Entrepreneur Program

Entrepreneur Program

Looking for an entrepreneur program for setting up a business or buying an existing one in Quebec? This stream helps foreign immigrants who want to settle in Quebec as business owners to get a quick and easy permanent residence.

Where to Apply?

Apply under one of the following streams and meet its terms:

Stream 1

  • Firstly, have received a service offer from a business accelerator or incubator or a university entrepreneurship centre, to settle, set up and run a business in Quebec.
  • Secondly, submit a business plan and a service offer.
  • Also, have an attestation of learning about democratic values and the Québec values.

Stream 2

  • Settle, set up or buy and run a business in Quebec.
  • Make a startup and security deposit at a financial institution with a Quebec establishment. With whom the applicant has signed a deposit agreement.
  • Also, a startup deposit is an amount that is used to set up a business in Quebec.
    • If setting up business outside the Montréal metropolitan area (CMM) the Deposit amount must be below CAD $200,000.
    • If setting up a business in the Montréal metropolitan area (CMM) the Deposit amount must be CAD $300,000.
  • Must have a legal net worth of CAD $900,000, either alone or with the spouse or de facto spouse.
  • Submit a business plan.
  • Have an attestation of learning about democratic values and the Québec values.
  • If setting up a business, the applicant must have a minimum equity capital share of 25%. Similarly, if buying a business, the applicant must own and control a minimum of 51% of share capital equity.
  • Also, the business must not be in the following:
    • Payday loans, cheque cashing, or pawnbroking
    • Real estate development or real estate or insurance brokerage
    • Production, distribution, or sale of pornographic or sexually explicit products or offering services that are erotic.
  • In addition, the business must have been running for a minimum of 5 years before applying to the program.

Besides, an applicant can not buy a business 5 years before applying to the program from a past applicant who has been selected as an entrepreneur under this program.

Application Assessment

Moreover, all applications under this program are assessed as per the factors such as:

  • Age
  • Education Level
  • English and French Language Skill Level
  • Funds to support/settle
  • Visits to Quebec
  • Quebec connection – Family in the province