Saskatchewan Entrepreneur Program

Saskatchewan Entrepreneur Program: Pioneering Business Ventures in Canada

Unlock your entrepreneurial dreams with the Saskatchewan Entrepreneur Program. Crafted for aspiring business moguls seeking to establish their ventures in Saskatchewan, this program offers a pathway to Canadian permanent residence.

Eligibility goes beyond minimum requirements; a point-based system assesses factors like age, education, investment, and business plan. Successful candidates, meeting or exceeding draw thresholds in regular SINP draws, secure an Invitation to Apply (ITA).

Distinct from the Express Entry Program, the Entrepreneur Stream involves a longer processing timeline. However, the program’s promise of entrepreneurial success and Canadian residency makes it a compelling choice for determined visionaries.

Embark on your entrepreneurial journey with Saskatchewan – where business opportunities meet Canadian aspirations.

Saskatchewan Entrepreneur Stream Eligibility Requirements

For Prospective Applicants:

Aspiring entrepreneurs seeking entry via the Saskatchewan Entrepreneur Stream must meet these rigorous eligibility benchmarks. From financial stature to business prowess, this pathway underscores commitment to both local economies and Canadian entrepreneurship.

For Enterprises:

For entrepreneurs, these business prerequisites underscore the symbiotic relationship between enterprise success and Saskatchewan’s economic prosperity.

Below outlines a roster of disqualified candidates and categories of ineligible businesses:

Inadmissible Applicants:

-Individuals seeking refugee status in Canada.

-Individuals residing unlawfully in their home country or in Canada.

-Those with removal orders from IRCC or Canada Border Services Agency.

-Individuals barred from entering Canada.

-Applicants with dependent family members (regardless of accompaniment) facing severe medical conditions.

-Applicants with dependent family members over 18 years old carrying a criminal record.

-Those entangled in unresolved family custody or child support conflicts affecting any family member.

-Applicants who have deliberately misrepresented themselves in their application.

Inadmissible Business Ventures:

-Activities revolving around property rental, investment, and leasing.

-Real estate construction, development, brokerage, insurance brokerage, or business brokerage.

-Professions demanding licensing or accreditation for self-employment.

-Businesses engaged in payday loans, cheque cashing, money-changing, and cash machines.

-Involvement with credit unions.

-Home-based enterprises including bed-and-breakfasts and lodging houses.

-Ventures structured as co-operatives.

-Investments targeting businesses primarily aimed at generating passive investment income.

-Businesses situated within a multi-business retail/condo/location/project or business incubator not yet operational, dependent on SINP entrepreneur investment or operations for development or continuity.

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Essential Documentation for Saskatchewan Entrepreneur Program

Upon receiving an Invitation to Apply for the Saskatchewan Entrepreneur stream, applicants must furnish the following pivotal documents:

Application Fee for Saskatchewan Entrepreneur Program

For the Saskatchewan Entrepreneur stream, a non-reimbursable processing fee of 2,500 CAD is obligatory from the applicant.

Estimated Application Processing Time:

As of the latest data spanning January 1 to March 31, 2021, the SINP processes entrepreneur stream applications within the following timeframes:

Upon the applicant’s submission of a comprehensive application and third-party verification report to the SINP, an Approval Letter and Temporary Work Permit Support Letter are issued. The subsequent step involves a waiting period of approximately 14 weeks for the issuance of the Provincial Nomination.

Step-by-Step Process for Saskatchewan Entrepreneur Stream Application:

Step 1: Express Interest Submission

Commence the journey by expressing interest in establishing a business and residing in Saskatchewan. This involves submitting crucial details like entrepreneurial experience, investment intentions, net worth, and a comprehensive business establishment plan.

Candidates meeting eligibility criteria enter the Expression of Interest (EOI) pool, where they undergo evaluation and ranking via a score-based system.

Step 2: Invitation to Apply (ITA)

Selected candidates from the EOI pool receive an Invitation to Apply. Top-ranking candidates gain priority for formal ITAs. This initiates the verification phase, with candidates having 20 days to pay a non-refundable fee of $2,500 CAD. Supporting documents and a Business Establishment Plan must be submitted within 90 days, along with a third-party verification report within 180 days post-ITA reception.

Step 3: Evaluation and Interview

Candidates undergo a video conference interview as part of the evaluation process. Notably, interview costs are the responsibility of the candidate.

Step 4: Business Performance Agreement (BPA)

Successful interviews lead to the signing of a Business Performance Agreement within 30 days. This legally binding document outlines investment amounts, business operation timelines, job creation goals, and essential business milestones.

Step 5: Acquire Temporary Work Permit (TWP)

Upon receiving an Approval Letter from SINP Entrepreneur, candidates can apply for a Temporary Work Permit. This facilitates a 2-year work period in Saskatchewan to implement the proposed business plan.

Step 6: Provincial Nomination Application

Upon fulfilling all Business Performance Agreement terms, candidates can apply for provincial nomination. This requires adhering to financial obligations, legal requirements, and operating the proposed business in line with the BPA for a minimum of 6 months.

Step 7: Permanent Residence Application

With a Saskatchewan provincial nomination in hand, the final stride is submitting a permanent residence application to IRCC within 6 months.

Embark on your Saskatchewan Entrepreneur Stream journey with confidence, armed with a comprehensive understanding of the step-by-step process.

How Izago Immigration Can Assist You ?

How can Izago Immigration help you?

Izago Immigration offers comprehensive assistance to individuals seeking to immigrate to Canada through various Saskatchewan Entrepreneur Program streams. These streams often have stringent standards, leading to a high rate of application refusal for those not prepared and filed correctly. Our expertise lies in guiding applicants through these complex processes and intricate documentation requirements, increasing the chances of successfully obtaining a Canada PR Visa.

Our team of seasoned Immigration Experts has assisted numerous families in successfully relocating to Canada through the Federal Express Entry Program. With their proficiency and experience, they can thoroughly assess your unique case and recommend the most suitable approach to cater to your immigration needs.

Having been a prominent figure in the immigration industry for over 16 years, Izago Immigration has garnered a wealth of positive reputation and extensive experience. We have consistently supported a diverse range of aspiring immigrants in realizing their dreams of moving overseas.

As a top-tier brand in the Immigration sector, Izago Immigration stands out as a highly dependable immigration firm with an impressive track record of facilitating thousands of successful PR Visa applications. Several key factors contribute to our status as the premier Immigration Consultant for obtaining a Canada PR Visa:

For those aspiring to secure a Canada PR Visa, Izago Immigration emerges as the ultimate partner, offering expertise, reliability, and a history of successful outcomes. Our dedication to excellence and commitment to applicants’ success sets us apart in the field of immigration consultancy. Contact us now!