The Ultimate Guide to the SINP Entrepreneur Program: Steps, Tips, and Success Strategies for 2024

The Saskatchewan Immigrant Nominee Program (SINP) Entrepreneur Category is a well-structured immigration pathway for experienced businesspeople who want to establish, acquire, or operate a business in Saskatchewan. The program encourages entrepreneurial talent that contributes to the province’s economic development while offering a clear pathway to permanent residency.

Below, we’ll walk you through every aspect of this program, from eligibility requirements to application steps, so you can confidently prepare your submission.

1. Overview of the SINP Entrepreneur Program

The SINP Entrepreneur Program is part of the Saskatchewan Immigrant Nominee Program, allowing the province to nominate individuals for permanent residency. This category targets entrepreneurs willing to:

• Start a new business in Saskatchewan,

• Purchase or partner in an existing business, and

• Reside and actively manage the business in Saskatchewan.

Program Highlights:

• A three-step process: Expression of Interest (EOI), application, and nomination.

• Temporary work permit leading to permanent residency.

• A focus on creating jobs and contributing to economic growth.

2. Eligibility Requirements

To qualify for the SINP Entrepreneur Program, you must meet the following minimum requirements:

1. Net Worth:

• A minimum of CAD $500,000 in legally acquired personal and business net worth.

• Assets must be verified by a SINP-approved third-party financial service provider.

2. Business/Management Experience:

• At least three years of relevant business ownership or management experience in the past 10 years.

3. Investment Requirements:

• CAD $300,000 minimum in the Regina or Saskatoon Census Metropolitan Areas (CMAs).

• CAD $200,000 minimum in other Saskatchewan communities.

4. Ownership and Job Creation:

• Ownership of at least one-third of the business, unless a total investment exceeds CAD $1 million.

• Creation of at least two jobs for Canadian citizens or permanent residents (if the business is in Regina or Saskatoon).

5. Language Proficiency:

• Minimum Canadian Language Benchmark (CLB) level of 5.

6. Exploratory Visit:

• A mandatory five-day exploratory visit to Saskatchewan within the last 12 months.

3. Eligible and Ineligible Businesses

Eligible Businesses

Your proposed or existing business must:

• Be for-profit and focused on generating revenue through the sale of goods or services.

• Meet local legal and operational requirements.

• Demonstrate potential for economic benefits, such as innovation, job creation, or serving underserved markets.

Ineligible Businesses

The following are examples of ineligible businesses:

• Property rental, real estate, or investment activities.

• Pay-day loans, pawnshops, and similar financial services.

• Home-based businesses like bed-and-breakfasts.

• Businesses relying primarily on passive income.

• Seasonal businesses or wholesale trade establishments.

4. Application Process

The SINP Entrepreneur Program involves three main stages:

Step 1: Submit an Expression of Interest (EOI)

• Complete an online EOI through the SINP portal.

• The EOI is not an application; it is a way to express your interest.

• EOIs are scored based on a points grid, considering factors like net worth, investment amount, age, language ability, and business experience.

• High-ranking candidates are invited to apply.

Step 2: Application and Business Establishment Plan (BEP)

• If selected, submit a full application within 90 days of receiving the Invitation to Apply (ITA).

• Pay a CAD $2,500 non-refundable processing fee.

Provide a detailed Business Establishment Plan (BEP) outlining:

• Business goals, market research, and operational plans.

• Job creation details and economic benefits to Saskatchewan.

• A clear investment breakdown.

Step 3: Temporary Work Permit and Business Operation

• Upon approval, sign a Business Performance Agreement (BPA) and receive a support letter to apply for a Temporary Work Permit (TWP).

• Arrive in Saskatchewan and actively manage your business.

• Operate your business for at least 12 months while fulfilling the BPA requirements.

5. Scoring Criteria for EOIs

Your EOI will be scored based on the following factors:

Criteria Points

Age (21-54 years) Up to 15

Language Proficiency (CLB 5+) Up to 10

Business/Management Experience Up to 20

Net Worth ($500,000+) Up to 15

Investment Amount ($200,000+) Up to 20

Key Economic Sectors Up to 15

6. Exploratory Visit

Applicants must conduct an exploratory visit to gain insights into the Saskatchewan business environment. During this visit, you should:

• Meet with local stakeholders, including suppliers, realtors, lawyers, and accountants.

• Gather information on market opportunities and operational requirements.

• Submit an Exploratory Visit Report detailing your activities and findings.

7. Business Performance Agreement (BPA)

The BPA is a legal agreement with the Government of Saskatchewan, outlining your business commitments, including:

• Investment amount.

• Business sector and location.

• Job creation or maintenance targets.

Failure to meet the terms of your BPA may result in the rejection of your nomination application.

8. Permanent Residency Nomination

After fulfilling your BPA and operating your business for at least 12 months, you can apply for nomination. Key requirements include:

• Proof of investment and business activity.

• Evidence of job creation or maintenance.

• Compliance with residency requirements in Saskatchewan.

9. Common Challenges and Tips for Success

1. Comprehensive Business Plan:

Your BEP should be detailed, well-researched, and demonstrate economic benefits.

2. Complete Documentation:

Ensure all supporting documents are accurate, up-to-date, and translated into English or French if necessary.

3. Proactive Communication:

Maintain open communication with SINP officers and respond promptly to any requests or inquiries.

4. Adherence to Timelines:

Meet all deadlines for application submission, reporting, and BPA compliance.

10. Benefits of the SINP Entrepreneur Program

• Pathway to Permanent Residency: A structured route to settle in Canada with your family.

• Business-Friendly Environment: Saskatchewan offers a growing economy, skilled workforce, and low operational costs.

• Supportive Resources: Access to government-funded settlement services, including language training and business advice.

Wrapping Up

The SINP Entrepreneur Program is a golden opportunity for entrepreneurs looking to contribute to Saskatchewan’s economic growth while building a future in Canada. However, success requires careful planning, thorough preparation, and a clear understanding of program requirements.

At Blacksy, we specialize in guiding entrepreneurs through the complexities of programs like the SINP. Whether it’s preparing your EOI, crafting a compelling BEP, or ensuring compliance with your BPA, we are here to help you succeed.

📩 Contact us to start your journey toward Saskatchewan and a brighter future in Canada!

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About the Author

I’m Ahmet Faruk Ocak, a Canadian immigration lawyer and the founder of Blacksy Immigration Law Firm 🌊. 

At Blacksy, we specialize in providing honest, straightforward, and tailored immigration solutions to individuals and businesses worldwide. Our brand promise is simple: no unnecessary fuss, no false hopes, and no empty promises—just realistic, reliable guidance to help you achieve your immigration goals.

Whether you’re expanding your business to Canada, transferring top talent, or planning your future here, we’re here to guide you with precision, transparency, and care.

Visit us at www.blacksyimmigration.com to learn more or to start your journey.