Permanent Residence Certificate (public sector project) vs Quebec Immigrant Investor Program
Residency program comparison: Turks and Caicos and Canada. Income, fees, tax, duration, work rights and pathways.
Overview
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|---|---|---|
| Country | Turks and Caicos | Canada |
| Program type | Investor visa | Investor visa |
| Status | Active | Active |
At a glance
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|---|---|---|
| Initial duration | — | 36 mo |
| Monthly income | — | — |
| Application fee | $25,000 | $12,810 |
| Tax regime | Exempt | Worldwide |
| Renewable | No | Yes |
Financial requirements
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|---|---|---|
| Net worth requirement | — | $1,460,000 |
| Application fee | $25,000 | $12,810 |
| Government contribution | — | $146,000 |
| Dependent fee | $200 | — |
Duration and renewal
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|---|---|---|
| Initial duration | — | 36 months |
| Renewal duration | — | 24 months |
| Renewable | No | Yes |
| Minimum stay | — | 365 days |
Tax regime
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|---|---|---|
| Tax regime | Exempt | Worldwide |
| Tax rate | 0% | — |
| Tax regime name | Zero Income Tax | Canadian and Quebec worldwide income tax |
| Foreign income taxed | No | Yes |
| Capital gains taxed | No | Yes |
Work rights
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|---|---|---|
| Employed work | No | Yes |
| Self-employed work | No | Yes |
| Own business | No | Yes |
| Work permit included | No | Yes |
Requirements
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|---|---|---|
| Criminal record check | Required | Required |
| Health check | Required | Required |
| Degree | Not required | Not required |
| Professional experience | Not required | Required |
| Language (for citizenship) | Not required | Required |
| Endorsement | Not required | Required |
Family and dependents
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|---|---|---|
| Dependents allowed | Yes | Yes |
| Spouse included | Yes | Yes |
| Maximum child age | 18 | 22 |
| Dependent parents | No | No |
Pathways
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|---|---|---|
| Path to permanent residency | Yes | Yes |
| Path to citizenship | Yes(5 yrs) | Yes(3 yrs) |
| Grants direct citizenship | No | No |
| Dual citizenship allowed | Yes | Yes |
Benefits
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|---|---|---|
| Schengen access | No | No |
| Open a bank account | No | Yes |
| Buy property | Yes | Yes |
| Public healthcare access | No | Yes |
| Health insurance | Not required | Not required |
Application
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|---|---|---|
| Method | In person | |
| Processing time | 56–70 days | ?–2281 days |
| Apply from abroad | No | Yes |
| Local representative | Not required | Not required |