Canadian Law Group

Canadian Province of the Month: Saskatchewan

SaskatchewanSaskatchewan is one of the three Prairie Provinces in Western Canada, with a population of just over 1,100,000. The province’s main metropolitan cities, Saskatoon and Regina, have populations over 200,000 people. Saskatchewan has a notoriously low unemployment rate, which consistently remains at about half the national average (3.8% vs. 6.9%). The economy is heavily dependent on the production of oil and gas, while the majority of Saskatchewan’s labor force is employed in the service sector. Agriculture was historically the province’s biggest product for export (specifically, wheat, grains, and mustard seeds) but mining and natural resources have diversified the mix. Saskatchewan has a GDP per capita of over 70,000 CAD, placing it comfortably in the top five Canadian provinces with the highest GDP per capita.

Saskatchewan, like other provinces, allows applicants to start, acquire or partner in a business in Saskatchewan while residing in the province and being actively involved in the management of the business. Saskatchewan works on a points system; candidates submit their Expression of Interest (EOI) and those allocated the highest points are invited to apply. Applications are then processed in the order they are received, so speak to a trusted CKR mobility advisor to get started.

ENTREPRENEUR ELIGIBILITY CRITERIA

To submit an Expression of Interest (Step 1):

  • A minimum of $ 500,000 CAD in Net Business and Personal Assets

  • At least 3 years of relevant entrepreneurial experience or business management experience from the past decade

  • The intention to invest at least:

    • $ 300,000 CAD in Regina and Saskatoon OR

    • $ 200,000 CAD in all other communities in Saskatchewan

Information provided in the EOI is compared to a points grid and candidates are ranked. Top scoring candidates are prioritized. Selected candidates will be asked to apply for a nomination (“SINP”). SINP candidates must submit a Business Establishment Plan (BEP).

To submit a Business Establishment Plan (BEP) (Step 2):

  • BEP must align with points allocated from original submission (investment and industry sector)

  • Ownership of a minimum of (1/3rd) equity in chosen business in Saskatchewan, unless the total investment is higher than $ 1 million CAD.

  • Commitment and ongoing participation in the day-to-day management of the business.

  • If your application proposes the creation of a new business in Regina or Saskatoon:

    • Must create two employment opportunities in Saskatchewan for Canadian citizens or permanent residents that are unrelated to the applicant.

Upcoming Expression of Interest (EOI) Pool Selections Occurring this year:

November 21st, 2018.

For more information please visit: https://www.saskatchewan.ca/residents/moving-to-saskatchewan/immigrating-to-saskatchewan/saskatchewan-immigrant-nominee-program/applicants-entrepreneurs