Provincial Entrepreneurs Program
Are you an experienced businessperson? Do you want to set up a business in Quebec, Canada? Provincial Entrepreneurs Program in Quebec is the right solution. This program lets you (non-Quebecer) undertake an existing firm (either alone or with partners) in Quebec.
Stream 1 and Stream 2 of Provincial Entrepreneurs Program
Stream 1 is for those who have received assistance in developing their business from a business program or an organization. Do you plan to launch and run a business in Quebec? The candidate may create the company independently or in collaboration with others (citizens of Canada or another country).
Stream 2 is for the entrepreneurs who founded or acquired the business independently. To qualify for this stream, you must own at least 25% of a new venture’s shares or 51% of an acquired incident. The candidate should also have hands-on experience running/managing the firm.
The Right Process for Companies
The acquiring company must have been in business for at least five years before submitting the application. The company should not engage in any activities – real estate development, loans, checks cashing, insurance, distribution, escort service, sexually explicit business, erotic services, and retail.
Make sure you have a ready business plan that matches Quebec’s perquisites. Having a robust business plan framework is necessary. Applicants in both categories must meet a minimum score requirement. The score is based on education, employment experience, age, business niche, language skills, concept, etc.
A Business Plan and Other Requirements
Applicants must present a business plan outlining the project’s viability and relevance to Quebec before a selection interview. Before the selection process, it is common practice for candidates to conduct preliminary market research in Quebec. Approval triggers further steps, such as federal security and medical verifications, and then visa issuance with necessary terms and conditions, all within a time frame of up to 45 months. The government accepts an annual quota for applications in the Entrepreneur category. Applicants who can show they have an intermediate to the advanced command of French are welcome at any time, and their numbers will not be limited.
The best immigration consultant in Surrey can help you organizing the business plan according to the Canadian standards. Contact us now!
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