Canada offers a residency by investment program called the Quebec Immigrant Investor Program (QIIP). The QIIP requires a minimum investment of CAD $1.2 million, and the applicant must have a net worth of at least CAD $2 million. The investment must be made in a prescribed investment fund for a period of five years, after which it will be returned to the investor without interest. The QIIP has a limited number of spots available each year and is only available to individuals who are interested in settling in the province of Quebec.