Top 3 Saskatchewan Entrepreneur Immigration Programs

You can now use the Entrepreneur Immigration Program to immigrate to Saskatchewan as a business man.

The Saskatchewan Entrepreneur Immigration Programs have become one of the easiest immigration programs under the SINP. The program allows entrepreneurs who want to live in the province to immigrate to Saskatchewan.

Therefore, if you are an entrepreneur and you know that your business can help in the development of the Saskatchewan economy, then, the program will be helpful to you. 

Meanwhile, you must know that candidates who have completed their exploratory visits on or after March 18, 2019 will only be accepted on a temporary basis. However, this will end immediately Canada lifts the ban on travel restrictions. In other words, visits must be conducted within 12 months of submission of Expression of Interest.  

As a result, on this page, you will get all the necessary information you need about the Saskatchewan Entrepreneur Immigration Programs. First of all, you will learn about the program and businesses allowed including the requirements.

Secondly, you will learn about the process of applying for the program. In addition to that, you will also learn about the businesses that are not included in the stream. Then, you will learn about the documents you need before you can apply for the program.

Thirdly and most importantly, you will learn about the top Saskatchewan Entrepreneur Immigration Programs. 

In this article

Saskatchewan Entrepreneur Immigration Programs

The Saskatchewan Entrepreneur Immigration Programs are among the Saskatchewan Immigration Nominee Programs which allows the Saskatchewan government to nominate candidates who qualify to immigrate to the province as entrepreneurs. Therefore, if you are a business owner, or you are planning to own a business in Saskatchewan, you can use this program to immigrate to Canada or Saskatchewan in particular. 

However, there are certain requirements you must meet to qualify for the program. Also, there are businesses that are not allowed in this program. Hopefully, you will get all that below. 

Eligible Businesses for Saskatchewan Entrepreneur Immigration Programs

First of all, every business does not qualify to apply for the Saskatchewan Entrepreneur Immigration Programs. Therefore, to become eligible, your business must:

  • Create economic benefits for Saskatchewan.
  • Be an existing business or a new business meeting economic needs in Saskatchewan.

In addition to the above mentioned conditions, eligible businesses should also include the following:

  • Be sole proprietorships, partnerships or corporations.
  • Meet the legal requirements of the community they operate in.
  • Be a for-profit entity
  • Be a permanent establishment.

Ineligible Businesses for Saskatchewan Entrepreneur Immigration Programs

Some businesses do not qualify for the Saskatchewan Entrepreneur Immigration Programs. Subsequently, the following businesses are not eligible to register. They include:

  • 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.
  • Businesses operated primarily for passive investment income.
  • Any business located in a multi-business retail condo 

Program Requirements Saskatchewan Entrepreneur Immigration Programs

Before you can submit your EOI for Saskatchewan Entrepreneur Immigration Programs, you must meet the following eligibility criteria: 

  • Complete the Points Assessment Grid.
  • Have a minimum of $500,000 (CAD) in Net Business and Personal Assets.
  • Have at least three years of relevant business management or entrepreneurial experience gained in the past ten years.
  • Plan to invest a minimum of $300,000 (CAD) in Regina and Saskatoon, or a minimum of $200,000 (CAD) in all other Saskatchewan communities.

However, the Saskatchewan government will still assess the information you give in your EOI against the Points Grid. With this information, they will rank your EOI in the pool of candidates. Then, successful candidates are selected based on their score. 

Therefore, if you are among the selected candidates, you will get an invitation to apply for the SINP.

Meanwhile, you must submit a Business Establishment Plan (BEP) once you get this invitation. Your BEP must include:

  • Your plan to establish an eligible business that aligns with the points in the Entrepreneur Category Points Grid.
  • Your ownership of at least one-third of the equity of a business in Saskatchewan, unless your total investment is $1 million CAD or higher.
  • The creation of two employment opportunities in Saskatchewan for Canadians or permanent residents who are not related to you.   
  • Your commitment to the day-to-day management of the business.

Required Documents for Saskatchewan Entrepreneur Immigration Program

To be eligible for the Saskatchewan Entrepreneur Immigration Program, you must upload the necessary documents. One good thing is that you can upload these documents in English or French. They include:

  • An electronic copy of the original document.
  • An electronic copy of the English or French translation of the document.
  • Electronic copy of a Translator Affidavit that describes the ability of the translator.

