The Quebec Business Immigration programs allow foreign nationals to become permanent residents in Quebec. With these business immigration programs, the applicants can obtain PR by investing in the province in Quebec.
Quebec encourages interested investors, entrepreneurs, and self-employed persons to come to Quebec for work and residence. The Quebec Business Immigration programs help to fulfill the economic and demographic needs of the localities.
After the acceptance of the successful candidates, they are issued with a Certificate of Selection of Quebec (CSQ). Afterward, they become eligible to apply for permanent residence application. There are multiple business streams through which the candidates can become permanent residents. The Business Immigration Programs of Quebec are:
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Quebec Immigrant Investor Program (QIIP)
The Quebec Investor Program is typically for those investors who are experienced in their business. Along with experience, the candidates should be equipped be strong assets and personal net worth.
The applicants must be intended to invest their financial assets in the province so that the province gets benefitted from their investment.
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Requirements
The requirements for the business investors are as follows:
- Applying for the Quebec Investor Program requires the candidates to have strong assets, the net worth should be at least $2 million, and a capability of investing a minimum of $1,200,000 with a Quebec financial intermediary involved.
- Therefore, the candidates must demonstrate proof of their assets of a minimum of $2 million worth.
- The applicants should also be capable of demonstrating a successfully running business in their previous country or worldwide.
- The business experience must be at least two years.
- The experience of running a business should be In the past five years.
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Investment Options
There are two investment options from which the candidates can select either one.
- A deposit of $1,200,000 with the Government of Canada for a duration of 5 years with no interest. Or
- A non-refunding payment of $350,000 CAD.
Quebec Immigrant Entrepreneur Program (QEP)
The Quebec Entrepreneur Program (QEP) aims to attract experienced business people and entrepreneurs to Quebec who wish to become permanent residents. Moreover, this program also supports the economic needs and demographic needs of provinces.
The foreigners coming to Quebec must demonstrate their positive intention to operate a business in Quebec.
The Quebec Immigrant Entrepreneur Program (QEP) works under two streams:
- Stream 1: For those candidates who wish to incubate a new business in Quebec with the help of a business incubator or entrepreneurship center.
- Stream 2: The applicants who want to acquire an existing business, along with a 25% ownership.
Moreover, the candidates must provide a valid demonstration of acquirement of the net worth of $900,000 with or without their spouse.
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Quebec Immigrant Self-Employed Program
The Quebec Self-Employed Worker Program is for the self-employed persons who wish to live in Quebec by creating their own employment. For this program, the applicants should also demonstrate their financial assets, two years of related experience as a self-employed person.
This program aims to attract newcomers with experience in creating their own source of employment. The successful applicants are allowed to immigrate to Quebec.
By applying to this program, the applicants can also apply for a Certificat de sélection du Québec (CSQ – Québec selection certificate). After receiving a CSQ, the applicant becomes eligible to apply for permanent residence.
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Requirements
The requirements are required to meet the following requirements.
- The applicants must come to Quebec by creating their own job practicing a profession or trade
- The applicants must have net assets of at least $100,000 CAD
- Two years of experience as a self-employed worker in the related profession they wish to practice in Quebec
- The candidates should also meet the minimum points required for the Quebec Self-Employed Worker.
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General Requirements for Business Immigration Programs
All business candidates are also assessed based on various criteria. The most assessed factors are:
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Education
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Job experience
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Age
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Language competence
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Business strategy
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Investment
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Connection in Quebec
Candidates must also show that they want to live in Quebec.
The immigration authorities establish annual intake periods and numerical quotas. Territorial quotas are also relevant in the case of investors. Candidates who exhibit intermediate-advanced knowledge of French (by submitting French test results of level B2 in speaking and listening) can apply at any time and are not subject to any deadlines.
Interested in Quebec Immigration?
If you are interested to become a permanent resident of Canada by investing in Quebec, get in touch with us right away. We will highlight all the PR opportunities lying for you in Quebec.
All of our cases are handled by immigration specialists that are knowledgeable and experienced. Lawyers, qualified paralegals, and consultants are among these professionals. Are you ready to take the next footstep? Now is the time to schedule your one-on-one consultation or give us a call.
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