Tailored for foreign business owners, the Quebec Startup Visa Program, also known as the Entrepreneur Program, serves as a distinct Canadian immigration avenue designed to foster entrepreneurial endeavors within Quebec. Offering a compelling opportunity for foreign entrepreneurs possessing requisite financial resources, business acumen, and innovative concepts, this program facilitates the pursuit of new ventures within the province. Moreover, it provides a pathway to secure permanent Canadian residency for eligible candidates who demonstrate success in their entrepreneurial endeavors.

Exploring the Benefits of Investing in Quebec

Quebec’s allure as an investment destination extends far beyond its picturesque landscapes and vibrant culture. With its robust economy, strategic location, and commitment to innovation, the province presents a compelling opportunity for entrepreneurs and businesses alike. In this exploration, we delve into the various facets that make Quebec an attractive choice for investment, examining its economic stability, strategic advantages, innovation ecosystem, workforce competitiveness, focus on clean energy and favorable tax climate.

1. Economic Stability

Quebec stands as a beacon of economic stability, bolstered by its pioneering role as the site of Canada's inaugural foreign trade zone. This distinction has attracted a plethora of investors and businesses seeking access to global markets, underpinning Quebec's position as a key player in international trade.

2. Strategic Advantages

Situated at the heart of Canada, Quebec enjoys a strategic location that provides unparalleled access to major markets in North America and Europe. Its well-developed transportation infrastructure, encompassing ports, highways, and airports, further enhances its connectivity and attractiveness to businesses looking to establish a presence in the region.

3. Innovation Ecosystem

Quebec's reputation as an innovation powerhouse is well-deserved, with thriving clusters in sectors such as pharmaceuticals, aerospace, and robotics. The province's commitment to fostering innovation is evident in its support for research and development initiatives, making it an ideal environment for businesses seeking to drive cutting-edge solutions.

4. Workforce Competitiveness

Quebec boasts a diverse and highly competitive workforce renowned for its creativity and adaptability. From traditional industries to high-tech sectors, the province's workforce is equipped with the skills and expertise necessary to propel businesses forward in an ever-evolving global landscape.

5. Focus on Clean Energy

As the home to top-tier hydroelectric power plants, Quebec has positioned itself as a leader in clean and renewable energy. Embracing sustainable practices across various industrial sectors, the province is committed to reducing its carbon footprint and mitigating environmental impact.

6. Favorable Tax Climate

One of Quebec's most appealing attributes is its favorable tax climate, boasting one of the lowest tax rates globally. This competitive advantage not only attracts businesses but also fosters a conducive environment for investment and growth.

In conclusion, investing in Quebec offers a myriad of benefits for entrepreneurs and businesses seeking to thrive in today's competitive marketplace. From its economic stability and strategic advantages to its innovation ecosystem and focus on clean energy, the province provides a fertile ground for growth and prosperity. Coupled with its favorable tax climate and competitive workforce, Quebec emerges as a premier destination for investment, poised to unlock limitless opportunities for success.

Investment Opportunities in Quebec's Major Industries

Quebec's vast landscape harbors a wealth of natural resources, complemented by a skilled and innovative workforce, and nurtures a culture of creativity essential for driving thriving industries within a globally interconnected economy.

Aerospace

Renowned as one of the world's top three aerospace capitals, Quebec boasts major technical centers and world-class equipment manufacturers within the industry. Its strategic position and cutting-edge facilities make it a prime destination for aerospace investment.

Agri-Food Industry

As a significant agricultural leader, Quebec annually exports food products exceeding $8 billion. The region's abundance of resources, coupled with a skilled and diverse labor force, fosters an environment conducive to top-tier agri-food businesses.

Aluminum Industry

Internationally prominent in the aluminum sector, Quebec ranks as the fourth largest primary aluminum producer globally. Prioritizing sustainability and environmental stewardship, the province caters to high-potential industries while maintaining a commitment to responsible production practices.

