Quebec announces new quotas, application dates for business immigration programs

Stephen Smith
Published: August 1, 2018

Pour lire cet article en français, cliquez ici.

The province of Quebec has announced the new quotas and application intake periods for its Investor, Entrepreneur and Self-Employed Worker immigration programs.

The Quebec Immigrant Investor Program will open from September 10, 2018, to March 15, 2019, to 1,500 applications. This number includes a quota of 1,235 applications from entrepreneurs in China.

Interested investors who can provide Quebec government-approved test results showing an advanced intermediate proficiency in French are exempt from the quota and application time frame.

Among other criteria, applications to the Quebec Investor Program will have to meet the revised net assets and investment thresholds of CAD $2 million and CAD $1.2 million, respectively, that come into effect August 2.

The previous requirements were net assets of CAD $1.6 million and an investment of CAD $800,000.

Entrepreneur Program

Quebec will accept 25 applications through the new Component One of its Entrepreneur Program and another 35 applications through Component Two between August 15, 2018, and March 31, 2019.

The criteria for the new components come into effect August 2.

Interested entrepreneurs who can provide Quebec government-approved test results showing an advanced intermediate proficiency in French are exempt from the quota and application time frame.

Component One is focused on startups supported by a business incubator / accelerator or university and Component Two is dedicated to owner-funded and operated businesses.

Under Component One, Quebec’s Immigration Ministry (MIDI) will consider entrepreneurs who, among other criteria:

  • Have a passing score under Quebec’s Economic Class selection grid.
  • Settle in Quebec 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.

Component Two focuses on the operation of an enterprise that the immigrant entrepreneur creates or acquires.

Among other criteria, a foreign entrepreneur applying under this component is required to:

  • Hold and control, alone or with the accompanying spouse or de facto spouse, at least 25 per cent of the equity of the enterprise he or she creates or at least 51 per cent 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;
  • Manage the enterprise himself or herself or participate actively as an associate in the management and daily operations of the enterprise;
  • Provide a start-up deposit of $300,000 if the candidate wants to settle the business in Montreal and $200,000 if the candidate wants to settle the business outside the metropolitan region of Montreal;
  • Obtain a passing score under the Entrepreneur program selection grid;
  • Have at least financial resources of $900,000.

A key change between Component Two and the Entrepreneur program's former requirements is candidates will now have to pay a performance guarantee deposit of $200,000 that is refundable if certain conditions are met.

Self-Employed Worker

Quebec will accept 50 applications through its Self-Employed Worker Program between August 15, 2018, and March 31, 2019.

Interested applicants who can provide Quebec government-approved test results showing an advanced intermediate proficiency in French are exempt from the quota and application time frame.

As of August 2, candidates accepted through the program will be required to have a minimum of CAD$100,000 in net worth.

Candidates who will be based in Montreal also will have to register a start-up deposit of $50,000 or more at a local financial institution, among other requirements.

The start-up deposit for candidates based in regions outside of Montreal must be at least $25,000.

To find out if you are eligible for any Canadian business immigration programs,
fill out a free assessment.

© 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
Quebec extends suspension of low-wage LMIAs in Montreal, adds Laval
A picturesque winter landscape in Laval, Quebec.
Quebec announces cap on international student applications
Students walk on a pathway outside a historic university building
Canadian university launches institute to study migration and improve outcomes for newcomers
Notes compared between a graph on a tablet and information on a piece of paper.
Quebec changes eligibility requirements for the PEQ Graduates stream
A mass of students in front of a building on Quebec's McGill University campus
Top Stories
Alberta invites candidates for provincial immigration
Sault Ste Marie and Brandon announce priority sectors for new permanent residence pathway
Factors that can complicate your citizenship application, and how to deal with them
Join our free newsletter. Get Canada's top immigration stories delivered to your inbox.
Subscribe
More in Citizenship
Factors that can complicate your citizenship application, and how to deal with them
A young family at their citizenship ceremony, with three Canadian mounties there to greet them.
Federal government raises Canadian citizenship fees
A Canadian flag billowing in the wind, with the city Vancouver visible in the background.
Deadline extended for changes to Canadian citizenship by descent
A mother and father holding their young child out in nature.
Canada announces measures to grant citizenship to lost Canadians affected by first-generation limit
A group of people in Canada celebrating Canada day.
Link copied to clipboard