The Quebec Entrepreneur Category for the MODERN AND INVENTIVE Business Person
This category consists of attracting talented candidates that have the knowledge and background to create an innovative business.
A new quota has been issued starting November 1st, 2019
There are two options to the Entrepreneur program:
Component or Option 1
This consists of an application for a Certificate of selection as an Entrepreneur that is supported by third parties such as an Enterprise Incubator, an Enterprise Accelerator or a University Entrepreneurship Center in Quebec.
The requirements for this component are as following:
- Receive an Offer of Service from an Enterprise Incubator or from an Enterprise Accelerator or from a University Entrepreneurship Center.
- Hold a secondary school certificate or higher
- Have a positively assessed business plan
- Obtain a minimum of 11 points at the preliminary level and a final score of 41 points from the Entrepreneur Selection Grid as enumerated in Schedule A
Component or Option 2
The requirements for this option are as following:
- Create a business of which the candidate will own at least 25% of the equity or purchase a 5-year old business from which the candidate will acquire at least 51% of the equity.
- Invest a minimum of $300,000 if the business will be located in the Montreal region or $200,000 if it is outside the Montreal region
- Manage the business on a full time basis
- Sign a performance guarantee for an amount of $200,000 or more with a financial institution in Canada until the project has been carried out
- Obtain a minimum of 51 points at the preliminary level and a passing score of 81 points at the final selection procedure as per Schedule A.
- Hold a secondary school certificate or higher
Quota
The Quebec government has limited the file intake to 25 candidates under option 1 and 35 candidates under option 2.
This program has been extended until September 30th 2020 or until the quota has been reached, whichever arrives first. Applicants with intermediate knowledge of French may apply at any time until October 31st 2020 even if the quota has been reached.
Bellemare & Vinet attorneys have extensive experience in representing candidates for the Entrepreneur category. They are fully recognized by both the Quebec and Canadian governments to represent you under this category.
You may complete our Business Evaluation Form and we will return to you soon with information on the procedure.
You may also read the requirements for the Quebec Investor Program.
Bellemare & Vinet Attorneys
Fully authorized by the Canadian and Quebec governments
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