Information and Communication Technology (ICT)

At the forefront of technological innovation, Quebec's thriving ICT sector drives advancements in artificial intelligence and deep learning. Experience a convergence of creativity and innovation within Quebec's dynamic ICT landscape.

Life Sciences

Boasting highly attractive tax credits, Quebec's robust life sciences sector attracts a diverse community of businesses, including renowned international pharmaceutical leaders and burgeoning local biotech enterprises gaining global recognition.

Multimedia

Quebec's digital entertainment sector has produced numerous acclaimed games enjoyed by a global audience, exemplified by titles like Deus Ex, the Assassin’s Creed series, and Call of Duty. These creations underscore the region's abundant talent, creativity, and technological innovation.

Investment in Quebec's major industries promises not only financial returns but also opportunities to contribute to and benefit from the province's vibrant and dynamic economic ecosystem.

Key Eligibility Requirements for the Startup Visa Program

  1. Express Entry Not Required: Applicants are not obliged to go through the Express Entry system.
  2. No Job Offer Required: Unlike some immigration pathways, a job offer is not a prerequisite.
  3. Language Proficiency: A minimum Canadian Language Benchmark (CLB) Level 5 in English or French (or higher) is necessary.
  4. Level of Education: Applicants must hold a post-secondary degree acquired within the past ten years, with an Educational Credential Assessment (ECA) mandated.
  5. Work Experience: A minimum of six months of experience as a business owner or manager is required.
  6. Investment Support: Evidence of support from a venture capital fund, angel investor, or business incubator is essential.
  7. Voting Rights: Applicants must hold a minimum of 10% voting rights attached to all shares of the company.
  8. Settlement Funds: Demonstrating sufficient funds to sustain oneself and any dependents is mandatory.

Quebec Entrepreneur Program

The Quebec Entrepreneur Program is tailored for immigrant managers aspiring to establish a new venture or take over and manage an existing business within the province of Quebec. Successful candidates are granted the opportunity to immigrate to Quebec and pursue their entrepreneurial endeavors.

Candidates are required to oversee the business’s activities under one of the following project categories:

  1. Innovative Company
  2. Business Startup
  3. Business Takeover

Stream 1:

To qualify, candidates must be Quebec residents and establish a business endorsed by a service provided by a business accelerator, business incubator, or university entrepreneurship center. These entities offer vital support services for entrepreneurs, particularly in securing funding for innovative business projects.

  • Business Accelerator: Quebec-based organizations offering support services, with a focus on securing funding for projects centered on innovative business development.
    Business Incubator: Organizations in Quebec providing support services for entrepreneurs aiming to establish innovative businesses.
  • University Entrepreneurship Center: Centers operated by Quebec university institutions offering coaching services for entrepreneurs.

Candidates must submit a comprehensive business plan and fulfill all specified eligibility criteria listed on the website of the Ministère de l’Immigration, de la Diversité et de l’Inclusion du Québec (MIDI).

Stream 2:

Candidates residing in Quebec seeking to establish a new enterprise or acquire an existing one are eligible for this program. Approved candidates must submit two financial payments as part of their application process:

  1. Security Deposit: A refundable security deposit of CAD $200,000 to ensure business establishment, returned upon successful plan implementation.
  2. Startup Fund: CAD $300,000 for enterprises in Montreal, and CAD $200,000 for those outside Montreal.

Eligibility Criteria:

Applicants must meet specific eligibility criteria, including:

  • Possession of at least CAD 900,000 in legitimate net assets, including jointly held assets with a spouse or common-law partner.
  • Submission of a comprehensive business plan.
  • For starting a new business, candidates must maintain ownership and control over at least 25% of the equity capital, while acquiring an existing business requires ownership and control over at least 51% of the equity capital.

Prohibited Activities:

Business activities such as payday loans, cheque cashing, pawnbroking, real estate development, real estate or insurance brokerage, or production/distribution/sales of pornographic or sexually explicit materials or services are prohibited.

Operational Business:

In cases of business acquisition, the business must have been operational within the five years preceding the application.