{"id":82044,"date":"2020-12-09T12:59:35","date_gmt":"2020-12-09T17:59:35","guid":{"rendered":"https:\/\/immigrationca.staging.wpengine.com\/quebec-announces-plan-to-remove-start-up-and-security-deposits-for-entrepreneur-program"},"modified":"2021-05-16T22:49:53","modified_gmt":"2021-05-17T02:49:53","slug":"quebec-announces-plan-to-remove-start-up-and-security-deposits-for-entrepreneur-program","status":"publish","type":"post","link":"https:\/\/immigration.ca\/fr\/quebec-announces-plan-to-remove-start-up-and-security-deposits-for-entrepreneur-program\/","title":{"rendered":"Quebec Announces Plan to Remove Start-Up and Security Deposits for Entrepreneur Program"},"content":{"rendered":"

Quebec has announced a plan to remove the start-up and security deposit requirement under stream 2 of the Quebec Entrepreneur Program<\/span><\/a> for candidates with applications already in the system.<\/p>\n

Provincial Immigration Minister Nadine Girault outlined the plan in a draft regulation published in the Gazette officielle du Quebec on Wednesday December 9, 2020.<\/p>\n

The move would mean candidates would no longer be required to have start-up funds and deposits totalling up to $500,000.<\/p>\n

Under the current terms of stream 2 of the Quebec Entrepreneur Program, candidates must invest starting funds of $200,000 for a business outside Montreal, or $300,000 in the Montreal area. A minimum guarantee deposit of $200,000 is also required.<\/p>\n

Intake of new applications under stream 2 of the Quebec Entrepreneur Program is currently suspended until November 1, 2021.<\/p>\n

The new change is aimed only at those with applications already in the system.<\/p>\n

\n

Read More<\/b><\/p>\n

Quebec Investor Reform Set To Change Landscape of Canada Business Immigration<\/a><\/span>
\nQuebec Updates Salary Guide For Employers Hiring Temporary Foreign Workers<\/a>
\nQuebec Businesses Get New Arrima Employer Portal To More Easily Hire Highly-Skilled Immigrants<\/a><\/span><\/p>\n

\n

What is the Quebec Immigrant Entrepreneur Program?<\/h3>\n

The Quebec Entrepreneur Program aims to recruit individuals who have the skills and experience to operate a business in the province. The program operates two streams:<\/p>\n

Stream 1<\/b><\/p>\n

For candidates creating a business in Quebec with support from a business accelerator, a business incubator or a university entrepreneurship centre.<\/p>\n

Stream 2\u00a0<\/span><\/b><\/p>\n

For candidates creating or buying an existing business. The candidate must control at least 25 per cent if it\u2019s a new enterprise, or at least 51 per cent of an acquired enterprise.\u00a0<\/span><\/p>\n

Under the second stream, the entrepreneur candidate must invest starting funds of $200,000 for a business outside the metropolitan area of Montreal, or $300,000 for a business located in the metropolitan area of Montreal. A minimum guarantee deposit of $200,000 is also required, as an assurance and might be returned upon realization of the business project.<\/p>\n

The candidate must prove that they have legally acquired a net value of $900,000, alone or with their spouse if applicable.<\/p>\n","protected":false},"excerpt":{"rendered":"

Quebec has announced a plan to remove the start-up and security deposit requirement under stream 2 of the Quebec Entrepreneur Program for candidates with applications already in the system. Provincial Immigration Minister Nadine Girault outlined the plan in a draft regulation published in the Gazette officielle du Quebec on Wednesday December 9, 2020. The move…<\/p>\n","protected":false},"author":16,"featured_media":82038,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4618,3415,5506,4859,10558,11834,20659],"tags":[70469,70470,70286,57411],"class_list":["post-82044","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-c30-business-immigration-fr","category-immigration-au-canada","category-immigration-provinciale","category-lactualite-canadienne","category-provincial-news-fr","category-c113-quebec-business-immigration-fr","category-quebec-news-fr","tag-gazette-officielle-du-quebec-fr","tag-immigration-minister-nadine-girault-fr","tag-quebec-entrepreneur-program-fr","tag-quebec-immigration-fr","category-4618","category-3415","category-5506","category-4859","category-10558","category-11834","category-20659","description-off"],"acf":[],"_links":{"self":[{"href":"https:\/\/immigration.ca\/fr\/wp-json\/wp\/v2\/posts\/82044","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/immigration.ca\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/immigration.ca\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/immigration.ca\/fr\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/immigration.ca\/fr\/wp-json\/wp\/v2\/comments?post=82044"}],"version-history":[{"count":0,"href":"https:\/\/immigration.ca\/fr\/wp-json\/wp\/v2\/posts\/82044\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/immigration.ca\/fr\/wp-json\/wp\/v2\/media\/82038"}],"wp:attachment":[{"href":"https:\/\/immigration.ca\/fr\/wp-json\/wp\/v2\/media?parent=82044"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/immigration.ca\/fr\/wp-json\/wp\/v2\/categories?post=82044"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/immigration.ca\/fr\/wp-json\/wp\/v2\/tags?post=82044"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}