Quebec all set to invite immigrant investors to apply for PR; the Quebec Immigrant Investor Program to reopen soon

Just as the skilled worker programs aids skilled professionals to apply for a PR, the Quebec Immigrant Investor Program is for the immigrant investors who want to settle in Quebec as a permanent resident. 
 
Coming straight from the columns of CIC, we have a good news for such investors. The Quebec Immigrant Investor program is expected to reopen the next month, and the province is inviting investors and their dependents to obtain a PR by investing CAD $800,000 through risk-free and authorized financial intermediary. aspiring investors. The Quebec Immigrant Investor program is expected to reopen the next month, and the province is inviting investors and their dependents to obtain a PR by investing CAD $800,000 through risk-free and authorized financial intermediary.
 
The application intake period will commence on May 30, 2016 and shall run
 
until February 28, 2017. An estimation of receiving 1,900 applications is stated, among which 1,330 will be accepted from the nations of the People’s Republic of China (inclusive of special administrative regions of Hong Kong and Macao).   The rest numbers shall cover the applications from other countries of the world.  As of the proposed rule, candidates who hold “advanced intermediate” level in French are exempted from the intake cap and will be entitled to a priority processing.