SINP Saskatchewan Entrepreneur Category
Nomination Criteria There are four criteria in the SINP Entrepreneur Category that you must meet to be approved for nomination:- A minimum net worth of CAD$300,000 that can be verified.
- Accumulation of net worth through legal means, which can be verified.
- Minimum 3 years entrepreneurial or relevant business management experience.
- Intent to reside and actively invest in Saskatchewan, which is evaluated using the Intent Grading Grid.
Program criteria may change without notice and applications will be assessed according to the criteria on the Saskatchewan immigration website when the SINP receives your completed application. Please be advised the SINP is subject to a nomination limit set by the federal government and application intake thresholds. The ability to be nominated is affected by these constraints and program criterion. No application is guaranteed to be accepted and/or nominated.
Requirements:If you are approved for nomination by the SINP - Entrepreneur Category, you will be required to:
- Have a minimum active investment of CAD$150,000 in the Province of Saskatchewan. If you own less than 1/3 of the business, then your total investment must be worth at least CAD$1,000,000;
- Be involved in the day-to-day management of your business; and
- Make a CAD$75,000 Good Faith Deposit. If you meet certain conditions, you may apply for your Good Faith Deposit to be returned.
An interview is not obligatory for the SINP - Entrepreneur Category, but we may request an interview if we need to further review your criteria. If you are nominated by the SINP, Citizenship and Immigration Canada (CIC) is responsible for assessing your eligibility for Permanent Residency, including an assessment of health, criminality and security. The SINP is not responsible for CIC's decision to grant or deny Permanent Residency status.
Landing MeetingIf you are nominated under the Entrepreneur or Farm categories, you are required to contact the SINP office within 30 (thirty) days of landing in Saskatchewan as a Permanent Resident or arriving on a Temporary Work Permit to schedule a meeting.
Please note that all applications to the SINP Entrepreneur and Farm Categories submitted as of October 29, 2010 must include a CAD$2,500 application processing fee (non-refundable).