Quebec’s Entrepreneur Program

Quebec’s Entrepreneur Program

  • The Government of Quebec and the National Government of Canada have developed the entrepreneur Quebec program which permits foreign nationals to move to Quebec and start own business.
  • This program intends to attract prospective entrepreneurs who seek to begin or acquire business in Quebec.
  • Successful applicants who meet the requirements of entrepreneur Quebec program and abide by the Quebec business immigration rules can apply for permanent residence visa in Canada.

Components of Entrepreneur Quebec Program

You can begin by setting up a business or procuring a company in Quebec. Applicants who have already purchased a business in Quebec shall qualify for the entrepreneur program.

Setting up or Purchasing a New Business in Quebec

In order to setup a new business in Quebec, an applicant’s proposal must declare the following:

  • The genre of business, whether it is industrial, agricultural or commercial.
  • The location of business must be Quebec.
  • The applicant has the potential to provide 25% of capital equity either by himself or jointly with spouse.
  • The value of capital equity is $100,000.
  • The applicant must supervise the business daily or get involved as management and operations partner.

Prior Business Possession in Quebec

Applicants can also apply if they have already obtained a share in a business in Quebec. In such case, the proposal must state the following-:

  • The nature of business if it is agricultural, commercial or industrial.
  • The location has to be Quebec.
  • The business was not managed by another recipient of the entrepreneur Quebec program in the last 5 years.
  • The applicant has the potential to provide 25% of capital equity either by himself or jointly with spouse.
  • The value of capital equity is $100,000.
  • The applicant must supervise the business daily or get involved as management and operations partner.

Eligibility Criteria

  • In order to qualify for the program, applicant must have adequate assets and managerial understanding of business operations.

Assets:

  • Applicants must produce evidence of possessing legally obtained assets valued at $300,000.
  • Assets can belong to you or your spouse either individually or jointly.
  • Proof about financial self-sufficiency to bear living expenses of oneself and family members in the first three months of residency in Canada is to be presented.

Managerial Expertise:

  • Applicants must have at least 2 years experience in business operations to apply for the program.
  • The 2 year experience should be within the frame of 5 years prior to the date the application for entrepreneur Quebec program is submitted.
  • The experience must be in a valid business in the genre of industrial, commercial or agricultural. The applicant must hold at least 25% of capital equity in the business.
  • Experience must be inclusive of the following duties: decision making in HR, management of finances and material usage, business planning and coordination.

Selection Factors

The factors that affect selection to entrepreneur Quebec program are:

  • Age
  • French and English language proficiency
  • Proper education and training
  • Personal character and values
  • Understanding about Quebec
  • Links with Quebec
  • Quality assurance of business plan

Further Essential Information

  • Applicants who qualify for the entrepreneur Quebec program shall be called for an interview by the Quebec immigration authorities. They will have to describe their business plan in front of the authorities.
  • Shortlisted applicants called for interview can bring an interpreter along with them.
  • Technical know-how derived from market visits, thorough research and an attractive business plan is the key to get selected to the entrepreneur Quebec program.