The Saskatchewan Immigration PNP under SINPs Entrepreneur sub category for Investors is a program made for Entrepreneurs to establish, acquire or be a contributing active partner in a business in Saskatchewan.
The Entrepreneur sub-category for investors enables entrepreneurs who are interested in owning and operating a business in Saskatchewan. The SINP Entrepreneur program is the best fit program for entrepreneurs looking for Canada Immigration
For immigration under the Saskatchewan PNP- SINP Entrepreneur category for investors can obtain a PR Visa for Canada Immigration. To be able to own and participate in any business activity the candidate is required to submit an Expression Of Interest (EOI) to Saskatchewan and then depending on the EOI score Saskatchewan, the applicant will be granted an Invitation to apply.
Here is a step by step Sinp entrepreneur application guide.
Step 1: Submit an Expression of Interest (EOI) to the SINP
In this step the candidates are required to give a statement that shows their interest in residing and vigorously operating a business in Saskatchewan by providing information about factors like their entrepreneurial experience, business establishment plan (BEP), assets, etc in an online survey.
Candidates who qualify under the minimum entry criteria will be able to enter the Sinp EOI pool where they will be ranked according to their score based on the selection points.
Step 2: Invitation to Apply
The Candidates will be selected under the EOI system based on their score. The profiles with the highest scores are prioritized for being selected and receiving a formal request to apply. Selected candidates are invited to apply to the SINP through the Entrepreneur Immigration Sub-category, after which comes the verification process, on passing the verification process the candidates will be issued a SINP Entrepreneur Approval Letter, which will show the support of the applicant’s request to the IRCC for a two year temporary work permit through which the candidate can live and work legally in Saskatchewan till he/she implements the business proposal.
STEP 3: Nomination
Once the conditions for the Business Performance Agreement is met then the candidate can apply and be nominated by the SINP for obtaining a Permanent Residency.
Minimum Eligibility Criteria
Minimum requirements for the Sinp entrepreneur program:
1. Meet the minimum criteria to qualify for submitting an EOI to the SINP:
2. Should be able to show that they possess the In-depth knowledge of the Business Establishment plan (BEP) that they have submitted.
3. Own atleast one-third of the equity they have submitted (33.33 percent) unless their total investment amounts upto $1,000,000 or higher.
4. Create a job opportunity for two Canadian Citizens or Permanent Residents in the state of Saskatchewan (non-relative workers) if the business establishment is in Regina or Saskatoon.
5. If the candidate will be purchasing an existing business in the cities of Regina or Saskatoon the applicant should maintain the business and staffing complement in place during purchasing the business.
6. Be a resident of Saskatchewan along with their dependant family members.
7. Sign an agreement of business performance with the government of Saskatchewan, which will be provided by the SINP once the application is approved.
Minimum Requirements for Businesses
Requirements for a business to be considered eligible under the SINP Entrepreneur program:
Additional Requirements for Business Succession
If the candidate is going to buy a business that is already established in Saskatchewan, he should meet the following requirements:
If the applicant is purchasing an already existing business in Saskatchewan from an SINP Entrepreneur nominee, he should meet the following requirements:
Requirements for Joint Ventures between SINP Program
If the applicant is aspiring for being in a Joint Venture with another SINP applicant in operating a newly established business, the follwoing requirements should be met:
NOTE: Every applicant in a joint venture application will be separately evaluated. Selection from the Sinp EOI pool for further processing will depend on the applicants score from the sinp entrepreneur point grid. If one partner is not selected then all the other partners need to update their business proposal to still remain eligible under the Sinp EOI points that they earned earlier.
If all the partners have been selected and approved, each partner has to sign a separate sinp business performance agreement and every partner should be eligible to meet the terms of his agreement to be nominated under the sinp entrepreneur program. If any partner fails to meet their part in the business agreement they submitted all the other partners should update the terms from their end to still be eligible under the program criteria.
Minimum Requirements for Investing
Any investment will be considered eligible if it is necessary for establishing and operating a new business, or to purchase, improve and operate the existing business. Some investments with limitations will be considered eligible.
Expression of Interest points grid (SINP EOI)
The Sinp entrepreneur point grid scores the candidates based on three factors that are:
The points scored from the expression of interest Saskatchewan grid will decide if the candidate is eligible to receive an Sinp Nomination certificate under the Sinp entrepreneur program.
|Age||20 or less||0|
|Exploratory Visit||Has conducted an exploratory visit to Saskatchewan for at least five working days with evidence of contact with relevant business contacts.||15||15|
|Official Language Ability (English or French)||No language test||0|
|Canadian Language Benchmark (CLB) 4||5|
|Qualifications/Education||Has a trade or occupational certification that required at least one year full-time post-secondary training or apprenticeship equivalent||10|
|Has completed a Bachelor Degree or Post-Graduate Degree/Designation in a Business, Agriculture, or Science/Technology field||15|
|Net Business and Personal Assets||$500,000 – $549,999 CAD||0|
|$550,000 – $749,999 CAD||5|
|$750,000 – $999,999 CAD||10||15|
|Entrepreneurial experience||4 to 7 years entrepreneurial experience||10||20|
|8 or more years entrepreneurial experience||15|
|4 to 7 years entrepreneurial experience with 50%+ ownership in business||15|
|8 or more years entrepreneurial experience with 50%+ ownership in business||20|
|Business revenue||$50,000 – $99,999 CAD||5||20|
|$100,000 – $249,999 CAD||10|
|$250,000 – $499,999 CAD||15|
|Innovation Previous verifiable experience in:||Export Trade||10||10|
(Total equity to establish or purchase and expand an eligible business in SK)
|$200,000 – $349,999 CAD||0||20|
|$350,000 – $499,999 CAD||5|
|$500,000 – $749,999 CAD||10|
|$750,000 – $999,999 CAD||15|
|Investment in Key Economic Sectors||Science and technology||15||15|
|Rural business succession||15|
|Rural business development||15|
|Expression of Interest (EOI) Selections|
|January 17, 2018||Points Range||Total Invitation Issued|
|80 or above||251|
|October 31, 2017||Points Range||Total Invitation Issued|
|July 19, 2017||Points Range||Total Invitation Issued|
|May 24, 2017||Points Range||Total Invitation Issued|
|March 2017||Points Range||Total Invitation Issued|
|December 2016||Points Range||Total Invitation Issued|
|September 2016||Points Range||Total Invitation Issued|
|May 2016||Points Range||Total Invitation Issued|
|October 2015||Points Range||Total Invitation Issued|
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