Quebec is one of Canada's most developed provinces and has several streams of programs to help applicants go from work-permit to permanent residence to citizenship in Canada. Programs specific to Quebec have a two-level process:
Quebec provides the advantage of choosing from three routes to attaining a permanent residence:
Stream 1. | Stream 2 (Temporarily Closed) |
---|---|
1. Establish a business in Quebec. | 1. Establish or acquire and manage a business in Quebec. |
2. Get a Service Offer Letter from a business accelerator, business incubator, or university entrepreneurship center. | 2. Have a net worth of at least CAD 900,000 on a standalone basis or in conjunction with the spouse. |
3. Have a team of a maximum of 4 cofounders. | 3. Create a security deposit of at least CAD 300,000 for businesses being established in the Montreal Metropolitan Community area and CAD 200,000 for businesses being established outside it. |
4. Submit your business plan./td> | 4. Submit a business plan. |
5. Provide an attestation letter by a stipulated deadline showing your successful completion of training on democratic values and Quebec values as expressed in the Charter of Human Rights and Freedoms. | 5. Provide an attestation letter by a stipulated deadline showing your successful completion of training on democratic values and Quebec values as expressed in the Charter of Human Rights and Freedoms. |
6. Have at least 25% stake in a newlycreated business and at least 51% stake in an acquired business. | |
7. The business must not be operating in industries like real-estate development, insurance brokerage, payday loans, pawning, liquidating cheques, creating, providing, or distributing products & services related to the adult industry. | |
8. Have an established relationship with a Quebec-based financial institution as defined in the Bank Act, a financial services cooperative, or a member-firm of the Canada Deposit Insurance Corporation. |
Unlike the Federal Startup Visa program, Quebec Entrepreneur Program Stream 1 does not have a designated list of incubators, accelerators, or university entrepreneurship centers. Instead, it provides the roles and requirements that these organizations have to fulfill to make your application eligible. Along with satisfying the below-mentioned roles, the organization must provide a support plan (which shows all the services it will provide throughout the business project's lifecycle), an operational plan (which shows the schedule and budget for the services it will offer), and proof of tangible expertise in the given area (business incubation, acceleration, or entrepreneurship at a university).
While the Quebec government’s website does not explicitly state the requirement of French proficiency to be eligible for the aforementioned programs, it would be safe to assume that have demonstrated linguistic ability in French will provide more points and increase the chances of acceptance. Here are the only tests acceptable for the same:
Montreal has one of the largest economies in Canada alongside Toronto, Vancouver, and Calgary. Most applicants of the Quebec Programs get to tap into the markets based in Montreal.
Quebec Programs have relatively lower net-worth-based criteria for several programs and explicitly consider both standalone net-worth and combined networth of spouses.
If one is focused entirely on the Quebec-based market opportunities, it makes sense to apply for one of the three listed programs as the applicant pool is relatively smaller compared to the federal application process.
At large, most of the Quebec Programs have less stringent criteria. For instance, the Entrepreneur Program Stream 1 states the roles of business incubators, accelerators, and university entrepreneurship centers but does not limit the applicant's opportunity set with a dedicated list of organizations.
Stream 1. | Stream 2 (Temporarily Closed) |
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1. Create a business plan that will be acceptable to a set of investors, service providers, and Quebec authorities. | 1. Decide whether one wants to establish or acquire a business. |
2. Get accepted at a business accelerator, business incubator, or university entrepreneurship center and attain a letter of service offer from the body. | 2. For establishing a business, complete the entire documentation process as necessary. For acquiring the business, a contingent 51% ownership transfer might be acceptable. |
3.Start the documentation process with the Quebec authorities. | 3. Deposit CAD 200,000 with a registered financial institution in the respective jurisdiction. |
4.Get an attestation of having learned the democratic values and Quebec values as expressed in the Charter of Human Rights and Freedoms within the stipulated deadline. | 4. Begin the documentation process, including proof of net-worth exceeding CAD 900,000, and the business has run for over 5 years prior to the date of application. |
5. If selected, receive the CSQ. | 5. Get an attestation of having learned the democratic values and Quebec values as expressed in the Charter of Human Rights and Freedoms within the stipulated deadline |
Initiate the federal documentation process. | 6. If selected, receive the CSQ. |
7. Start the documentation for the federal process. |
While the program is temporarily suspended when it was operational, the entire process took anywhere between 12 to 44 months, depending on the applicant's country of origin.
The program is not meant for startups can be considerably challenging since new companies will often require seed capital and growth equity funding while carrying considerable risk till a product-market fit is attained. The Startup Visa Program is hence more suitable for such endeavors.
The entire process is completed within 24 months from the date of application.
The grading requirements vary as per the test taken and the program. Here are the third-party tests accepted by the Canadian government.
Yes. If the business or professional practice is yet to come into full operation and is still in its initial stages of establishment, the applicant can use it for her/his/their application under one of these programs.
The CSQ does not provide any inherent freedom to the applicant. It is a mandatory step required for the applicant to showcase that her/his/their application has been accepted by the Ministry of Immigration, Francisation, and Integration in Quebec and is ready for the federal process. An applicant cannot directly enter Canada with the CSQ.
These are the primary factors that go into deciding acceptance or rejection of an application:
Our team of experts can help you examine your profile to determine the gaps and subsequently identify the optimal program. Since the application process can take several months, it is critical to select the right program instead of going ahead with the wrong one and facing rejection. Our team ensures you only go for the programs where you stand to get accepted with a high probability.
Our business plans are optimized as per the formats generally required by such institutions. While there are no assurances included in the process, our team works directly with several designated organizations. It is equipped with the necessary perspective to examine and optimize the business plan as an institution will.
Our business plans are reviewed by a team of experts with several decades of investing, operating, scaling, and exiting businesses. This added perspective provides a soundboard for testing and fixing business plans before you present them to capital allocators.
Our team of consultants, advisors, and experts brings decades of experience in having crafted the business plans that get accepted by government authorities.
We have one of the most comprehensive databases of service-providers and designated organizations to give you a seamless introduction to each of these institutions.
We are equipped to provide consulting and advisory services throughout the lifecycle of your business or professional practice, driven by our teams’ years of experience in operating and scaling ventures.
Launch Immigration has access to a comprehensive global network of seasoned investors and business operators who will provide you with on-demand mentoring and coaching whenever necessary.
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