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Saskatchewan

Most promising province in Canada!

SINP Entrepreneur Category for Investors

As the Saskatchewan economy continues to grow there is a desperate need for investment to finance growth. People from around the world are taking a more serious look at Saskatchewan as the province’s requirements are more attractive than others. With the closure of the eastern provinces programs similar to Saskatchewan, previously interested investors are looking at Saskatchewan as a viable alternative. IIBC can facilitate the entire immigration process for investors including, applications, proposals, exploratory visits, business and resettlement plans, including purchases of existing businesses.

The Entrepreneur Category Process

There are three steps to the nomination process. They are as follows:

  • Expression of Interest (EOI) submission to the SINP where the prospective immigrants provides required proof to show their interest to run a business and to live in Saskatchewan.
  • EOI Selection and Invitation to Submit an Application where depending on the situation and proofs, the EOI will be selected for applying to the SINP.
  • Nomination is the part when the candidate receives the SINP Nomination.

Eligibility

To be considered for the SINP Entrepreneur Category;

  • Have a minimum of 3 -5 years business ownership experience or senior management experience;
  • Have a minimum personal net worth of $500,000 CDN obtained legally.
  • Submit a Business Establishment Plan regarding intent to reside and plan for potential business idea.
  • Make a minimum, verifiable investment of $300,000 (CAD) in Regina and Saskatoon or a minimum of $200,000 (CAD) in all other Saskatchewan communities into starting a new business or buying outright an existing business, and have an active management role in the day-to-day operation of the business;
  • If you intend to own less than 33.3% of your business in Saskatchewan there is a 1 million dollar investment. No matter what option you choose, you must have an active management role in the day-to-day operation of the business;
  • Make a deposit of $2,500 CDN once your file is approved into processing as well as $72,500 into a trust account and sign a Performance Agreement based on your Business Proposal or Relocation and Settlement Plan.

Saskatchewan Business immigration has experienced a large influx of applications since the Federal Investor Category closed as well as Quebec’s. It is currently taking up to 10-12 months to have your application accepted into processing after submitting your file. After being accepted in for processing, nominations are still moving forward in a timely manner.

Contact International Immigration and Business Consulting (IIBC)
If you have any questions about the SINP Entrepreneur Category or require assistance, please contact us anytime for more information.

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