Quebec Immigrant Investor Program

Updated on March 2018 by the province of Quebec, the Quebec Immigrant Investor Program has a few primary eligibility requirements:

The Primary Applicant

• With or without the accompanying spouse should have a minimum net worth of 2,000,000 CAD. Donations received within six months of filing the application is not included in the calculation. Proving that money was legally required is also an important step.
• Must invest 1.2 million CAD for 5 years with the Authorized Quebec Investment Fund which is going to be government guaranteed and will receive 0% interest.
• Should demonstrate a minimum of two years of direct management experience as an owner or a high-level manager in a company. This experience should be relevant to main business management functions like finance, human resources, sales etc.
• Should obtain an attestation of learning about the Values of Quebec and must show and commit an intent to live in the province of Quebec with your dependants (if any).

Quebec Immigrant Entrepreneur Program

The Quebec Immigrant Entrepreneur Program was intended to summon skilled and experienced applicants to operate a business in Quebec. This program was also updated in 2018 and has two main streams:

Stream 1

In this stream, you:

• Must build and operate a business in the province of Quebec for which you have receive a job offer from an incubator, business accelerator or a University Entrepreneurship center. This business project can be carried alone or with a maximum of four total foreign nationals who have applied under the same business.
• Should obtain an attestation of learning about the Values of Quebec and must show and commit an intent to live in the province of Quebec with your dependants (if any).

Stream 2

In this stream, you:

• Must demonstrate a net worth of minimum 900,000 CAD with or without your spouse. This money should be legally obtained and this fact must be proven.
• Must make a combination of start-up and security deposit at a financial institution in Quebec. The start-up deposit is used to set up your business whereas the security deposit is an insurance which gets refunded once the business is created.

Start-Up Deposit Amount:

• $200,000 (For setting up the business outside Montreal Metropolitan area)
• $300,000 (For setting up the business inside the Montreal Metropolitan area)

Security Deposit Amount:

$200,000 (Refundable after the business is set-up)

• Must control more than 50% of equity capital if the business is acquired or;
• Must control minimum 25% of equity capital if the business is created.

 

Quebec Immigrant Self-Employed Program

In this stream, you:

• Must make a start-up deposit at a financial institution in Quebec. The start-up deposit is used to set up your self-employment and the deposit amount is:
  • $25,000 (For setting up the business outside Montreal Metropolitan area)
  • $50,000 (For setting up the business inside Montreal Metropolitan area)
• Must have a minimum of two years of self-employment experience in the intended profession.
• Must demonstrate a net worth of minimum 100,000 CAD with or without your spouse. This money should be legally obtained and this fact must be proven

Apart from these main requirements, other eligibility criteria like age, language proficiency, education also take part in deciding your eligibility.

To apply for LMIA Owner-Operator Program this program or to learn more: