This is truly shaping up to be a historical year for our industry in terms of landscape changes - the QIIP is set to re-open, the US EB-5's recent changes are finally being understood, digested and implemented, St. Kitts & Nevis has completely overhauled their regulations, many European programs are closing or going through major modifications, the US has seemingly shut the E2 backdoor, and more.
Below is a look at the latest updates on our most active programs and investment opportunities. For more information and timely updates, you may also follow our LinkedIn page.
Canadian Immigration
- Quebec IIP
- Ontario INP
Caribbean Citizenship
- Antigua CIP
- St. Kitts CIP
Real Estate Investments (Non-immigration news)
- Canada Real Estate Investments
- Dominican Republic Real Estate Investments
Our team works hard to bring you the best products and highest commissions in each of these categories, and we're proud to have served the immigrant investor community for the last 25 years.
Please don't hesitate to reach out to us if you have any questions, need marketing materials, or anything else. Thank you for your continued business and trust.
Sherbrooke Street Capital is the leading financial intermediary for the Quebec Immigrant Investor Program (QIIP) and has managed one of the largest quotas for Quebec Immigration for many years. Our colleagues at SSC are optimistic that there could be news about the program very soon (new updated requirements, opening date, financing cost, agent commissions, and more).
If you would like to receive an update about the reopening of the QIIP, please contact one of my colleagues at SSC who will gladly put you on our mailing list:
Guy Pilote : guy.pilote@shercap.com
Patrick McCarthy: patrick.mccarthy@shercap.com
On January 27, 2023, the Ontario Immigrant Nominee Program (OINP) held its latest draw for the Entrepreneur Stream. This marked the second draw in the last five weeks, and the fifth draw since the beginning of 2022. Encouragingly, the minimum score for those invited, dropped to 137 compared to a minimum score of 152 on March 4 2022.
Over the last several years, we have been delighted to accompany several clients and their immigration practitioners through the OINP Entrepreneur Stream process. The Entrepreneur Stream is an excellent choice for any foreign national who is interested in doing business in Ontario. The minimum investment threshold is only $200,000 (outside of the GTA), and while there are priority sectors, the OINP accepts business proposals in a wide variety of industries.
If you have a client who is interested in running a business in Ontario, and would like to explore the Entrepreneur Stream, please get in touch with us.
The Antigua & Barbuda CIP has benefited tremendously from the recent changes that have been made in some of the other Caribbean programs; it remains the most consistent and stable program, and no changes are expected anytime soon.
Definition of Dependents
It continues to be the most financially-attractive option for families of any size and it offers the most flexible definition for dependents.
In addition to the usual dependents, a Principal Applicant could bring all of the following under ONE application:
- Unmarried Sibling (zero other conditions - age, children, financial dependence are not important)
- Spouse of dependent child
- Grand-child (Child of dependent child)
Consider the following examples, of which we see similar variations:
- One 35 year old Principal Applicant (PA) has a spouse and two kids, plus PA's and Spouse's parents, unmarried brothers and sisters (PA and Spouse's).
- PA and Spouse have kids under 30 who are married and have children of their own (PA's grandchildren). The whole family could all apply in one application.
For a family of six, the total price is only US$150,000 (plus standard due diligence and other fees) and we offer a very attractive commission.
5-day Visit & Oath
The 5-day visit requirement continues to be waived until June 30, 2023.
Real Estate Investments
For those of you who have clients invested in any of our real estate projects, we provided an update on the development of the area through our LinkedIn post.
We're excited to report that the area is developing according to the long-term masterplan for this part of the island, and the group is currently planning their next significant hotel investment. Stay tuned for updates on this exciting development!
On December 26th, 2022, the Government of St. Kitts & Nevis announced sweeping changes to their Citizenship by Investment Program, which became effective in January.Just about every aspect of the program has been affected by this announcement. This is a quick overview of the main changes:
- Discontinuation of all real estate projects (developers must re-apply to qualify)
- Implementation of a Limited Time Offer for the SGF Contribution option until June 30, 2023
- reduced pricing
- 60-day fast-track processing for applications
- Modifications of applicable government fees
- Revised definitions for dependents
- Appointment of a new CEO of the Citizenship by Investment Unit
- New governance structures for the program, namely the implementation of a Board of Governors and Technical Committee
As a result, we no longer offer Golden Rock Commercial Park as an investment option and focus solely on assisting our partners and their clients with the SGF Contribution option for the time being. With St. Kitts' continued popularity, our unique service level, and commission structure, we're confident that the St. Kitts SGF Contribution option will continue to be in high demand.
If you have any questions or would like to receive updated sales and marketing tools, please contact a member of our team for further information.
Note: this investment opportunity is not associated with immigration or citizenship and is solely an investment opportunity.
The Federal Government of Canada has implemented restrictions on foreign real estate buyers which have come into effect for a two year period beginning January 1, 2023 until December 31, 2024. This does not affect foreign buyers who have entered into preliminary purchase agreements prior to this year. Meanwhile, there are some exemptions, notably international students and some temporary residents.
In 2022, our partnership with the Broccolini Group proved to be successful. To date:
- virtually all of our buyers at 628 Saint Jacques have taken possession of their new apartments;
- deliveries of units at Victoria sur le Parc have begun; and
- sales at Le Sherbrooke have taken off.
Our agents who introduced clients have earned great commissions and provided their clients with world-class investment opportunities. Broccolini's newest project, Le Sherbrooke, located in the heart of the Golden Square Mile, has been highly successful, combining history, contemporary living, and timeless luxury in one of Montreal's most prestigious locations.
If you have any customers who may be exempt from the foreign buyer's ban, and are interested in investing in Montreal, please contact us.
Note: this investment opportunity is not associated with immigration or citizenship and is solely an investment opportunity.
For 20 years, Noval Properties has been one of the leading real estate developers in the Dominican Republic. They have developed an exclusive portfolio of projects across the Dominican Republic, with innovative designs and excellent locations. Their focus is on providing unique customer experiences, while delivering superior value for those who invest in their projects
Their latest project on the island, Atlantida, is a unique development, bringing a wide range of amenities including spa, swimming pools, restaurants, commercial area, club house, and what will be the Dominican Republic’s largest theatre for shows and concerts. Building on the success of Phase I, Noval is now introducing Phase II of the project, known as River Island.
This mega resort, situated in the heart of Bávaro in Punta Cana, has everything that vacationers could dream of, and will make it a top-tier destination in the Dominican Republic. The resort will boast of numerous interconnected swimming pools, exceptional facilities for hosting events, and a prime location at the heart of the most sought-after tourist attractions in the Caribbean. Investors can select from fully furnished 1 and 2 bedroom apartments, with prices starting at USD 159,000.ClientReferrals is thrilled to collaborate with Noval Properties to offer you and your clients an opportunity to invest in real estate abroad.
Benefits of this partnership include:
- Providing value to your network of clients
- A straightforward buying process that can be completed remotely
- Generous commissions to all introducing agents
For more information, please contact Patrick McCarthy at pmccarthy@clientreferrals.com, and he will connect you to one of our real estate professionals who will be happy to assist you.
