Quebec Business Immigration

If you are interested in investing in, starting a new business or buy an existing business in the province you can choose from one of the following programs:

  • Entrepreneur Program
  • Investor Program
  • Self-Employed Program
Entrepreneur Program

The program operates in two different streams, stream 1 and steam 2:

Stream 1

The first stream of this program is for foreign entrepreneurs who want to start and run a business in Quebec. The business project can be undertaken up to three of whom can be foreign nationals applying to the same immigration program.

In order to be eligible, applicants must have a Canadian equivalent of at least a secondary school general Diploma and the business must be supported by a service offer from a business accelerator, a business incubator or a university entrepreneurship centre. Definition of the types of organisations who can support is not strictly limited, but generally the following definitions should guide applicants:

  • Business Accelerator
    – An organisation with an establishment in Quebec that offers support services – mostly assistance seeking financing to entrepreneurs whose projects aim to grow innovative businesses
  • Business Incubator
    – An organisation with an establishment in Quebec that offers support services to entrepreneurs who seek to create innovative businesses
  • University Entrepreneurship Centre
    – An organisation administered by a university institution at the university level that provides coaching services to entrepreneurs

Each supporting organisation must demonstrate their ability to support the applicant and their business project by addressing the following elements:

  • Proposed Support Plan
    – List and description of services offered to the applicant
  • Operating Plan
    – Detailed budget of the service offer and the schedule of activities
  • Expertise as a Business Accelerator, Business Incubator or University Entrepreneurship Centre
    – Skills and Achievements related to the entrepreneur’s project

Entrepreneurs also need to obtain the passing score of 41 points under all factors in the Quebec Economic Class selection grid for stream 1.

Note: When an applicant applies for this stream, they must submit their application in the form of a business plan.

Stream 2

This stream is for entrepreneurs who wishes to create a new business or acquire an existing business and manage the business operations. As part of the application, applicants will need to make two financial deposits:

  • Security Deposit: CAD$200,000 serving as insurance that the business will be created
    – Deposit will be refunded when the business plan is carried out successfully
  • Start-up Deposit: CAD$300,000 if the business is created in Montreal and CAD$200,000 for business created outside of Montreal. This start up deposit must be used to set up the business.

To be eligible, all applicants must meet the following requirements:

  • Score at least 81 points under all factors in the Quebec Economic Class selection grid for stream 2
  • Have a net asset of at least CAD$900,000 (can include partner’s net worth)
  • If you are creating a new business, must own and manage at least 25% of its equity capital if you are creating a new business
  • If you are buying an existing business, you must own and manage at least 51% of its equity capital. The business must also have been operating for the last five years.
  • Business cannot be involved in payday loans, cheque cashing, pawnbroking, real estate development, real estate or insurance brokerage, production/distribution/sales of pornographic or sexually explicit products or services

Note: When an applicant applies for this stream, they must submit their application in the form of a business plan.

Important Notice

Quebec has now confirmed that they will remove the start-up and security deposit requirement under stream 2 for candidates with applications already in the steam. The new rules take effects as of 31 March 2021 following the publication of new regulations in the Official Quebec Gazette.

This removal of deposits totalling up to CAD$500,000 applies to applications received before 01 November 2020 which are yet to be processed. New applications are currently suspended until 01 November 2021.

Investor Program

Foreign investors who want to invest in a business in Quebec may be eligible for this program if they meet the following requirements:

  • Score at least 40 points under all factors in the Quebec Economic Class selection grid for the Investor Program
    – Cut-off score of 10 points for management experience and 25 points for investment are mandatory
  • Have a net asset of at least CAD$2 million. This amount cannot include amounts received by donation less than six months before application submission (can include partner’s net worth)
  • Have at least two years in the five years preceding the application of management experience in a legal farming, commercial, industrial business, legal business where there are at least two full-time employees (excluding the investor) or at an international or a government agency
  • Sign an agreement to invest CAD$1,200,000 with a financial intermediary (broker or trust company) authorised to participate in the Quebec Investor Program

Important Notice

For the Ministry of Immigration, Francisation and Integration (MIFI) to finalise the current revision, Quebec has added two more years to the suspension of the Investor Program, the program will not reopen before 01 April 2023.

Self-Employed Worker Program

Applicants who are over the age of 18 years old, completed Canadian equivalent of at least a secondary school general Diploma and have the intention and ability to become self-employed in Quebec can apply for this program if they meet the following requirements:

  • Score at least 35 points under all factors in the Quebec Economic Class selection grid for the Self-Employed Worker Program
  • Have at least two years of self-employed experience in the profession or trade they intend to practice in Quebec
  • Have a net asset of at least CAD$100,000 (can include partner’s net worth)
  • Make a start-up deposit of CAD$25,000 if you intend to practice outside of Montreal or CAD$50,000 if you intend to practice in Montreal

In addition to meeting the above minimum requirements, the Government of Quebec stated that the applicants must accept the following conditions:

  • Choose the means of work performance
  • Organise the work
  • Provide the required tools and equipment
  • Carry out most of the specialised duties
  • Collect the profits and support the loss risks resulting from the work

Important Notice

Between 01 November 2020 and 30 September 2021, Quebec announced that they will only accept 50 applications for this program. However, applicants who can demonstrate an intermediate-advanced knowledge of French language (Level B2 in speak and listening in French test results) can apply this program at any time and are not subject to any quota.

Kunal Thakur

Regulated Canadian Immigration Consultant R#519955

Kunal Thakur is a passionate Regulated Canadian Immigration Consultant (RCIC), holding close to two decades of immigration experience, during which he has successfully guided thousands of immigrants in their immigration journey. He is quick in responding to client queries and would always give his clients the right advice. Kunal also brings immense value in all his talks and discourses on immigration and when not in front of his laptop reading and analysing client cases he could be seen exploring new places and trying new things. Kunal is currently based in Adelaide, Australia. You can book a time with him here.

[email protected]

RCIC: R519955