documentation (Appendix 3) |
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Declaration signed by the Immigrant Investor Candidate (Appendix 4) |
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Completed application for permanent residence in Canada (IMM0008) and all related annexes (Appendix 5)
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| 3. We evaluate the application |
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National Bank Financial Inc. verifies, analyses and executes the requested documents upon approval and returns them to the client’s agent, together with a Fund Transfer Instruction, which confirms the client’s account number at our office.
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| 4. The province evaluates the application |
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The Québec Delegation authority evaluates the client’s application and advises the client of their decision (or a date of interview).
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| 5. The client’s funds are transferred |
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Upon approval, the client will receive a transfer of funds letter indicating that he or she may then transfer the funds to his or her personal account at National Bank Financial using the submitted Fund Transfer Instruction. |
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A copy of the funds transfer receipt issued by the client’s financial institution must be sent to our office promptly. |
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At the same time, the Québec Delegation will notify the provincial government to advise IQ Immigrants Investisseurs Inc. and our office that a Promise of Certificate of Selection for Québec (CSQ) is issued for the client.
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| 6. Receipt of funds is confirmed by National Bank Financial |
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National Bank Financial Inc. confirms receipt of funds with the client or his/her agent and transfers the funds to IQ Immigrants Investisseurs Inc. if the Promise of CSQ has been issued and received by our office.
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| 7. Receipt of funds is confirmed by IQ Investisseurs Inc. |
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IQ Investisseurs Inc. confirms the receipt of the client’s funds to the immigration department in Montreal.
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| 8. The coupons note is issued |
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IQ Immigrants Investisseurs Inc. issues a five-year zero coupons note, which is deposited into the client’s account.
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| 9. The CSQ is issued |
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The Government of Québec in Montreal will advise the Delegation of the placement of funds, and accordingly, the Delegation will issue the CSQ.
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| 10. The visa is issued |
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The Government of Canada will proceed with medical and security clearance, after which it issues the permanent resident (PR) visa. The client may then enter the country.
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| 11. The client provides us with documentation |
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Within 10 days after they have been granted, the client must provide us with: notice of intent to issue a Québec selection certificate, the Québec selection certificate and the Canadian visa or the refusal of visa or of permanent residence, as the case may be.
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| 12. We return the client’s capital |
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At the end of the five-year investment term with IQ Immigrants Investisseurs Inc., we will return the original capital in the case of a cash option. In the case of the walk-away financed option, the maturing note will serve to pay off accumulated interest in the client’s account.
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| 1. |
The client signs off on two Subscription Agreements. |
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The client completes two Powers of Attorney: |
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No return amount at the end for the financial option (Appendix 1) |
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Return amount at the end for the cash option (Appendix 2) |
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All four documents are sent to us (National Bank Financial). |
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We open an account for the client and send the Transfer of Funds Instructions. |
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After a successful interview with the Government, the client transfers funds to his or her National Bank Financial account using the Transfer of Funds Instructions. |
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The client now sends the following documents to us: |
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Subscription Agreements as well as Power of Attorney (two originals) |
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The Imm8 (photocopy) (Appendix 3): |
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Generic |
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Schedule 1 |
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Schedule 6 |
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Copy of client’s passport |
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The letter from the Federal Government advising client to transfer funds (photocopy) |
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Investor’s Acknowledgement (two originals) (Appendix 4) |
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Consent for Disclosure of Personal Information (two originals) (Appendix 5) |
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| 7. |
Funds are sent to the Government. |
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Visa is issued. |