I-0.2.1, r. 3 - Québec Immigration Regulation

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51. The Minister selects a foreign national referred to in paragraph 2 of section 49, as part of component 2 of the entrepreneur program, if, according to the business project presented, the foreign national
(1)  holds and controls, 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;
(2)  manages the enterprise himself or herself or participates actively as an associate in the management and daily operations of the enterprise;
(3)  the enterprise does not carry out an economic activity referred to in Part 1 of Schedule E;
(4)  deposits, with a financial institution with which the foreign national has entered into a deposit contract including the elements provided for in section 53, for start-up an amount complying with Factor 11 of Schedule A based on the Regulation respecting the weighting applicable to the selection of foreign nationals (chapter I-0.2.1, r. 4); and
(5)  obtains the number of points required as the cutoff score, where applicable, and as the passing score provided for in the Regulation respecting the weighting applicable to the selection of foreign nationals in the awarding of the points in respect of the factors and criteria provided for in the Selection grid for the economic class in Schedule A.
963-2018O.C. 963-2018, s. 51.
In force: 2018-08-02
51. The Minister selects a foreign national referred to in paragraph 2 of section 49, as part of component 2 of the entrepreneur program, if, according to the business project presented, the foreign national
(1)  holds and controls, 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;
(2)  manages the enterprise himself or herself or participates actively as an associate in the management and daily operations of the enterprise;
(3)  the enterprise does not carry out an economic activity referred to in Part 1 of Schedule E;
(4)  deposits, with a financial institution with which the foreign national has entered into a deposit contract including the elements provided for in section 53, for start-up an amount complying with Factor 11 of Schedule A based on the Regulation respecting the weighting applicable to the selection of foreign nationals (chapter I-0.2.1, r. 4); and
(5)  obtains the number of points required as the cutoff score, where applicable, and as the passing score provided for in the Regulation respecting the weighting applicable to the selection of foreign nationals in the awarding of the points in respect of the factors and criteria provided for in the Selection grid for the economic class in Schedule A.
963-2018O.C. 963-2018, s. 51.