Quebec looking to revamp Entrepreneur immigration options

Stephen Smith
Published: March 28, 2018

Pour lire cet article en français, cliquez ici.

The Government of Quebec is proposing a series of updates to its Entrepreneur immigration category.

The changes would revise the two components through which entrepreneurs will be selected into one focused on startups supported by a business incubator/accelerator or university and the other on owner-funded and operated businesses.

Under the first component, Quebec’s Immigration Ministry, the Ministère de l’Immigration, et de la Diversité et de l’Inclusion (MIDI), would select entrepreneurs who:

  • Have a passing score under Quebec’s Economic Class selection grid.
  • Settle in Québec to operate an enterprise that the entrepreneur creates, alone or with other persons, and that has received an offer of service from an enterprise accelerator, an enterprise incubator or a university entrepreneurship centre.

The second component concerns the operation in Québec of an enterprise that the foreign entrepreneur creates or acquires. Under this component, MIDI will select a foreign entrepreneur based on the following criteria:

  • Holds and controls, alone or with the accompanying spouse or de facto spouse, at least 25% of the equity of the enterprise he or she creates or at least 51% of the equity of the enterprise he or she acquires. The value of that participation must be equal to or greater than the amount that must serve to start up the business project;
  • Manages the enterprise himself or herself or participates actively as an associate in the management and daily operations of the enterprise;
  • The enterprise does not carry out a restricted economic activity;
  • Provides a start-up deposit and performance guarantee security deposit; and
  • Obtains a passing score under the Entrepreneur program selection grid.

A key change between this last component and the current Acquisition of a business in Quebec component is candidates would now have to pay a performance guarantee deposit that is refundable if certain conditions are met.

Quebec has not yet detailed the financial requirements, such as the deposit or net worth required of applicants to the Entrepreneur program.

To find out if you are eligible for the Quebec Entrepreneur Program, fill out a FREE assessment form.

© 2018 CICNews All Rights Reserved

Share this article
Share your voice
Did you find this article helpful?
Thank you for your feedback.
Subscribe to our newsletter
Did you find this article helpful?
Please provide a response
Thank you for your helpful feedback
Please contact us if you would like to share additional feedback, have a question, or would like Canadian immigration assistance.
  • Do you need Canadian immigration assistance? Contact the Contact Cohen Immigration Law firm by completing our form
  • Send us your feedback or your non-legal assistance questions by emailing us at media@canadavisa.com
Related articles
Express Entry: IRCC invites 1,499 candidates in latest draw
Candidates have received ITAs in that latest Express Entry draw
Ontario, British Columbia and Saskatchewan invite candidates for nomination in latest draws
Aerial view of Toronto Financial District at sunset, Ontario, Canada.
Canadian Immigration Lawyers Association recommends IRPA legislation reform
A young family at home having fun on sofa.
Three provinces select candidates in latest provincial immigration results
B.C., Quebec and Manitoba have invited candidates in the latest provincial immigration draws.
Top Stories
Express Entry: IRCC invites 1,499 candidates in latest draw
Category-based Express Entry draws: A year in review
Live Webinar: Preparing for Success: Immigration and Banking Advice for International Students in Canada
Join our free newsletter. Get Canada's top immigration stories delivered to your inbox.
Subscribe
More in Live Webinar
Live Webinar: Preparing for Success: Immigration and Banking Advice for International Students in Canada
oving to a new country as an international student can be exciting, but it's normal to feel some uncertainty too.
Live Webinar: A Clear Path to Academic Achievement in Canada Redefined
Attain a great score on your language assessment and increase your chances of admission to a Canadian university.
Watch the Webinar: Finding your first job in Canada
While the prospect of finding employment before arriving in Canada may seem overwhelming, we're here to help and provide useful tips that may help you along this journey.
Watch the Webinar: CAEL – Test Structure and Strategies to Help You Ace the Speaking Component
Link copied to clipboard