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Saskatchewan Immigrant Nominee Program – Entrepreneur Category
What is Saskatchewan Immigrant Nominee Program – Entrepreneur Category?
Saskatchewan Immigrant Nominee Program (SINP) – Entrepreneur Stream is an economic immigration program for experienced entrepreneurs who are ready to establish, operate and actively manage a business while living and settling in Saskatchewan permanently.
A healthy business environment and strong economy together with a diverse and skilled labour market makes Saskatchewan an ideal location to start and operate a new business; or purchase, improve and operate an existing business.
Some of the benefits when choosing SINP – Entrepreneur Category
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Language Ability is not mandatory to meet eligibility.
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Education is not a mandatory requirement.
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No Deposit requirement.
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Quick processing time.
Entrepreneurial Stream Eligibility of SINP – Entrepreneur Category:
For Applicant Requirements:
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Complete and submit all required Federal and Provincial PNP forms and supporting documentation.
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Applicants must have a minimum of three years of relevant business management or entrepreneurial experience gained in the past ten years.
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Applicants must have a minimum $500,000 CAD in Net Business and Personal Assets.
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At least one (1) year full time post-secondary training or apprenticeship equivalent.
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Must be between 21-55 years of age.
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Score minimum point in Points Assessment Grid: Minimum point will be determined at periodical draw.
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Make at least one business trip to Saskatchewan and from an eligible connection to Saskatchewan and must submit Exploratory Visit Report.
For Business Requirements:
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Applicants will be required to make a minimum equity investment of $300,000 CAD in Regina or Saskatoon, or a minimum equity investment of $200,000 CAD in any other Saskatchewan communities.
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If you are invited to apply you must submit a Business Establishment Plan(BEP) that corresponds to the information in your Expression of Interest EOI. Your BEP must include:
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Your plan to establish an eligible business that aligns with the points assigned in the Entrepreneur Category Points Grid, if applicable (for investment amount and sector);
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Your ownership of at least one third (33 1/3 per cent) of the equity of a business in Saskatchewan, unless your total investment is $1 million CAD or higher;
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Your commitment to provide active and on-going participation in the day-to-day management and direction of the business;
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The creation of two employment opportunities in Saskatchewan for Canadians or permanent residents who are not related to you.
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Obtain Work Permit and operate your business within six months of arriving in Saskatchewan, submit Business Establishment Progress Report for Nomination.