New criteria for Quebec Immigration Programs 2018
The Ministère de l’immigration, de la diversité et de l’inclusion (MIDI) Quebec Canada, released the latest Regulation regarding its business immigration programs, notably the Quebec Immigrant Investor Program and the Quebec Entrepreneur Program.
Quebec Immigrant Investor Program
One of the most popular business immigration programs, it is also the only immigration program requiring a passive investment currently offered in Canada. It has a fast provincial processing time, and grants the applicant and his/her family with permanent residency after federal processing. For this intake, the immigrant must:
The Ministère de l’immigration, de la diversité et de l’inclusion (MIDI) Quebec Canada, released the latest Regulation regarding its business immigration programs, notably the Quebec Immigrant Investor Program and the Quebec Entrepreneur Program.
Quebec Immigrant Investor Program
One of the most popular business immigration programs, it is also the only immigration program requiring a passive investment currently offered in Canada. It has a fast provincial processing time, and grants the applicant and his/her family with permanent residency after federal processing. For this intake, the immigrant must:
- Have net assets of at least Can$2 million
- Invest Can$1,2 million, guaranteed by the government of Quebec, for 5 years at 0% interest or 350.000 CAD paymnets
- Have management experience for at least 2 years in the 5 years preceding the application
Intake Period & Quota
- The MIDI informed us that the intake period will be from September 10, 2018to March 15, 2019
- The maximum quota is still 1900 files.
- Francophone files are not subject to the quota system
Quebec Entrepreneur Program
The MIDI has redesigned its Entrepreneur Program closed since 2016. The program requires an active investment, which leads to a Permanent Resident Visa.
Main criteria and conditions:
- Hold and control, alone or with the accompanying spouse or de facto spouse, at least 25% of the equity of the enterprise the foreign national creates or at least 51% of the equity of the enterprise the foreign national acquires, the value of that participation must be equal to or greater than the amount that must serve to start up the business project Make a start-up deposit with a financial institution (minimum Can$200,000), to be used for the creation or acquisition of the enterprise along with a security deposit of Can$200.000*
- Participate in the daily management and operations of the business
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