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I-0.2.1, r. 3 - Québec Immigration Regulation
Section 56
Disposition versions
56. The selection conditions of the Enterprise under acquisition profile are the following:
(1) 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;
(2) have the intention to acquire, alone or with his or her spouse or de facto spouse, if included in the application, control of an enterprise that has been in operation for at least 5 years from one or more transferors none of whom has been selected under the entrepreneur program in the 5 years preceding the date of filing of the application or is a group whose holder of its control has thus been selected;
(3) have the intention to incur, alone or with his or her spouse or de facto spouse, if included in the application, expenses necessary for the acquisition, of a minimum value of $300,000 where the main establishment of the enterprise in Québec is situated within the territory of the Communauté métropolitaine de Montréal or $150,000 where it is situated outside that territory;
(4) obtain, for the purposes of the acquisition of control of the enterprise, appropriate support services from an organization specialized in entrepreneurial acquisition;
(5) make an offer to acquire the object of which complies with the requirements of paragraphs 2 and 3 not later than 2 years after the date of filing of the application.
56. (Revoked).
963-2018O.C. 963-2018, s. 56; 282-2021O.C. 282-2021, s. 41.
56. The Minister may confiscate the amount deposited as performance guarantee of the business project of the entrepreneur where the Minister determines that the business project has not been carried out in accordance with section 54.
In force: 2018-08-02
56. The Minister may confiscate the amount deposited as performance guarantee of the business project of the entrepreneur where the Minister determines that the business project has not been carried out in accordance with section 54.
