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Saskatchewan Entrepreneur Program

The Saskatchewan Entrepreneur Stream is for international entrepreneurs who wish to establish their business in the province. This program enables applicants to get nominated by the province of Saskatchewan through which they can ultimately apply for permanent residence to the federal government of Canada.

This entrepreneur stream has eligibility requirements. However, meeting the minimum eligibility requirements does not guarantee an applicant receive an Invitation to Apply. Each candidate has to get evaluated by a point-based score system (up to 160 points), depending on multiple factors such as age, education, investment, business plan etc. The SINP conducts frequent draws, and each candidate that score above or equal to the draw's threshold is invited to apply.

It is important to note that the Entrepreneur Stream is not aligned with the Express Entry Program, hence the processing time taken is usually longer than compared to the 6-months average processing time taken in the Express Entry Program.

What are the Minimum Eligibility Criteria to apply for the Saskatchewan Entrepreneur Stream?

For Applicants:

  • The candidate should have a net worth of $500,000 CAD, that should be verified by a designated third-party professional. The accumulation of the net worth should be demonstrated though legal means.
  • The candidate should be able to demonstrate at least 3 years of entrepreneurial experience in the last 10 years.
  • A minimum of $300,000 CAD should be intended to invest in the proposed business plan by the applicant in Regina or Saskatoon. If the candidate chooses any other community in Saskatchewan the minimum investment should be of at least $200,000 CAD
  • The candidate should demonstrate a thorough knowledge of their proposed BEP (Business Establishment Plan)
  • The applicants need to create and maintain a minimum of 2 jobs for a permanent resident of Canada or for a Canadian citizen.
  • If the investment to be made is less than $1,000,000, the applicant should own at least one-third of the equity of proposed business
  • The entrepreneur should reside with their dependent family members in the province of Saskatchewan
  • Once the SINP application is approved, the candidate should sign a Business Performance Agreement with the Government of Saskatchewan

For Businesses:

  • The business should have the potential to contribute to the economic development of Saskatchewan
  • The business should be operated with the primary motive of creating profits through the sale of goods or services
  • The business should be a "permanent establishment" of the Canadian Income Tax Regulations, 1985
  • The business should meet all the legal requirements of the community in which it is to be operated 
  • The proposed business can be a Corporation or Partnership or a Sole Proprietorship

The following is a list of inadmissible applicants and kinds of businesses:

Ineligible Applicants

  • Are refugee claimants in Canada;
  • Are living illegally in their country of residence or in Canada;
  • Have had a removal order issued against them by IRCC or Canada Border Services Agency;
  • Are prohibited from entering Canada;
  • If any dependent family member, accompanying or not have a serious medical condition;
  • If any dependent family member, accompanying or not, over the age of 18 have a criminal record;
  • Have unresolved custody or child support disputes affecting any member of their family; and/or
  • Have intentionally misrepresented themselves in their application.

Ineligible Businesses

  • Property rental, investment, and leasing activities;
  • Real estate construction/development/brokerage, insurance brokerage, or business brokerage;
  • Professional services or self-employed business operators requiring licensing or accreditation;
  • Pay day loan, cheque cashing, money changing, and cash machines;
  • Credit unions;
  • Home-based businesses, including bed-and-breakfasts and lodging houses;
  • Co-operatives; and
  • Investments into a business operated primarily for the purposes of deriving passive investment income.
  • A business located in a multi-business retail/condo/location/project or business incubator that is not completed/operational, and/or is targeted or dependent on investment or business operations by SINP entrepreneurs for the development, completion or ongoing operation of the project.

What are the important documents required?

Once the applicant receives an Invitation to Submit an Application to the Entrepreneur stream through the SINP profile, the following documents need to be submitted:

  • A financial review by a third-party service provider within 20 days
  • A full application to SINP including the supporting documents and a Business Establishment Plan within 90 days
  • A third-party verification report

What is the required application fee?

There is a non-refundable processing fee of 2,500 CAD for Saskatchewan Entrepreneur stream.

What shall be the estimated processing time of application?

As per the latest estimates from January 1 to March 31, 2021, an entrepreneur stream application is processed by the SINP within:

  • After receipt of the complete application and the third-party Verification Report for the issuance of the SINP Entrepreneur Approval Letter and the Temporary Work Permit Support Letter (Step 1), too few applications were processed during this period to calculate a representative processing time
  • 14 weeks for the issuance of the Provincial Nomination

What is the Step-by-Step process of applying to the Saskatchewan Entrepreneur Stream?

Step 1: Submit an Expression of Interest (EOI) to the SINP

The candidates should first and foremost indicate their interest in working and residing in Saskatchewan by operating a business in the province. This step includes providing all the necessary information about their entrepreneurial experience, net worth, and Business Establishment Plan (BEP) through an online survey. The approved candidates who meet the minimum eligibility criteria shall be accepted into the EOI pool along with other candidates where they are ranked according to the score driven point system.

Step 2: Invitation to Apply

Once the candidates under the Entrepreneur SINP immigration sub-category are selected from the EOI pool based on their score, the top scoring applicants are prioritized for selection and receive a formal invitation to apply for an application submission. The candidates then have to undergo a verification process. After receiving an invite, the applicants have 20 days to pay a non-refundable fee of $2500 CAD. Along with the application fees, all the supporting documents and a Business Establishment Plan should be submitted within 90 days of receiving the invitation. The candidates have 180 days to submit a third-party verification report since receiving the invitation.

Step 3: Assessment and Interview

The assessment stage includes an in-person interview or through a web-based video conferencing. The costs related to this interview are not paid by the SINP, but by the candidate himself.

Step 4: Sign the Business Performance Agreement

If the interview of the candidate is successfully conducted, then they sign a Business Performance. This is a legal agreement signed with the Government of Saskatchewan and must be submitted within 30 days of receiving the receipt. The agreement states important factors like investment amount, business operation timelines, number and types of jobs to be created for Canadian citizens or permanent residents of Canada and other mandatory business milestones.

Step 5: Receive a Temporary Work Permit (TWP)

After receiving the SINP Entrepreneur Approval Letter, the applicant applies for a Temporary Work Permit. The two-year temporary work permit allows the candidate to reside and work legally in Saskatchewan while he or she implements the business proposal. On arriving in Canada, the applicant needs to attend a meeting in Saskatchewan within 18 months of receiving the SINP Entrepreneur Approval Letter, or the application shall be closed.

Step 6:  Apply for the Provincial Nomination

If the applicant satisfies all the conditions of the Business Performance Agreement, he/she can apply to be nominated by the SINP. In order to pass this the candidate needs to transfer the required funds in Canada, maintain all the legal requirements and operate the proposed business according to the BPA for a minimum of 6 months.

Step 7: Apply for a Permanent Residence

Once the candidate has complied with all the terms and conditions mentioned in the BPA and is granted a nomination, the final step for all applicants shall be to apply for permanent residence to IRCC within 6 months of receiving the provincial nomination.

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