Quebec Entrepreneur Program
Immigration Consultants in Scarborough, Toronto
Springwind Immigration are aware of your desire to build a successful business in Canada. In terms of immigration, this is combined with the requirement to choose a business program that would allow you to obtain permanent residency in Canada. Selecting the Right Business Immigration Program Can Be Challenging. Contact Us today, you will receive expert assistance on which option is right for you, it will increase your chances of visa approval by working with one of our Regulated Canadian Immigration Consultant (RCIC). Our RCIC is licensed by the CICC to assist you by assessing your eligibility, reviewing all documentation, and submitting it to the Canadian government on your behalf.
What is the Quebec Entrepreneur Program?
The Quebec Entrepreneur Program is for experienced entrepreneurs who want to develop and or purchase a business in Quebec. Accompanying family members can also become permanent residence under this program. In 2018 the program was revised by introducing two streams (Stream 1 & Stream 2) under which applicants can apply for a Certificate of Selection of Quebec (CSQ). As of January 2020, all applicants who apply for permanent residence through Quebec immigration programs are required to pass a Quebec values test or complete a course in Quebec values in order to understand Quebec values. Applicants must be aware of the intake periods for Quebec’s selections found here.
What are the general requirements of the Quebec Entrepreneur Program?
Quebec Entrepreneur Program - Stream 1
Stream 1 is focused on new businesses or startups in Quebec with support from three types of organization. These organizations will provide a service offer to show their capacity to support the candidate(s) and their business project. There can be a maximum of three candidates in the project who are also submitting the same application.
- Education: Minimum secondary (high school) diploma, or a foreign equivalent or higher
- Quebec Economic Class Selection Grid: Minimum of 41 points across all categories, found here.
- Settlement Funds: proof of financial self-sufficiency
- Service offer/Business Plan: support from the business accelerator, incubator, or university
- Quebec Values: attestation of learning about democratic values and the Québec values.
There is no established list of organizations, but there are classified into three types:
- Business Accelerator: An organization with an establishment in Quebec that offers support services, particularly assistance seeking financing, to entrepreneurs whose projects aim to grow innovative businesses.
- Business Incubator: An organization with an establishment in Quebec that offers support services to entrepreneurs who seek to create innovative businesses.
- University Entrepreneurship Centre: An organization administered by a university institution at the university level that provides coaching services to entrepreneurs.
Quebec Entrepreneur Program - Stream 2
Stream 2 is focused on owner-funded and operated businesses. This means the candidate either created or acquired an existing business and also operates and actively participates in its daily management.
- Education: minimum secondary (high school) diploma, or a foreign equivalent or higher
- Quebec Economic Class Selection Grid: minimum of 81 points across all categories, found here.
- Financial Deposit: either a security deposit of $200,000 CAD or a startup deposit of $300,000 CAD and $200,000 CAD if outside Montreal
- Ownership: at least 25% for a new business or 51% for existing business acquired by the candidate (must be operating 5 years prior)
- Net Worth: minimum of $900,000 CAD
- Settlement Funds: proof of financial self-sufficiency
- Business Plan: must demonstrate a successful evaluation of the business project
- Quebec values: attestation of learning about democratic values and the Québec values.
Excluded business should not operate in the following industries:
- Salary loans, check cashing or pledge loans;
- Real estate development, brokerage in real estate or insurance;
- Production, distribution or sale of pornographic or sexually explicit products or services related to the sex industry such as nude or erotic dance, escort services or erotic massages.