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I-0.2.1, r. 3 - Québec Immigration Regulation

Section 57
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57. The selection conditions of the Acquired enterprise profile are the following:
(1)  have been staying in Québec for at least 2 years on the date of filing of the application, being authorized to work under a work permit not related to a specific employment and issued otherwise than under section 206 of the Immigration and Refugee Protection Regulations (SOR/2002-227), or a study permit;
(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 $300,000, which amount excludes donations received in the 6 months preceding the date of filing of the application;
(3)  acquire and hold, alone or with his or her spouse or de facto spouse, if included in the application, the control of an enterprise 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;
(4)  obtain, for the acquisition of the enterprise, appropriate support services from an organization specialized in entrepreneurial acquisition.
O.C. 963-2018, s. 57; O.C. 282-2021, s. 4; O.C. 1570-2023, s. 28.
57. (Revoked).
O.C. 963-2018, s. 57; O.C. 282-2021, s. 4.
57. At least 30 days before the date of confiscation of the amount withheld under paragraph 4 of section 53, the Minister informs the entrepreneur of the Minister’s intention to confiscate the amount and the reasons on which it is based.
The Minister gives the entrepreneur the opportunity to make observations and, where applicable, to send to the Minister any document deemed appropriate.
O.C. 963-2018, s. 57.
In force: 2018-08-02
57. At least 30 days before the date of confiscation of the amount withheld under paragraph 4 of section 53, the Minister informs the entrepreneur of the Minister’s intention to confiscate the amount and the reasons on which it is based.
The Minister gives the entrepreneur the opportunity to make observations and, where applicable, to send to the Minister any document deemed appropriate.
O.C. 963-2018, s. 57.
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