Quebec has announced the opening of all three provincial business programs with limited cap. The Quebec investor program 1900 cap which will be open on May 30th whereas the Entrepreneur and Self-Employed categories are reopening with immediate effect, though for only 50 applications each.
Candidates for the Investor and Entrepreneur categories with advanced intermediate French proficiency are exempt from the application cap.
Quebec Investor Program
In order to qualify as an investor, an individual must have a net worth of at least CAD$1.6 million, have managerial experience and be willing to make a government-secured investment of CAD$800,000 for a period of five years. Financing option is available through authorized Canadian financial institutions.
The maximum number of applications for this cycle is set at 1,900, of which up to 1,330 applications may be accepted from Chinese applicants, including the special administrative regions of Hong Kong and Macao. Applicants with an "advanced intermediate" level of French proficiency (B2 Test result) not only will not be subject to this cap but also their application will be given priority processing.
Applications may be received from May 30, 2016 to February 28, 2017 and must be sent by regular mail or by courier service.
Quebec Entrepreneur Program
To qualify as an entrepreneur, a net worth of at least CAD$300,000, two years of management experience in a business that they either owned or controlled, and be willing and able to establish or acquire a business in Quebec which will create at least one incremental job in Quebec is required .
The Quebec Entrepreneur Program is currently open for new applications. Up to 50 such applications will be accepted during the current application cycle, which will end when 50 applications have been received. All applications must be sent by regular mail or by courier service. Similar to the Investor Program, applicants who have at least an "advanced intermediate" level of French proficiency, as demonstrated by a standardized test, will not be subject to this cap, and their applications will be given priority processing.
Quebec Self employed Program
To qualify as a self-employed person, an individual must have a net worth of at least CAD$100,000 and must have work experience in the profession or trade that he or she intends to practice in Quebec.
The Quebec Self-Employed Program opens with immediate effect for up to 50 applications.
