A Quebec entrepreneur is defined as a foreign national with at least two years (within the five years preceding the submission of the application) of management and ownership experience in a lawful and profitable agricultural, industrial or commercial enterprise who creates, acquires or participates in the active management of a lawful and profitable agricultural, industrial or commercial enterprise that will immediately employ at least one full-time resident of Quebec (30 hours per week), other than the foreign national and his accompanying dependants (R21 (b)). The entrepreneur must control at least 25% of the shares of the new enterprise which must have a value of at least $100,000 CAD.
To qualify, an applicant must possess a personal net worth of at least $300,000 CAD acquired legally, and have sufficient settlement funding to cover the cost of the applicant’s first three months of living expenses in Quebec.
There are two important distinctions from the Investors Class. First, Entrepreneur Class applicant must establish and become active in the management of a qualifying Canadian business in Quebec. Approved applicants are therefore admitted to Canada under a conditional visa and must report regularly to immigration authorities. Applicants who do not fulfill their qualifying Canadian business conditions may be subjected to removal hearings which could lead to deportation of the applicant and family members. Second, applicants without qualifying business ownership experience cannot qualify. Senior managerial experience without ownership is ineligible.
Quebec Entrepreneur applicants must successfully defend a business plan during a selection interview which presented in general terms, outlines the feasibility and relevancy of the project to Quebec. The selection interview is typically preceded by a preliminary market visit to the province of Quebec by the applicant.
Once approved, the application proceeds to Federal security and medical verifications followed by visa issuance with mandatory terms and conditions, within an overall processing delay which can vary between 18-30 months.
In summary, to qualify, a successful Quebec Entrepreneur Class applicant will:
- Demonstrate a legally acquired personal net worth of at least $300,000 CAD;
- Demonstrate significant ownership and day to day senior management of a successful business for 2 years in the previous 5 years;
- Commit to investing a minimum of $100,000 CAD into establishing, purchasing or expanding a business or entering into a successful partnership, in which they will retain at least 25% ownership interest;
- Commit to creating at least one full time job for a Canadian citizen or permanent resident in Quebec;
Applicants are also evaluated according to various selection factors and must obtain a minimum number of points against a selection matrix based notably on their education, work experience, age, language proficiency, business plan, and ties to Quebec.
Every year, the government accepts a limited number of applications under the Entrepreneur category. (2014: 500 applications, including those under the Self-Employed category)
Complete our Free Assessment to determine whether you qualify for immigration to Canada as a Quebec Entrepreneur.