The Succession Plan: Your Mandatory Compliance Dossier
The Succession Plan is not a simple business plan. It is a regulatory compliance dossier required by MIFI that directly determines your eligibility for permanent residence through Stream 3.
Fundamental Distinction
A Business Plan describes an entrepreneurial vision. The Succession Plan is a regulatory compliance dossier demonstrating your ability to take over and sustain an existing Québec business, according to specific MIFI criteria.
Key Components of the Succession Plan
- Target Business Analysis — Financial, operational, and sectoral assessment of the business to be acquired.
- Acquirer Profile — Documented experience, skills, and financial capacity.
- Transition Strategy — Knowledge transfer plan and retention of key employees.
- Financial Projections — 3-year viability, including funding sources and down payment.
- MIFI Compliance — Meeting thresholds, down payment, and program conditions.
- Accredited Org. Validation — Favorable recommendation from the Accredited Support Organization.
Succession Plan Compliance Audit
Don't submit an incomplete file. Get a legal review of your Succession Plan before filing with MIFI.
Request a Compliance Audit