Saskatchewan Simplifies Immigration Norms For Entrepreneurs

26 Mar 2015

Good news for entrepreneurs who wish to set up a business in Saskatchewan (a province in Canada). The province has made few significant amendments to the Saskatchewan Immigrant Nominee Program (SINP) to facilitate the process for entrepreneurs wishing to start a business in the province.

The Minister responsible for jobs, skills, training and immigration sated that the previous streams of science & technology, entrepreneur, large scale investor, farm and young farmers are now merged into two streams viz. Entrepreneur and Farm Owners/Operators

He added that this classification was made to make the program more efficient and help applicants to navigate through the system easily.

Apparently, the new categories require potential candidates to invest at least $500,000, and business proposals in Saskatoon and Regina are required to invest minimum $300,000. And, candidates are required to create a job for at least one Canadian or permanent resident.

Harrison added that the new rules will eliminate the need for good faith deposit in which the applicants were required to invest $75,000. The announcement of new rules will enable candidates to use these funds towards settlement and start-up costs.

In addition to these, the government is planning to introduce a new online expression of interest system will require applicants to submit the necessary information. Moreover, candidates are required to undergo a self-assessment to prioritize applications as per the objective point grid instead of traditional first-come, first-served process.

Harrison stressed that candidates who qualify the process will have their applications processed at a faster pace. Further, he added that the move to the new online application system will help to reduce the backlog rate. 

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