Exploring Opportunities in Saskatchewan: Entrepreneurial and Farming Ventures

Saskatchewan, with its vast landscapes and fertile soils, offers promising prospects for both entrepreneurs and seasoned farmers alike. Through specific sub-categories tailored to their needs, individuals can explore avenues to invest, establish, or expand their ventures within the province. In this article, we delve into the Entrepreneur and Farm Categories, shedding light on their respective criteria, opportunities, and processes.

Entrepreneur Sub-Category

The Entrepreneur Sub-Category presents an avenue for individuals keen on investing in Saskatchewan’s business landscape. Whether through establishment, acquisition, or partnership, this sub-category invites proactive involvement in managing the business. Aspiring entrepreneurs can leverage this opportunity to contribute to the economic fabric of Saskatchewan while pursuing their business aspirations. The emphasis here lies not only on investment but also on active participation and commitment to the growth and success of the enterprise.

Farm Owners and Operators Sub-Category

For seasoned farmers equipped with substantial capital and a wealth of experience, the Farm Owners and Operators Sub-Category offers an enticing proposition. This sub-category is tailor-made for those looking to invest in farming operations and make Saskatchewan their home.

With its rich agricultural heritage and favorable climatic conditions, Saskatchewan provides an ideal environment for agricultural pursuits. From crop cultivation to livestock rearing, individuals can capitalize on their expertise to build thriving farming enterprises and contribute to the province’s agricultural legacy.

Minimum Requirements

To be eligible for consideration under the Entrepreneur and Farm Owners and Operators Sub-Categories, applicants must meet certain minimum requirements as outlined below:

Minimum Net Worth

  • A minimum net worth of CAD 500,000 is required, unless applying through the Young Farmer Stream, in which case the minimum net worth is CAD 300,000.
  • The accumulated net worth must be attained through legal means, verified to at least 80 percent.

Additional Requirements for Each Sub-Category

  1. Entrepreneur Sub-Category:
    • Possess a minimum of three years of entrepreneurial experience within the past 10 years.
    • Demonstrate a minimum equity investment of CAD 300,000 in Regina or Saskatoon, or CAD 200,000 in another Saskatchewan community.
    • Develop a comprehensive Business Establishment Plan (BEP).
    • Maintain ownership of at least one-third of the equity of a business in Saskatchewan, unless the total investment amounts to CAD 1,000,000 or higher.
    • Create or sustain at least two jobs for Canadian citizens or Permanent Residents in Saskatchewan, with additional requirements for businesses located in Regina or Saskatoon.
    • If purchasing a business in Saskatoon or Regina, ensure the retention of the number of Canadian or permanent resident workers at the time of purchase.
    • Reside in Saskatchewan with immediate family members.
    • Enter into a business performance agreement with the Government of Saskatchewan, facilitated by the SINP post-application approval.
    • Fulfill any additional requirements set forth for the business.
  2. Farm Owners and Operators Sub-Category:
    • Possess relevant knowledge and experience in farm operations.
    • Present a viable and considered proposal for a commercial farming opportunity in Saskatchewan.

Additional Requirements for the Young Farmer Stream

  • Acquire at least three years of experience in farm ownership, farm management, or practical farming.
  • Demonstrate the potential to supplement farming income with marketable employment skills of the spouse or common-law partner, based on education and experience.

Application Process

Applicants interested in either the Entrepreneur or Farm Owners and Operators Sub-Category are required to submit their applications along with a CAD 2,500 fee. The processing time for these applications is estimated at 14 weeks, during which thorough assessments are conducted to ensure suitability and compliance with the specified criteria. Successful applicants will receive the necessary approvals to proceed with their entrepreneurial or farming endeavors in Saskatchewan.

  1. Entrepreneur Sub-Category:
    • Register an Expression of Interest with the SINP to receive a point score.
    • Selected candidates will be invited to submit a formal application through the SINP Apply Online system.
    • Upon assessment, applicants may undergo a final interview and subsequently receive a Business Performance Agreement (BPA) for review and signing.
    • After submitting the BPA, applicants receive SINP Entrepreneur Approval and Temporary Work Permit Support letters.
    • Obtain a temporary work permit within three months, relocate to Saskatchewan, and establish the business within 18 months of the SINP Entrepreneur Approval letter date.
    • Attend an arrival meeting within the stipulated timeframe.
    • Fulfill obligations outlined in the Business Performance Agreement for a minimum of six months before requesting provincial nomination for permanent residence.
  2. Farm Owners and Operators Sub-Category:
    • Ensure all required documents are prepared, including information on spouse or common-law partner, dependent children, and current farm operation employees.
    • Submit the application via email to [email protected].
    • Respond to any requests for clarification, additional documents, or interviews from the SINP.
    • Upon successful application, receive Nomination Approval, Request for Approval Letter, and Business Performance Agreement (BPA).
    • Remit the refundable CAD $75,000 Good Faith Deposit within three months.
    • Sign and return the BPA to receive provincial nomination.
    • Apply for permanent residence directly with IRCC with the obtained nomination.
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    Evaluation of Net Worth

    The evaluation of net worth is conducted through recognized financial service providers, namely KPMG and MNP Ltd., who can be contacted via the provided contact details for verification purposes.

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