Saskatchewan Business Immigration Programs

Saskatchewan Entrepreneur Program

The new Saskatchewan Entrepreneur Program opened for applications in early 2015.

Now you and your family can establish, acquire or partner in a business in Saskatchewan and be actively involved in its management.

General Nomination Criteria

  • Net worth of CAD$500,000;
  • 3 years’ entrepreneurial experience or relevant business management experience out of last 10 years.
  • Minimum investment of CAD$200,000 in Saskatchewan (If business in Regina or Saskatoon, minimum investment must be $300,000)
  • If you own less than 1/3 of the business, then your total investment must be worth at least CAD$1 million
  • Involvement in the day-to-day management of your business
  • Must apply for Temporary Work Permit within 3 months of the date on the Saskatchewan Immigrant Nominee Program (SINP) Approval letter
  • Must reside in Saskatchewan and must comply with your Business Performance Agreement (BPA) including transferring the required funds to Canada, maintaining legal status in Canada
  • Must operate the business in accordance with your BPA for at least 6 months before requesting nomination
  • If establishing a business in Regina or Saskatoon then must hire 2 Canadians or if buying a business there must maintain staff level.
  • Business plan may be assessed by third party

Applicants are first asked to file an Expression of Interest (EOI) and are scored based on a point grid and are ranked for selection.

Buying an existing business

Points are available for purchasing an existing business and the same minimum investment amounts apply.

  • The Saskatchewan based business must have been in continuous operation by the same owner for the previous three years.
  • All applicants purchasing an existing business must complete an exploratory visit to meet the previous owners.
  • Applicants must provide evidence that reasonable efforts were taken to establish a fair market value for the business.
  • The succession buy-out must result in a complete change in ownership where the applicant will assume full control of the business
  • Applicants must commit to maintaining employment for existing Canadian citizens or permanent residents above the minimum required, as well as maintaining existing wages and employment terms.

Purchasing an Existing Business from an SINP Entrepreneur Nominee

  • The business must have been in continuous operation by the previous owner for at least three years and demonstrate a net profit for at least two of the previous three years,
  • The previous owner must be either a Permanent Resident or a Canadian Citizen.
  • All applicants purchasing an existing business must complete an exploratory visit to meet the current owners.
  • Applicants must provide evidence that reasonable efforts were taken to establish a fair market value for the business.
  • The succession buy-out must result in a complete change in ownership where the applicant will assume full control of the business.
  • Applicants must commit to maintaining employment for existing Canadian citizens or permanent residents.

Joint Ventures between SINP Program Applicants

Applicants can enter into a joint venture with another SINP applicant in the operation of a new business, the purchase of an existing business or a partnership with a Permanent Resident or Canadian Citizen.

The Saskatchewan based business must have been in continuous operation by the same owner for the previous three years.

  • Applicants must make an exploratory visit to meet the previous owners or business partners.
  • Applicants must provide evidence that reasonable efforts were taken to establish a fair market value for the business or investment amount.
  • Any succession buy-out must result in a complete change in ownership where the applicants will assume full control of the business.
  • When committing to maintain employment for existing Canadian citizens or permanent residents, applicants will not be required to create additional jobs.
  • When applying, all applicants must clearly indicate in their application form that they are proposing a joint venture with a program applicant or a permanent resident or Canadian citizen, and identify their proposed business partners
  • Each prospective applicant must submit their individual EOI simultaneously and will be evaluated individually, with selection from the EOI pool dependent on their ability to meet eligibility criteria and earn points as an individual, not part of a group or partnership
  • If any partner is not selected from the EOI pool for processing, all remaining partners will be required to update their business proposal, making any required changes to ensure they continue to be eligible for the EOI points previously earned
  • If all partners are selected from the EOI pool and approved, each partner will be required to sign a separate Business Performance Agreement, and each partner must meet the agreement terms in order to be approved for nomination
  • In the event that the SINP determines that one or more partners failed to meet the terms of their individual Business Performance Agreement for reasons beyond humanitarian and compassionate circumstances, all remaining partners will be required to update their performance agreement to ensure they continue to meet program criteria, including, but not limited to, changes to the required investment amount.

Ineligible Businesses

  • Property rental, investment, and leasing activities
o Real estate construction/development/brokerage, insurance brokerage orvbusiness brokerage
  • Professional services or self-employed business operators requiring licensing or accreditation
  • Pay day loan, cheque cashing, money changing and cash machines
  • Credit unions
o Home-based businesses, including bed-and-breakfasts and lodging houses
  • Co-operatives
o Investments into a business operated primarily for the purposes of deriving passive investment income

Landing Meeting

If you are nominated under the Entrepreneur or Farm categories, you must contact the Saskatchewan Immigrant Nominee Program (SINP) office within 30 days of landing in Saskatchewan to schedule a meeting.

Saskatchewan Farm Owners/Operators

The Farm Owner/Operator category is suitable for you if you are experienced in farming and you have capital to invest in a farming operation in Saskatchewan. There is also a Young Farmer Stream that is designed to let young farm families establish their lives in the province’s rural areas.

To qualify, you must satisfy four criteria:

  • Net worth of CAD$500,000;
  • Sign a Performance Agreement committing to buy a farm in Saskatchewan and make a “good faith” deposit of CAD$75,000 in trust. The deposit will be returned when you fulfill the Performance Agreement, but is forfeited if you fail to fulfill the Performance Agreement within 2 years of landing in Saskatchewan;
  • Exploratory visit to Saskatchewan of at least 5 working days’ duration and must meet with a Saskatchewan Immigrant Nominee Program (SINP) representative; and
  • Knowledgeable in farm operations.

Young Farmer Stream of the Farm Owner/Operator Category

Application Criteria:

  • Net worth of CAD$300,000 CAD that is 80% verifiable;
  • Under 40 years old;
  • 3 years’ farm ownership/management experience;
  • Proposal for a commercial Saskatchewan farming opportunity with a view for at least CAD$10,000 annual revenue based on formal research (hobby farms are excluded); and
  • You or your spouse must have marketable employment skills/education/experience that lets you supplement your farming income.

Nomination Requirements:

  • Exploratory visit at least 5 days long to Saskatchewan;
  • Practical farming experience with skills relevant to Saskatchewan’s farming conditions; and
  • Invest at least CAD$150,000 in a new or existing farming operation in Saskatchewan.