Applicants wishing to apply under the Saskatchewan Provincial Nominee Program’s Entrepreneur Immigration Category must include a business plan in their application.
Among them, in the first stage of preliminary screening, SINP Business Concept (Business Concept) is very important. If you fail the first stage of screening, you will not receive an invitation to apply (Invitation to Apply).
Applicants invited to participate in the second stage of the application process must submit a detailed business plan. The proposal should be based on the business concept provided in the first application stage. In the proposal, the applicant can defend and support the claims made in the first stage of the application and can further make a strong case for the potential of its business concept.
The business concept plan and the detailed business plan are two-in-one, unified whole. One is the outline and the other is the detailed content. They need to be planned as a whole. It is best to entrust the same professional to create the two stages to avoid writing style and financial budget. , errors and mismatches occur in key judgments, thus affecting the overall situation.
To increase your chances of success, a SINP business plan must follow a specific format and be written in a convincing, believable manner. SINP receives a large number of business plans every year. Due to low-quality business plans, even excellent business concepts will be rejected and fall short.
All in all, as an applicant for the Saskatchewan Provincial Nominee Program, you must present at least two top-notch business plan documents. Don’t take any chances with the quality of the documents throughout the process. You can rely on the expertise of our professional team of business plan writers. Expertise to make your application stand out.
Contact us to learn more about how we can help you maximize your chances of a successful application.
The following content is an excerpt from the current official guidelines and is for reference only. Our company cannot guarantee that there will be no time difference with the official website of the Immigration Bureau.
The Entrepreneur Category Process
There are four steps to the nomination process:
- Expression of Interest (EOI) submission to the SINP
- EOI Selection and Invitation to Submit an Application
- Candidates' EOIs are selected based on their points score with those with the highest points selected during each draw. The number selected is dependent on program requirements (eg application inventory).
- After candidates are invited to apply, applications are processed in the order that they are received.
- Business Establishment
- Nomination
The SINP does not provide priority processing or preferential treatment for any applications, and all applicants must meet all program requirements. The SINP does not endorse or support any Saskatchewan-based companies or projects.
Program Requirements
Note the following important information, before you submit your EOI:
- To submit an EOI to the SINP, you must:
- Meet the minimum entry criteria; and
- Complete the Points Assessment Grid in order to be scored once your EOI is in the pool of candidates.
- To meet the minimum entry criteria you must:
- Have $500,000 (CAD) at minimum in Net Business and Personal Assets;
- Have a minimum of three years of relevant business management or entrepreneurial experience gained in the past ten years; and,
- Intend to invest a minimum of $300,000 (CAD) in Regina and Saskatoon or a minimum of $200,000 (CAD) in all other Saskatchewan communities.
- We'll assess the information you provide in your EOI against the points grid to rank your EOI in the pool of candidates. Candidates are then selected from the EOI system based on their score, with top scoring EOIs being prioritized for selection. Selected candidates are invited to apply to the SINP.
- If you are invited to apply you must submit a Business Establishment Plan (BEP) that corresponds to the information in your EOI. Your BEP must include:
- Your plan to establish an eligible business that aligns with the points assigned in the Entrepreneur Category Points Grid, if applicable (for investment amount and sector);
- Your ownership of at least one third (33 1/3 per cent) of the equity of a business in Saskatchewan, unless your total investment is $1 million CAD or higher;
- Your commitment to provide active and on-going participation in the day-to-day management and direction of the business; and
- The creation of two employment opportunities in Saskatchewan for Canadians or permanent residents who are not related to you.
- This only applies if you're establishing a new business in Regina or Saskatoon.
Please note that the SINP reserves the right to have Business Establishment Plans assessed by professional third parties identified by the Government of Saskatchewan. The assessment conducted by Third Parties will focus on the preparation and due diligence conducted by the applicant in preparing their proposed business plan.
See the Application Guide for the Entrepreneur Category for more information.
