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Business Assistance—Immigrant Investor Program
Investments made by immigrant investors generate revenues that your company may benefit from through a program managed by our affiliate, IQ Immigrants Investisseurs inc., in collaboration with financial intermediaries. A unique and advantageous formula, this product uses foreign funds to invest in Quebec businesses as a non-repayable contribution. | ELIGIBILITY CRITERIA Eligible Businesses Your business is eligible if it obtains a favorable recommandation from an accredited financial intermediary and operates in one of the following sectors: - Manufacturing;
- New economy (biotechnology, pharmaceutical industry, aeronautics and aerospace);
- High-value-added information technology;
- Tourism;
- Environmental restoration;
- Recycling, waste recovery and processing;
- Call centres;
- Aquaculture, sea farming and marine biotechnology;
- Horticultural specialties.
Under certain circumstances, cooperatives and non-profit organizations that carry out activities in sectors other than those mentioned above may also be eligible. Eligible Projects - Investment: business start-up, growth, modernization, or production improvement, obtaining standards-related certification, technological or design innovation.
- Market development: commercial development of products outside Quebec.
Special Requirements - Project costs must be at least $300,000, or $270,000 for business start-ups.
- Total consolidated assets must be less than $35 million.
- Your business must be competitive and your project must be profitable.
| FINANCING DETAILS Financing consists of a non-repayable financial contribution. Terms and Conditions - The maximum contribution amount must not exceed 10% of total project costs, or 15% in the case of business start-ups.
- The contribution cannot exceed $500,000 per three-year period, per business.
- The minimum contribution amount is $40,000.
- The contribution is disbursed over four years.
Fees There are no fees to be paid to the financial intermediary or to IQ Immigrants Investisseurs inc. to process your file. | PROCEDURE Step 1 Contact a financial intermediary accredited with the program to submit your application, or contact an Investissement Québec advisor who will answer your questions. Step 2 The financial intermediary or advisor will help you draw up a list of the information required: business plan, nature of the project, financing sought, planned expenses, marketing plan, guarantees, etc. Step 3 The financial intermediary will submit your application to IQ Immigrants Investisseurs inc. We will review your file and then contact you.
Avril 2006 |
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