Alberta To Launch Two New Immigration Streams For Startups and Entrepreneurs
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About the Program
The Quebec immigration business stream invites the like-minded, eligible business people, entrepreneurs and senior-level managers who can afford to establish a profitable business that could contribute to the societal and economic upliftment of the province.
Once the applicant has provided their basic details regarding business establishment will receive a letter of selection in return “Certification of Selection of Quebec (CSQ)” to proceed further with the permanent residence visa application process. The Quebec province will intake business people under various streams depending upon their suitability.
Quebec Investor Immigration Program
Quebec province encourages interested and eligible investors to fund a business in their province and it requires an individual or a team to carry on with certain basic eligibility criteria:
The applicant must have a minimum net worth of $2 million which is a legally earned one by running a business or working as a senior manager or as a top-management executive under any organization.
Must have owned and operated a business actively for at least two years in the last five years.
OR
Must have been in a top management position and actively contributing to an organization’s growth for at least two years in the last five years time.
The applicant needs to invest $1.2 million as a passive investment under government investment funding scheme for a period of five years without receiving any interest.
Quebec Immigrant Entrepreneur Program
The province of Quebec aims to find the right talent under this scheme who can take up and operate their business and highly contribute to its growth with their technical and business knowledge. Establishing a business under this stream can be widely classified int two approaches
An entrepreneur who gets guided by a business accelerator and funded by a business investor or any university entrepreneurship centre.
The second approach involves in creating or buying an enterprise, where the entrepreneur needs to take charge or control 25% of business operations if it is a new organization or 51% if it is a running one.
The candidate who is about to apply or applying under this stream must provide relevant proofs stating that they have 9,00,000 CAD as a legally earned net worth.
The candidate needs to invest a certain amount from their side in the operating business they undertake and it ranges 2,00,000 CAD when it is operated outside Montreal and 3,00,000 CAD if it is operated within the metropolitan area limit of Montreal.
Quebec Immigrant Self-employed Program
An applicant who intends to do business or trade in the province of Quebec under the self-employed program needs to fulfil the below-given criteria:
Must have a minimum of two years of experience in the field where they are going to establish themself as a self-employed person in the province of Quebec.
Must hold a minimum net worth of 1,00,000 CAD individually or with a spouse or common-law partner.
Must deposit an initial startup investment amount on the enterprise of 50,000 CAD if it is situated in the metropolitan area of Montreal and 25,000 CAD if it is situated outside the metropolitan area.
Added Requirements for Business Stream
There are certain generic eligibility qualifications that a candidate must meet irrespective of their business stream like
Age
Education
Work Experience
Language Proficiency
Business Plan clarity
Investing abilities
The candidate must be willing to reside and settle in Quebec province.
The total number of intake per annum will be mentioned by the immigration authorities which the candidate needs to meet at any cost.
A candidate who possesses affluent French-speaking knowledge can apply at any time.
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