Saskatchewan
Saskatchewan Entrepreneur Stream
The Saskatchewan Entrepreneur stream is a three-stage process:
- Expression of interest;
- Invitation to submit an application;
- Nomination;
Successful candidates initially come to Canada on a temporary work permit.
They become eligible to apply for nomination after a minimum of 6 months spent establishing their business.
The expression of interest must meet the following minimum entry requirements:
- Minimum net worth of $500,000 legally acquired.
- Minimum of three years of entrepreneurial or relevant management experience.
- Investment of at least $300,000 in Regina or Saskatoon, or $200,000 is any other Saskatchewan area.
Candidates enter a pool where they receive a score. The top scoring candidates are invited to submit an application.
Applications must include:
- Business Establishment Plan confirming figures in expression of interest, and including at least one-third ownership of a company in Saskatchewan, unless investment is $1 million or higher.
- Commitment to be active in the day-to-day management of the business.
- Creation of two or more jobs for Canadian citizens or permanent residents if the business is located in Regina or Saskatoon.
Candidates who meet requirements must sign a Business Performance Agreement (BPA).
The SINP will then issue a letter to support a work permit application.
If the work permit application is successful, candidates come to Canada and begin establishing their business.
After 6 months, candidates become eligible to apply for the provincial nomination for permanent residence. They must also meet the terms of the BPA.
International Graduate Entrepreneur Stream
Saskatchewan’s International Graduate Entrepreneur stream aims to help international students graduating from eligible Saskatchewan institutions stay in the province as entrepreneurs, while also attracting business investment.
International Graduate Entrepreneur Stream: Requirements
- Be at least 21 years of age.
- Have completed a full-time Saskatchewan post-secondary degree or diploma of at least two years in length from a recognized and eligible Saskatchewan institution.
- Have a valid Post-Graduate Work Permit with no less than 24 months of eligibility remaining.
- Have lived in Saskatchewan during their academic program.
- Have a minimum Canadian Language Benchmark (CLB) level of 7.
Requirements For Business Establishment
- Live in Saskatchewan.
- Actively own and operate an eligible business in Saskatchewan for at least one year prior to applying for nomination.
- Own at least one third of the equity of the business.
- Demonstrate that the business is generating the minimum required revenue amount after one year of operation, dependent on the number of employees.
- Sign a Business Performance Agreement with the Government of Saskatchewan, which will be provided to you by the SINP after your application is approved.
Farm Owners/Operators Stream
This category is aimed at individuals with experience in farming who wish to purchase and operate a farm in Saskatchewan.
It also includes a stream aimed at young farmers wishing to establish in the province.
Successful candidates are issued permanent residence directly. Certain candidates can enter Saskatchewan on a temporary work permit while their PR application is processed.
Requirements For The Farm Owners/Operators Stream
- Net worth of $500,000;
- Deposit of $75,000 with the province, refundable upon meeting the terms of a performance agreement with the province;
- Exploratory visit to Saskatchewan prior to the application;
- Documented farm operation knowledge and experience;
- Practical, well-thought-out proposal for a commercial Saskatchewan farming opportunity.
Requirements For The Young Farmer Stream
- Minimum net worth of $300,000;
- Under the age of 40 at the time of application;
- Minimum of 3 years experience in farm ownership, management or practical farming;
- Make a viable proposal for a commercial farming opportunity in Saskatchewan with a reasonable expectation of profit;
- Have other marketable skills that will supplement a farming income;
- Conduct an exploratory visit prior to the application.