Saskatchewan Investment Entrepreneur program

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.

The Nomination Process under the SINP Entrepreneur program

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. Have a net worth of atleast $500,000 CAD, verified by a third party that has been approved by the ministry.
  3. Have acquired the Net worth through legal means, verified by a third party that has been approved by the ministry.
  4. Have a minimum of 3 years of entrepreneurial experience from the past 10 years
  5. Have $300,000 CAD as a minimum equity investment in Regina or Saskatoon. Or have at least $200,000 CAD in equity in any other city in Saskatchewan.
  6. Should be able to show that they possess the In-depth knowledge of the Business Establishment plan (BEP) that they have submitted.
  7. Own atleast one-third of the equity they have submitted (33.33 percent) unless their total investment amounts upto $1,000,000 or higher.
  8. 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.
  9. 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.
  10. Be a resident of Saskatchewan along with their dependant family members.
  11. 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:

  1. The business should be able to economically benefit Saskatchewan as per assessment done by an immigration officer.
  2. The business can be a sole-proprietorship, partnership, or Corporation but it should meet the legal requirements of the city it operates in.
  3. The primary purpose of the business should be earning profits through the sale of goods and services.
  4. It should be considered a “permanent establishment” under the subsection 400 (2) of the Canadian Income tax Regulations, 1985.

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:

  1. The business should have been in operation by the previous owner for the last three years.
  2. The applicant should visit the place and should have met with the previous business owners.
  3. The applicant should own the business completely resulting to a full change in ownership from the last owners to a new one.
  4. The applicant should make a commitment to maintain job opportunities for Canadian citizens or permanent residents as well as maintain the existing wages and employment terms.

If the applicant is purchasing an already existing business in Saskatchewan from an SINP Entrepreneur nominee, he should meet the following requirements:

  1. The business should have been in operation for the past three years.
  2. It should show profit in two out of three years.
  3. The last owner should be a Canadian Citizen or a permanent resident.
  4. The applicant should have visited the place to meet the current owners.
  5. Efforts should be made to establish a fair market value for the business.
  6. The current owner should give full ownership to the new owner along with full control, meaning a complete change in the ownership should be made.
  7. The applicant should commit to creating jobs for Canadian citizens or permanent residents.

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:

  1. The business should have been in operation from the past 3 years by the same owner.
  2. Applicant should visit the place and meet with the business partners.
  3. Efforts should be made to have a fair market value for the business or the investment amount.
  4. In case of continuation a complete change in the ownership can also take place, in which the applicant assume full control of the business.
  5. The applicants should be able to maintain the jobs of the people already employed there, its not mandatory for the people to create new jobs.
  6. When submitting an application under the SINP entrepreneur program the applicant should clearly mention that they are aspiring for a Joint Venture and should submit an identity of their business partners.
  7. Every applicant should submit their own EOI together.

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:

  1. Human Capital
  2. Business Experience
  3. Business Establishment Plan

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.

Human Capital factors:

FactorDescriptionPointsMaximum points
Age20 or less0
21-2910
30-3915
40-541015
55+0
Exploratory VisitHas conducted an exploratory visit to Saskatchewan for at least five working days with evidence of contact with relevant business contacts.1515
Official Language Ability (English or French)No language test0
Canadian Language Benchmark (CLB) 45
CLB 51015
CLB 6+15
Qualifications/EducationHas a trade or occupational certification that required at least one year full-time post-secondary training or apprenticeship equivalent10
15
Has completed a Bachelor Degree or Post-Graduate Degree/Designation in a Business, Agriculture, or Science/Technology field15
Net Business and Personal Assets$500,000 – $549,999 CAD0
$550,000 – $749,999 CAD5
$750,000 – $999,999 CAD1015
$1,000,000+ CAD15

Business Experience:

FactorDescriptionPointsMaximum points
Entrepreneurial experience4 to 7 years entrepreneurial experience1020
8 or more years entrepreneurial experience15
4 to 7 years entrepreneurial experience with 50%+ ownership in business15
8 or more years entrepreneurial experience with 50%+ ownership in business20
Business revenue $50,000 – $99,999 CAD 5 20
 $100,000 – $249,999 CAD 10
 $250,000 – $499,999 CAD 15
 $500,000 CAD+ 20
 Innovation Previous verifiable experience in: Export Trade 10 10
 Registered patents 10
 Gazelle business 10

 Business Establishment Plan

FactorDescriptionPointsMaximum points
Investment amount
(Total equity to establish or purchase and expand an eligible business in SK)
$200,000 – $349,999 CAD020
$350,000 – $499,999 CAD5
$500,000 – $749,999 CAD10
$750,000 – $999,999 CAD15
$1,000,000+ CAD20
 Investment in Key Economic Sectors Science and technology 1515
 Manufacturing 15
 Export 15
 Rural business succession 15
Rural business development15

Invitation history

Expression of Interest (EOI) Selections
January 17, 2018Points RangeTotal Invitation Issued
80 or above251
 October 31, 2017 Points Range Total Invitation Issued
 80-135265
 July 19, 2017 Points Range Total Invitation Issued
 180-145 98
 May 24, 2017 Points Range Total Invitation Issued
 80-140 142
 March 2017 Points RangeTotal Invitation Issued
90-135107
December 2016Points RangeTotal Invitation Issued
120-13014
September 2016Points RangeTotal Invitation Issued
110-13557
May 2016Points RangeTotal Invitation Issued
110-15588
October 2015 Points Range Total Invitation Issued
110-15570

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