Quebec Entrepreneur Program

Quebec Entrepreneur Program

To be eligible for this program, you must meet the following requirements:

For part 1:

• Come and settle in Quebec to create and operate a business for which you will have received a service offer from a

business accelerator, a business incubator or a university entrepreneurship center. Your project may be carried out alone or with others, including a maximum of three foreign nationals applying for selection as a contractor for the same project.

• Present your business project in the form of a business plan.

For part 2:

• Come and settle in Quebec to create or acquire a business and operate it
• Make a start-up deposit and a security deposit with a financial institution with an establishment in Quebec and

with which you sign a deposit agreement:

o the start-up deposit will be used to carry out your business project and the amount required is lower if your company’s place of business is outside the territory of the Communauté métropolitaine de Montréal (CMM), ie 200,000 $ CA compared to the $ 300,000 CA required if the location of your business is in the territory of the CMM;
o the $ 200,000 CAD security deposit is an assurance that your business project will be realized. It will be awarded following the demonstration, on your part, of the realization of your business project.

• You must also have a minimum net worth of Cdn $ 900,000, if applicable, your spouse or common-law partner, whose legal origin and accumulation must be demonstrated.
• Present your business project in the form of a business plan.
• If you choose the creation option, you must hold and control at least 25% of the company’s equity. If you choose the

acquisition option, you must own and control at least 51% of the company’s equity.

• Your business must not engage in any of the following economic activities:

o Payday loans, cashing checks or pledge loans;
o Real estate development, real estate development or brokerage in real estate or insurance;
o Production, distribution or sale of pornographic or sexually explicit products or services related to the sex industry such as nude or erotic dance, escort services or erotic massages.

• Your business

o Must have been in operation for the five years preceding the date of submission of your application

Note that you cannot acquire an acquired business, in the five years preceding the submission of your selection application, by an immigrant who has been selected as a contractor through the program.

The evaluation of the application will also cover other factors and criteria, such as:
Your age
your education levels
your language skills in French and English
your financial independence
your stays in Quebec
your family in Quebec