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Quebec Immigrant Investor Program
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Quebec Business Immigration Programs
Quebec Immigrant Investor
Quebec Business Immigration: The French-speaking province in Eastern Canada is a dominant economic player within the country. Foreign businessmen and investors always keep an eye on this province for business migration to Canada through Quebec. It attracts a large amount of Foreign Direct Investment (FDI) making it a popular destination to invest. The city’s economy is primarily driven by transportation, tourism, service sector and defence.
The uniqueness of the Quebec province lies in its exclusive immigration and visa procedures in choosing the immigrants without any dependency on the Federal Government of Canada.
- Excellent business atmosphere with numerous opportunities to expand and invest
- Access to a huge market comprising of 130 million customers and a thriving North American market
- Trained and skilled youth to employ for the businesses
- Less operational expenses as labour, energy and commercial construction are available at competitive rates
- Integrated connection and networking system to stay connected with the global world and business to reach different parts of the world
- Lowest tax rates on corporate profits in the entire North America
- Quebec’s government is supportive of businesses and offers plans to the small and medium business to thrive and grow
- Diversified, dynamic, modern and outward-looking economy, represents 19.65% of the total economy of Canada
- Manufacturing and service sector dominates the economy. The major exports include aluminium, airplanes, paper, copper and alloys
- Quebec gets more out of its residents as compared to any other big province because it has given women the flexibility they need to be mothers and economic drivers at the same time
- More than 200 industrial parks that offer encouraging business environment, wide range of services and favourable as well as profitable conditions for business settlement
- Financial support from government for business start-up and expansion, export, design, innovation, research and development and technical support and guidance for business plan development, site selection, prospecting and partnerships
The Three Quebec Business Immigration Options
There are three immigration programs for Quebec that you can check if you are eligible for to migrate to Quebec –
- Quebec Entrepreneur Program – If you are interested in coming to Quebec to establish or acquire a business
- Quebec Immigrant Investor Program – If you want to migrate to Quebec to participate in its economic development by making an investment
- Quebec Self-employed Worker Program – If you want to come to Quebec and create your own job as a self-employed professional or tradesperson
Quebec Business Immigration Programs Process
Before you head on to apply for any of the business immigration programs of Quebec, make sure you have understood the program and immigration rules and procedures.
Step 1: Preparation of the Application
The application must include the duly completed application form, schedule (for entrepreneurs only), declaration duly signed as required, narrative document and other documents in case of spouse and dependents, legible supporting documents and payment of the fee required.
Step 2: Assessment of the Application
When your file is opened, you will receive a letter with an annexure on information regarding the attestation of learning about democratic values and the Québec values. Once the processing of your application has begun, you will be sent an e-mail that would invite you to provide your attestation of learning about democratic values and the Québec values.
Step 3: Assessment/ Interview wherever applicable
Pertaining to the program that has been opted for, specific factors are to be taken care of because that would be the primary assessing points–
- For Investor candidate – intention to settle in Quebec, managerial experience, investment agreement, net assets and proof of their source and lawful acquisition
- For Entrepreneur/Self-Employed Worker candidate – level of education, language skills, stays in Quebec, presence of family members in Quebec, financial self-sufficiency, net assets and proof of their source and lawful acquisition, professional experience in the field where you wish to create your job in Quebec.
In addition to this, you may be asked for additional documents or an interview session to complete the assessment process.
Step 4: Outcome of the assessment
Based upon the review of your application, the counsellor may accept or reject your application. If accepted,
- Self-employed worker and entrepreneur candidates will receive Certificat de sélection du Québec (CSQ – Québec Selection Certificate) by mail, while,
- Investor Candidates will receive a notice of intent for permanent selection after which you will have to make a C$1.2 million investment within 110 days. Following receipt of confirmation of your investment, Certificat de sélection du Québec (Quebec Selection Certificate) will be issued by mail.
Quebec Business Immigration Programs Eligibility Requirements
Quebec Entrepreneur Program
Stream 1
- Settle in Quebec to create and operate a business for which a service offer from a business accelerator or incubator or a university entrepreneurship centre is to be received already.
- Present your business project as a business plan along with a service offer.
- Obtain an attestation of learning about democratic values and the Québec values within the prescribed deadline.