However, translations may be done by anyone, except:

  • Your spouse.
  • A member of your family.
  • A paid third party that has prepared your application to the SINP.

How to apply for Saskatchewan Entrepreneur Immigration Program

There are four steps to follow while applying for the Saskatchewan Entrepreneur Immigration Program. These steps are very necessary, therefore, you must make sure that you follow these steps as stated below:

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

First of all, you must submit your expression of interest for the SINP. This will be judged with other expression of interest submitted by other candidates. Then, the SINP authorities will select the best candidates.  

Step 2: EOI Selection and Invitation to Submit an Application

If you are among the best candidates, you will be selected based on points. Therefore, candidates with the highest points are selected during each draw.  Once you are selected, then, you will get an invitation to apply.

Step 3: Business Establishment

The next step is to show your business establishment. This will show whether you will be nominated or not. Nomination is generally by merits. Therefore, you must meet all the requirements before you can get nominated. 

Step 4: Nomination

The fourth and most important step is nomination. Only candidates who meet all the requirements for the Saskatchewan Entrepreneur Immigration Program are nominated. 

Top 3 Saskatchewan Entrepreneur Immigration Programs

Specifically, there are three programs under the Saskatchewan Entrepreneur Immigration Program, therefore all candidates must use any of these programs. 

1. Purchasing an Existing Business

The first Program is for entrepreneurs who want to buy an already existing business. This allows businessmen who have the intention of buying an already existing business in Saskatchewan to immigrate to the province. The advantage of this stream is that you can get additional points. 

However, for you to buy an existing business, there are certain conditions you must meet. The conditions include:

  • The business must have been in operation in Saskatchewan by the same owner for the past three years before purchase.
  • You must complete an exploratory visit to meet the previous owners.
  • You must establish a fair market value for the business.
  • There must be a complete change in ownership to you.
  • Canadian citizens or permanent residents in the business must retain their employment.
  • The existing wages and employment terms must remain the same. 

2. Purchasing an Existing Business from an SINP Entrepreneur Nominee

Sometimes, a SINP candidate may owe the business you want to but. However, this doesn’t stop you from buying the business. Rather, you will fulfill certain conditions. In such case, you must meet the following conditions:

  • The business must have been in ongoing operation by the previous owner for at least three years and must show a net profit for at least two years. 
  • The previous owner must be either a Permanent Resident or a Canadian Citizen.
  • You must complete an exploratory visit to meet the current owners.
  • You must establish a fair market value for the business.
  • There must be a complete change in ownership to you.
  • Canadian citizens or permanent residents in the business must retain their employment..
  • The existing wages and employment terms must remain the same.

3. Join Ventures between SINP Program Applicants

Another stream under the Saskatchewan Entrepreneur Immigration Program is the joint ventures between SINP program applicants. In this stream, two applicants of may decide to use one business to immigrate to Saskatchewan. This is possible, however, they must meet the following requirements: 

  • The operation of a new business;
  • The purchase of an existing business
  • A partnership with a Permanent Resident or Canadian Citizen:
  • In the case of purchasing a business, the business must have been in ongoing operation in Saskatchewan by the same owner for the past three years before purchase.
  • All applicants must complete an exploratory visit to meet the previous owners or business partners.
  • All applicants must establish a fair market value for the business.
  • There must be a complete change in ownership to you and your business partner(s).
  • You must maintain employment for existing Canadian citizens or permanent residents.
  • All applicants must clearly indicate on their application forms that they are proposing a joint venture with a program applicant or a permanent resident or Canadian citizen.
  • Each partner must send their individual EOI at the same time.
  • Each partner will be evaluated separately. 
  • If SINP does not select one fo the partners, other applicants must update their business proposal.
  • If SINP selects all partners from the EOI pool, then, each partner must sign a separate Business Performance Agreement.
Ontario Entrepreneur Immigration

Frequently Asked Questions

What is the minimum amount for Saskatchewan Entrepreneur Immigration Program?

Before you can apply for Saskatchewan Entrepreneur Immigration Program, you must have at least a minimum of $500,000 (CAD) in Net Business and Personal Assets. However, you must plan to invest a minimum of $300,000 (CAD) in Regina and Saskatoon, or a minimum of $200,000 (CAD) in all other Saskatchewan communities. 

Who can I include in my application for SINP Entrepreneur Immigration Program?

In your SINP Entrepreneur application, you must include all persons who depend on you. In other words, you must include even your dependents who are not coming to Saskatchewan with you.