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Eligible Businesses Under Entrepreneur Category

Business requirements to fit in the eligibility criteria under entrepreneur category

• The business must meet the requirements of  Canada-Saskatchewan Immigration Agreement, 2005
• The business must be capable of creating benefit for saskatchewan, as assessed by SINP immigration officers
• The business should be the continued operation of an existing business or the establishment of a new business meeting economic needs in saskatchewan. The SNP doesn`t pre-approve or endorse any business proposals or projects.
• Business could be sole proprietorships partnerships, or corporations must meet the legal requirement of the community they operate in;
• The business must be for profit entities with the primary purpose of earning profits through the sale of goods and/or services
• They must be considered a "permanent establishment" as defined under subsection 400(2) of the Canadian Income Tax Regulations, 1985.

Purchasing an Existing Business or Business Succession

There are additional points available if you're buying an existing business; however:

• The Saskatchewan based business must have been in continuous operation by the same owner for at least past three years;
• You must complete an exploratory visit to meet the previous owners. This applies even if you're buying a business succession opportunity;
• You must provide evidence that you have made reasonable efforts to establish the business;
• The succession buy-out must result in change in ownership with you gaining full control of the business;
• You must commit to maintaining employment for the time larger than minimum required; and,
• You must ensure to keep the existing salary wages and employment terms.

Purchasing an Existing Business from an SINP Entrepreneur Nominee

If the previous owner of the business you want to buy is an SINP Entrepreneur nominee:

• The business must have been in continuous operation by the previous owner for at least three years and demonstrate a net profit for at least two of the previous three years. This should be evident in the business registration, license documents, financial statements, etc;
• The previous owner must be either a Permanent Resident or a Canadian Citizen;
• You must complete an exploratory visit to meet the current owners;
• You must provide evidence that you made reasonable efforts to establish a fair market value for the business;
• The succession buy-out must result in a complete change in ownership with you assuming full control of the business;
• You must commit to maintaining employment for existing Canadian citizens or permanent residents; and,
• You must commit to keeping the existing wages and employment terms.

Joint Ventures between SINP Program Applicants

If you're proposing a joint venture with another SINP applicant in:

i) The operation of a new business;

ii) The purchase of an existing business; or

iii) A partnership with a Permanent Resident or Canadian Citizen:

• The Saskatchewan-based business must have been in continuous operation by the same owner for the past three years;
• All applicants must complete an exploratory visit to meet the previous owners or business partners;
• All applicants must provide evidence that you made adequate efforts to establish a fair market value for the business or investment amount;
• Any succession buy-out must result in a complete change in ownership with you (the applicants) assuming full control of the business;
• When committing to maintain employment for existing Canadian citizens or permanent residents, you won't be required to create additional jobs;
• All applicants must clearly indicate in their application forms that they're proposing a joint venture with a program applicant or a permanent resident or Canadian citizen, and identify their proposed business partners;
• Each prospective applicant must submit their individual EOI simultaneously;
• Each prospective applicant will be evaluated separately. They'll be selected based on whether they meet the eligibility criteria. They'll also earn points as individuals, not as part of a group or partnership;
• If any partner is not selected from the EOI pool for processing, all remaining partners will have to update their business proposal. They'll need to make any required changes to ensure they continue to be eligible for the EOI points they previously earned;
• If all partners are selected from the EOI pool and approved, each partner will be required to sign a separate Business Performance Agreement, and each partner must meet the agreement terms, to be approved for nomination; and
• If the SINP concludes that one or more partners failed to meet the terms of their individual Business Performance Agreement for reasons beyond humanitarian and compassionate circumstances, all remaining partners will be required to update their performance agreement to ensure they continue to meet program criteria. This includes, but is not limited to changes to the required investment amount.

Ineligible Businesses

The following characteristics are primary forms of businesses that are not qualified for the SINP Entrepreneur category:

• Property rental, investment, and leasing activities;
• Home-based businesses, including bed-and-breakfasts and lodging houses;
• Real estate construction/development/brokerage, insurance brokerage or business brokerage;
• Credit unions;
• Professional services or self-employed business operators requiring licensing or accreditation;
• Pay day loan, cheque cashing, money changing and cash machines;
• Co-operatives; and
• Investments into a business operated primarily for the purposes of deriving passive investment income.

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