Stream 2
- Settle in Quebec to settle / acquire and operate a business
- Make a start-up deposit at a financial institution with an establishment in Québec:
- CAD $300,000 if you have to set up business in Montréal metropolitan area
- CAD $200,000 for outside the Montréal metropolitan area
- A security deposit of CAD $200,000 is required as an insurance, which will be refunded once the business plan has been carried out.
- Minimum net worth of CAD $900,000, alone or with your spouse or de facto spouse
- Present your business project as a business plan
- For creating a business, 25% of its equity capital has to be owned and controlled by you and in case of acquisition, this has to be 51% of the equity capital.
- The business has to be operational during the five years prior to your date of application
Quebec Immigrant Investor Program (Currently suspended for fresh applications):
- Legally acquired net assets of at least CAD $ 2,000,000 of yourself or accompanying spouse or de facto spouse. The amount excludes any money received in the name of donation less than six months before the application is submitted.
- Management experience of least two years in the five years prior to the application for selection.
- Intention to settle in Quebec
- Signed investment agreement with a financial intermediary (broker or trust company) authorized to participate in the Investor Program
- A five-year term investment of C$1,200,000 with Investissement Québec – Immigrants Investisseurs Inc.
- Alternatively, this five-year term investment can be financed by an authorised financial intermediary. Check with our office on likely costs, once the program opens.
- Obtain an attestation of learning about democratic values and the Québec values within the prescribed deadline. Any person accompanying you must also obtain the attestation, provided spouse is 16 years and above and children 18 years of age and above.
Quebec Self-Employed Worker Program
- Settle in Quebec to practice a profession / business activity alone or with others with / without paid help
- CAD $50,000 as a start – up deposit if you intend to practice your trade or profession in the Montréal Metropolitan Community(MMC) and CAD $25,000 deposit outside MMC
- Minimum net assets of C$100,000 in conjunction, if applicable, with your accompanying spouse or de facto spouse with the proof that it is acquired lawfully
- At least two years of experience as a self-employed worker in the profession or trade you intend to practise in Québec
- Obtain an attestation of learning about democratic values and the Québec values within the prescribed deadline. Any person accompanying you must also obtain the attestation, provided spouse is 16 years and above and children 18 years of age and above.
Quebec Business Immigration Programs Processing Time And Fees
Quebec Investor Program – The principal has to pay a fee of CAD $15,763 charged by the Quebec Government for processing immigration applications under this category. There is no specific timeline for the applications to be processed as they are dependent on numerous factors like volume, country from which the application has been received and the international context.
Quebec Entrepreneurs / Self-Employed Workers – The principal has to pay a fee of CAD $1, 099 charged by the Quebec Government for processing immigration applications under this category. The fee would be CAD $174 for Spouse or de facto spouse and CAD $174 for each dependent child. There is no specific timeline for the applications to be processed as they are dependent on numerous factors like volume, country from which the application has been received and the international context.
Abhinav: India’s Most qualified Immigration Consultant for Entrepreneurs, Investors and HNI’s
- Only Immigration specialist having an expert team and experience in dealing with business and investor applications for almost 2 decades. This is highly demanding, high risk category of Immigration.
- Profile Assessment to identify the right country and program, viz. Residency by Investment or Citizenship by investment or Entrepreneur programs.
- Special advice for dependent/non-dependent children and parents.
- Special advice for clients having limitations of staying outside India for long.
- Documentation Guidance critical to acceptance including all important area of source and path of funds, business and personal net worth.
- Professional Business Plan Drafting.
- Market Research vis-à-vis Business for Sales listings and Start-up ideas.
- Online IELTS Coaching.
- Overseas Company Incorporation.
- Taxation planning and advice.
- Planning and coordinating Exploratory Visits with active assistance from Local associates.
- Start-up Guidance and coordination vis-à-vis Incubators, Angel Investors and Venture Capitalists.
- Application Process through licensed Immigration consultants/Attorneys.
- Turnkey services
- Concierge services for Premium clients
Fulfill your Canada Immigration Dreams with us, pick up your phone and dial (+91) 859 533 8595 for immediate free counselling or write to [email protected] for assistance on Business Immigration.
