The Quebec Entrepreneur category grants qualified business owners and managers the opportunity to obtain a Permanent Resident Visa provided that they can effectively create or acquire an agricultural, commercial or industrial business in Quebec.
Note: This program is currently closed. The Quebec government proposed changes the Entrepreneur category, which would divide the category into two components under which potential candidates will be selected. Details about the changes were published on this CICNews article.
All Quebec Entrepreneurs are expected to meet the following requirements prior to their acceptance:
|Minimum Net Worth||Have legally acquired a minimum of CAD$300,000 in net worth, alone or with the help of their spouse or common-law partner in the event that the spouse or common-law partner is accompanying.|
|Business and/or Management Experience||Have acquired a minimum of two years work experience in business management (planning, supervision and control of human, physical and financial resources) over the course of five years prior to the submission of the candidate's application and controlled at least 25% of the capital equity. Must also have accumulated this work experience in a profitable business (agricultural, commercial or industrial enterprise) and in a position defined as full time.|
|Miscellaneous||Medical examination and a security background check.|
Entrepreneur applicants must submit a business project. This project is the key factor in the assessment of an application.
The government of Quebec states that Entrepreneur candidates who successfully pass the preliminary assessment of their application will be invited to an interview.
After arriving in Canada, successful applicants will be required to adhere to a number of conditions for at least one year during the three years after obtaining their permanent resident status. The applicant must:
- Successfully create or acquire an agricultural, commercial or industrial business in the province of Quebec;
- Control at least 25 per cent of the capital equity of that business, accounting for a minimum of CAD$100,000;
- Employ a Quebec resident in the business (other than the Entrepreneur or accompanying family members) in a position of at least 30 hours a week (note: the agricultural Entrepreneur is not bound to this obligation);
- Actively participate in the management of the business.