It varies based on your background. You must demonstrate that you were able to obtain your net worth through legal sources.
What types of documentation are required when submitting the QIIP application?
We are interested in the Quebec Immigrant Investor Program. I own a number of companies and have a fairly diversified portfolio of investments, including a number of properties around the world. I fear that it might take a significant amount of time to put together my application. What types of documents will I need to provide to properly submit my application?
There is a checklist available. Required are some personal documents (passport, birth certificate, etc.), some asset documents (title deed, bank account statement, audit report of business, etc.), some source of funds documents (letter of reference, tax documents, etc.) and some management documents (contracts signed by you, approval of budget or expenses, etc.).
The document list for the QIIP program can be obtained online and is quite specific. You will need to provide documents pertaining to your identity (passports, ID cards, birth certificates and civil status documents), documents to prove your assets (bank records, stock accounts, financial products, proof, property documents, etc.), your management experience (contracts signed, expense approvals, etc.) and, mainly, to prove your source of funds (employment documents, personal tax payments, company documents). As the Quebec program is a "full-disclosure" program, it can indeed take a bit of time to prepare a complete file, but, with the help of professionals, the process is usually quite smooth and easier than you would expect.
The QIIP requires a lot of documentation, but a professional can help you streamline the document checklist to its essential components. With our assistance, most of our clients manage to complete the core of their documentation within a matter of weeks. For instance, while you are required to declare all your assets (e.g. companies, real estate, investments), in some circumstances it may not be necessary for you to demonstrate their value up to a certain point.