Entrepreneurship Program in Quebec

Entrepreneurship Program in Quebec Overview

A Quebec entrepreneur applicant is a foreign national who comes to Quebec to either start a business on his own or with partners, or to buy an existing business in the province.

An entrepreneur can apply for a Certificate of Selection of Quebec (CSQ) in one of the two ways:

Stream 1: Candidates who have received help from a business accelerator, a business incubator, or a university entrepreneurship center and want to launch and operate a firm in Quebec are eligible to apply.

  • The candidate can start the company on his or her own or with partners.
  • The partners can be Canadians or foreign nationals, but they are limited to three.

 

Stream 2:

This stream comprises running a company that the entrepreneur started or bought. In order to qualify for this stream, the entrepreneur must own at least 25% of the shares in a new company or at least 51% of an acquired company, with a value equal to or more than the cash required to establish the business.

The individual must also be able to run the company or actively participate in its day-to-day operations.

The nominee must also show that they have legally acquired a net worth of $900,000, either alone or with their spouse.

The acquired firm must have been in operation for at least 5 years prior to the application deadline, and it cannot have been operated by a previous entrepreneur candidate during that time.

 

The following industries are not accepted:

  • Salary loans, check cashing loans, and pledge loans.
  • Real estate development, real estate brokerage, or insurance brokerage;
  • Nude or erotic dance, escort services, or erotic massages are examples of pornographic or sexually explicit products or services associated to the sex business that are produced, distributed, or sold.

 

Additional requirements for qualification:

  • The business plan structure must be used to present the project.
  • Applicants in both streams are assessed based on a variety of criteria and must achieve a minimum score based on their education, work experience, age, language competence, business plan, and ties to Quebec.

What distinguishes this program from the Investor Program?

There are two significant differences between the Investors Class and the Entrepreneurs Class.

  1. Entrepreneur Class applicants must establish a qualifying Canadian business in Quebec and become actively involved in its management. As a result, approved candidates are permitted to Canada on a conditional visa and must report to immigration authorities on a regular basis. Applicants who do not meet their qualifying Canadian business conditions may face removal hearings, which could result in the applicant and his or her family being deported.
  2. Unlike investor candidates, Entrepreneur program applicants are not required to participate in a no-interest, five-year term deposit with the provincial government.

Quebec's Application Procedure

Work experience must be full-time and skilled to qualify. 30 hours per week is considered “full-time.” Part-time work will be handled on a case-by-case basis. Six months in a part-time skilled job at 15 hours per week, for example, will count as three months toward the minimum 12. To meet the experience requirement, you might work many part-time jobs at the same time.

 

Any employment experience gained in Canada without a valid work permit will be disregarded. Periods of self-employment or work experience earned while the candidate was enrolled in a full-time education program will not be considered.

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