SINP : Saskatchewan Entrepreneur Immigration Program
What is SINP Entrepreneur Stream?
The SINP Entrepreneur Stream refers to the Saskatchewan Immigrant Nominee Program (SINP) Entrepreneur Category, which is an immigration pathway designed for experienced entrepreneurs and business owners who wish to establish, acquire, or partner in a business in the province of Saskatchewan, Canada.
The SINP Entrepreneur Stream operates on an Expression of Interest (EOI) system, where interested candidates submit their profiles to the SINP and are assessed based on various factors such as their business experience, net worth, investment amount, language proficiency, and adaptability.
- Here are the key features and requirements of the SINP Entrepreneur Stream:
- Minimum net worth of CAD $500,000, legally obtained and verifiable.
- Minimum investment of CAD $300,000 in Regina or Saskatoon, or CAD $200,000 in any other Saskatchewan area.
- Minimum three years of entrepreneurial or relevant management experience.
- Intent to actively invest in and operate a business in Saskatchewan.
- Language proficiency in either English or French at a minimum Canadian Language Benchmark (CLB) 4.
- Candidates submit an online EOI profile to the SINP, providing information about their business experience, net worth, investment plan, and other relevant details.
- EOIs are ranked and selected based on the points assigned to various factors, including age, education, language ability, experience, and adaptability.
- Highest-scoring candidates in the EOI pool are invited to submit a complete application to the SINP.
- Invited candidates have 60 days to submit their application along with the required supporting documents.
- Applicants must develop a comprehensive business establishment plan, outlining their proposed business venture, investment details, market research, and operational strategy.
- The plan should demonstrate the potential for business growth, job creation, and contribution to the Saskatchewan economy.
- The SINP assesses the application based on the eligibility criteria, supporting documents, and the viability of the proposed business.
- Applicants may be interviewed by a SINP representative to discuss their business plan and intentions.
- Successful applicants may be issued a temporary work permit to establish and operate their business in Saskatchewan.
- The work permit allows them to immigrate to Canada and manage their business during the establishment phase.
- Once the business is established, the applicant signs a Business Performance Agreement (BPA) with the SINP.
- The BPA outlines the terms and conditions of operating the business and achieving specified targets within a specific timeframe.
- After fulfilling the terms of the BPA, applicants can request a nomination from the SINP to apply for permanent residency with Immigration, Refugees and Citizenship Canada (IRCC).
- The final decision regarding permanent residency is made by IRCC, which conducts medical and security checks.
SINP business categories
- The SINP (Saskatchewan Immigrant Nominee Program) offers four business categories for entrepreneurs and business owners who are interested in immigrating to Saskatchewan, Canada. These categories are:
- This category is designed for experienced entrepreneurs who plan to establish, acquire, or partner in a business in Saskatchewan.
- Eligible candidates must have a minimum net worth of CAD $500,000, legally obtained and verifiable.
- They are required to make a minimum investment of CAD $300,000 in Regina or Saskatoon, or CAD $200,000 in any other Saskatchewan area.
- Candidates must have a minimum of three years of entrepreneurial or relevant management experience.
- They should intend to actively invest in and operate a business in Saskatchewan.
- Language proficiency in either English or French at a minimum Canadian Language Benchmark (CLB) 4 is required.
- Successful applicants receive a temporary work permit to establish and operate their business in Saskatchewan and may be eligible to apply for permanent residency after fulfilling the terms of the Business Performance Agreement.
- This category is aimed at individuals with proven experience in farming operations who wish to purchase and operate a farm in Saskatchewan.
- Candidates must have a minimum net worth of CAD $500,000, legally obtained and verifiable.
- They are required to make a minimum investment of CAD $300,000 in Regina or Saskatoon, or CAD $200,000 in any other Saskatchewan area.
- Applicants must provide a detailed proposal for a commercial farming opportunity in Saskatchewan, including a business plan and evidence of their relevant experience and knowledge.
- Successful applicants receive a temporary work permit to operate their farm in Saskatchewan and may be eligible to apply for permanent residency after fulfilling the terms of the Farm Establishment Plan.
- This category is specifically for young farmers aged 18 to 39 who have experience in farming and wish to establish a farming operation in Saskatchewan.
- Candidates must have a minimum net worth of CAD $300,000, legally obtained and verifiable.
- They are required to make a minimum investment of CAD $150,000 in tangible assets related to the farming operation.
- Applicants must provide a detailed proposal for a commercial farming opportunity in Saskatchewan, including a business plan and evidence of their relevant experience and knowledge.
- Successful applicants receive a temporary work permit to operate their farm in Saskatchewan and may be eligible to apply for permanent residency after fulfilling the terms of the Farm Establishment Plan.
- This category is designed for international graduates who have completed a minimum two-year full-time program from a recognized post-secondary institution in Canada.
- Eligible candidates must have either a valid Post-Graduation Work Permit (PGWP) or have completed a degree or diploma program from a designated Saskatchewan educational institution.
- Candidates must have owned and actively operated a business in Saskatchewan for at least one year while on a valid PGWP.
- They should have a minimum 33 1/3% ownership of the business, or 50% ownership if the business is in a key economic sector.
- The business must have been established as a for-profit entity and must have the potential for sustained commercial viability.
- Candidates must demonstrate their intention to settle in Saskatchewan and actively manage their business.
- Language proficiency in either English or French at a minimum Canadian Language Benchmark (CLB) 7 is required.
- Successful applicants receive a nomination from the SINP, which can be used to apply for a work permit. Subsequently, they can operate their business and may be eligible to apply for permanent residency after fulfilling the terms of the Business Performance Agreement.