{"id":56310,"date":"2020-12-09T12:57:44","date_gmt":"2020-12-09T17:57:44","guid":{"rendered":"https:\/\/www.investmentimmigration.com\/?p=56310"},"modified":"2020-12-09T12:57:44","modified_gmt":"2020-12-09T17:57:44","slug":"quebec-entrepreneur-program-set-to-lose-start-up-and-security-deposit-requirements","status":"publish","type":"post","link":"https:\/\/www.investmentimmigration.com\/quebec-entrepreneur-program-set-to-lose-start-up-and-security-deposit-requirements\/","title":{"rendered":"Quebec Entrepreneur Program Set to Lose Start-Up and Security Deposit Requirements"},"content":{"rendered":"

The Quebec Entrepreneur Program<\/a> will no longer require start-up and security deposits under stream 2 for candidates who have already submitted applications, under Quebec government plans.<\/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

Application Window For Quebec Immigrant Investor Program Delayed Until April 2021<\/a>
\nQuebec Suspends Applications for Popular Quebec Immigrant Investor Program<\/a><\/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":"

The Quebec Entrepreneur Program will no longer require start-up and security deposits under stream 2 for candidates who have already submitted applications, under Quebec government plans. 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 would mean candidates…<\/p>\n","protected":false},"author":2,"featured_media":56311,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"footnotes":"","_jetpack_memberships_contains_paid_content":false,"jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[415,454],"tags":[5778,5776,5772,5774],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.investmentimmigration.com\/wp-content\/uploads\/2020\/12\/Quebec-Entrepreneur_231411807-scaled.jpeg","jetpack_shortlink":"https:\/\/wp.me\/p8hnWW-eEe","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts\/56310"}],"collection":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/comments?post=56310"}],"version-history":[{"count":0,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts\/56310\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/media\/56311"}],"wp:attachment":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/media?parent=56310"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/categories?post=56310"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/tags?post=56310"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}