Quebec Entrepreneur Program (QEP)

The Quebec Entrepreneur Program gives the opportunity to businessmen and managers to obtain Canadian permanent residency by successfully establishing or purchasing an agricultural, commercial or industrial business in the province of Quebec.

To apply under this program, the applicant must show net assets worth C$300,000. These assets can be shared assets too, meaning, it can be shared assets between the applicant and his or her spouse or common-law partner. The applicant and the applicant’s family must have a strong intent to settle in the province of Quebec. The applicant must also prove that he or she has had at least 2 years of experience in running a business acquired during the 5-year period preceding the date the applicant is planning to apply under this program. The experience must be in or more of the below sectors:

  • Agricultural
  • Commercial
  • Industrial
  • Other related sectors

In the business, the applicant (along with the applicant’s spouse or common-law partner) must be controlling at least 25% of the total capital equity. There are two business components defined by the Quebec government in this program. They are:

Ability to carry out a business: The applicant must submit a written business project or plan, detailing the establishment or acquiring of the business in Quebec. The business may be managed by the applicant alone, or else, in partnership, wherein the applicant will participate as the management and operations partner on a daily basis. The applicant along with the applicant’s spouse or common-law partner must control at least 25% of the capital equity. The value of the capital equity controlled by the applicant along with the applicant’s spouse or common-law partner must be a minimum of C$100,000. The business must be in any one of the below sectors:

  • Agriculture
  • Commercial
  • Industrial
  • Other related

Acquisition of a business in Quebec: The applicant must have acquired a business in Quebec, alone or, with the applicant’s spouse or common-law partner in which the applicant alone or, with the applicant’s spouse or common-law partner, must control at least 25% of the total equity. The value of the capital equity controlled by the applicant along with the applicant’s spouse or common-law partner must be a minimum of C$100,000. The applicant must be managing the business, and if not, be working as the operations and management partner. The business must be in any one of the below sectors:

  • Agriculture
  • Commercial
  • Industrial
  • Other related

The assessment of the application in both the above two components will also take into consideration the applicant’s:

  • Age
  • Nature and duration of training
  • Language skills
  • Personal background and qualities
  • Knowledge about Quebec
  • Steps taken to acquire the business/ability to carry out the business project

To know more about this program, contact us.

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