I-0.2.1, r. 3 - Québec Immigration Regulation

Section 52 Disposition versions

2024-01-01

52. The selection conditions of the Start-up enterprise profile are the following:

(1)  have experience in enterprise management for a period of at least 2 years, acquired in a sector other than an inadmissible sector referred to in section 1 or 2 of Schedule E, in the 5 years preceding the date of filing of the application;

(2)  have, with his or her spouse or de facto spouse, if included in the application, net assets whose lawful origin must be demonstrated and at least $600,000, which amount excludes donations received in the 6 months preceding the date of filing of the application;

(3)  have the intention, alone or with others, including a maximum of 3 foreign nationals filing a selection application as entrepreneur, to start up an enterprise

(a)  for which are planned, for a period covering not more than its first 2 years, start-up or operating expenses of a minimum value of $300,000 where the principal establishment is to be situated within the territory of the Communauté métropolitaine de Montréal or $150,000 where it is to be situated outside that territory; and

(b)  in which the foreign national intends to hold, alone or with his or her spouse or de facto spouse, if included in the application, an interest in the contributed capital corresponding to at least 25% of the value of the capital;

(4)  have been issued a work permit under paragraph a of section 205 of the Immigration and Refugee Protection Regulations (SOR/2002-227) after the date of the Minister’s notice of intent to render a selection decision;

(5)  at the earliest 1 year after the registration of the enterprise in accordance with the Act respecting the legal publicity of enterprises (chapter P-44.1) and not later than 2 years after the issue of the work permit,

(a)  demonstrate having started up the enterprise during a stay in Québec, in accordance with paragraph 3; and

(b)  demonstrate the payment of the enterprise start-up or operating expenses and hold an interest in its contributed capital in accordance with subparagraphs a and b of paragraph 3.

O.C. 963-2018, s. 52; O.C. 1570-2023, s. 28.

2018-08-02

52. Where the foreign national acquires an enterprise, the enterprise must have been in operation for the 5 years preceding the date of filing of the application for selection and must not have been acquired by another foreign national who has been selected as entrepreneur in the 5 years preceding that date.

O.C. 963-2018, s. 52.

Not in force

In force: 2018-08-02

52. Where the foreign national acquires an enterprise, the enterprise must have been in operation for the 5 years preceding the date of filing of the application for selection and must not have been acquired by another foreign national who has been selected as entrepreneur in the 5 years preceding that date.

O.C. 963-2018, s. 52.