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Saskatchewan Entrepreneur Category

Provincial Nominee Program

The SINP Entrepreneur Category is designed to attract entrepreneurs who are interested in starting, acquiring or partnering in a business in Saskatchewan to actively manage the business while residing in the province. 

Program Requirements

To be able to submit an Expression of Interest (EOI) to the SINP, the Principal Applicant must:

  • Meet the minimum eligibility criteria (as stipulated in the Eligibility Criteria section below);
  • Complete the Points Assessment Grid;
  • If invited to submit an application, apply for and submit a final net-worth evaluation report by the given deadline;
  • If invited to submit an application, submit a Business Establishment Plan that outlines the following:
    • Plan to establish an eligible business;
    • Proof of ownership of at least one-third of the business in Saskatchewan unless total investment is CAD$1 million or more;
    • Demonstration of commitment to actively manage the day-to-day activities of the business on an ongoing basis;
    • If starting a new business in Regina or Saskatoon, creation at least two (2) employment opportunities for Canadian citizens or permanent residents not related to the Applicant;
    • If purchasing an existing business in Regina or Saskatoon, maintenance of the number of existing jobs in the business.

Upon approval of the application, Applicants are required to reside in Saskatchewan and sign a Performance Agreement with the government of Saskatchewan.

Eligibility Criteria

To qualify for the Program, the Principal Applicant must:

  • Have a verifiable personal net worth of at least CAD$500,000;
  • Demonstrate that the net worth was accumulated through legal means;
  • Have at least three (3) years of entrepreneurial experience within the ten (10) years prior to submitting the EOI;
  • Make a minimum equity investment of CAD$300,000 in Regina or Saskatoon, or CAD$200,000 in any other Saskatchewan community.

Requirements for Purchasing an Existing Business or Business Succession

If the Applicant is interested in purchasing an existing business in Saskatchewan, the Applicant must complete an exploratory visit to meet the previous owners and provide evidence that reasonable efforts were made to establish a fair market value for the business. In addition, the business must meet the following conditions:

  • The existing business must have been in continuous operation by the same owner for the last three (3) years prior to purchase;
  • The succession buy-out must transfer 100% of ownership from the previous owner to the Applicant;
  • All existing permanent full-time jobs must be preserved above the minimum required with commitment to maintain the existing wages and employment terms.

Requirements for Purchasing Existing Business from an SINP Entrepreneur Nominee

Applicants may purchase a business from a previous SINP Entrepreneur Nominee. The Applicant must complete an exploratory visit to meet the previous owner(s) and provide evidence that reasonable efforts were made to establish a fair market value for the business. If the previous owner of the business for purchase is an SINP Entrepreneur Nominee:

  • The existing business must have been in continuous operation by the previous owner for the last three (3) years prior to purchase;
  • The business must demonstrate a net profit for at least two (2) of the three (3) previous years;
  • The previous business owner must be a Canadian citizen or permanent resident;
  • The succession buy-out must transfer 100% of ownership from the previous owner to the Applicant;
  • All existing permanent full-time jobs must be preserved above the minimum required with commitment to maintain the existing wages and employment terms.

Requirements for Joint Ventures between SINP Program Applicants

If an Applicant is proposing a joint venture with another SINP applicant in the commencement and operation of a new business, purchase of an existing business or a partnership with a current Canadian citizen or permanent resident:

  • The existing business must have been in continuous operation by the same owner(s) for the last three (3) years;
  • All Applicants must complete an exploratory visit to meet the previous owner(s) or business partner(s);
  • All Applicants must demonstrate that reasonable efforts to establish a fair market value for the business or investment amount were made;
  • Any succession buy-out must transfer 100% of ownership from the previous owner to the Applicant;
  • All existing permanent full-time jobs must be preserved above the minimum required with commitment to maintain the existing wages and employment terms.

Upon approval of the application, each Applicant is required to reside in Saskatchewan and sign a Performance Agreement with the government of Saskatchewan.

Nomination Requirements

Applicants may apply for nomination for permanent residency upon meeting the following conditions:

  • The Applicant and any accompanying family members are residing in Saskatchewan and maintaining legal status in Canada;
  • The business has been in operation in accordance with the Performance Agreement for at least six (6) months.

Applications may be denied on the following grounds:

  • Direct or indirect misrepresentation;
  • If the Applicant proposes an ineligible business;
  • If the Applicant is unable to prove intent to reside and work in Saskatchewan;
  • If the Applicant has a criminal record;
  • If Applicant’s dependent family members (whether accompanying or not) do not meet requirements related to health and criminality;
  • If the Applicant has not been legally admitted into their current country of residence;
  • If the Applicant is in Canada and is out of status or has been working without authorization;
  • If the Applicant is claiming refugee status in Canada or is under a removal order in or outside of Canada;
  • If the Applicant has unresolved custody or child support disputes affecting members of the family.

Acquiring a Work Permit and Permanent Residence

The Entrepreneur Application stream is a multi-step process requiring registration and application to the SINP first. The SINP will invite the highest-scoring registrants to submit a full application. Upon approval of the application, the SINP will issue the Applicant a work permit support letter which will allow the Applicant to apply for a work permit and begin implementing the business plan and making the required investments. The business must be established or purchased within six (6) months of arriving in Saskatchewan.

Applicants must submit a Business Establishment Progress Report no later than 12 months after arriving in Saskatchewan on a work permit for determination on whether the terms and conditions of the Performance Agreement were met. Upon successfully operating the business in accordance with the Performance Agreement for a minimum of six (6) months, Applicants may apply for nomination to the SINP. Upon nomination, Applicants and their eligible family members may apply for permanent residence to IRCC to become permanent residents under the Provincial Nominee Class.

Application Processing Time

Entrepreneur Applications are usually processed within 41 weeks. This excludes time waiting on Applicants to submit a complete application and a completed third-party verification report. Applications for nomination are usually processed within 13 weeks. Permanent residence application processing times for the Provincial Nominees class are currently 15 to 19 months.

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