Entrepreneurs

Applying under the Entrepreneur’s category. The requirements here are:

a. Evidence of  a net worth of CAD$300,000

b. An investment of CAD$150,000

c. Refundable deposit of CAD$75,000 (subject to setting up in a business in Manitoba or Saskatchewan. Please note that if you would like to set up a business in other Canadian provinces and territories, different requirements will apply).


Email us NOW to get more information:
enquiry@rayfordmigration.com

or Call us at 0060 3 27155999
+60 162325999 or +60 102722644

A few general questions: (Ref: Saskatchewan Govt. Website)


Why is a CDN $75,000 deposit required?

Successful provincial nominee Entrepreneur applicants are required to make a CDN $75,000 deposit to ensure that the commitment to establish a business in Saskatchewan is undertaken as planned.

When do I deposit the CDN $75,000 Deposit?

Once we approve your application, we will send you written notification advising you that your application has been approved for nomination.  We will include a copy of the Performance Agreement and request that you make the deposit at that time.

When is the CDN $75,000 Deposit released?

You have two years from the date of becoming a permanent resident to fulfill the requirements of the Performance Agreement.  Once you have demonstrated that you have met the terms of the Performance Agreement, your CDN $75,000 deposit and any interest earned will be returned to you.

To ensure that you remain eligible for the refund, any changes to the Performance Agreement must be discussed with and approved by the Immigration Branch before proceeding with your business.

Do I have to wait the full 2 years from the date of becoming a permanent resident before my deposit will be returned to me?

As soon as you can prove, within the two years from the date of becoming a permanent resident, that you have fulfilled the requirements of the Performance Agreement, we will begin the process to refund your deposit.  For example, if you can prove within one year after your date of becoming a permanent resident that you have fulfilled the requirements of the Performance Agreement, we will refund the deposit to you at that time.

Will I get my Deposit back if my business fails?

If you can prove that you had fulfilled the requirements of the Performance Agreement prior to the failure of your business, and that you made every reasonable attempt to ensure the business' success, you will still get your deposit back.

We strongly encourage you to contact the Immigration Branch for counselling and guidance as soon as you think you may have trouble fulfilling your business proposal.

May I change my plans for my business venture after I arrive in Saskatchewan?

You may do so with the approval of the province of Saskatchewan.  You will be required to contact the Immigration Branch for counselling and guidance as soon as you think you may have trouble fulfilling, and/or need to change your business proposal.

I have already invested more than the minimum investment required in a business in Saskatchewan.  Can I forgo the deposit criteria?

The underlying goal of the Entrepreneur Category is to attract new immigrants to Saskatchewan who will invest in and manage a business in this Province.  In cases where a business person wishes to become a permanent resident of Saskatchewan, the applicant should demonstrate incremental investment for that business or additional benefit to the province.  Such applications will be considered on their merits.

I want to immediately invest in a business in Saskatchewan.  Will that give me an advantage in my application?

We strongly advise against making any financial investment in the Province prior to being nominated and receiving your permanent resident visa.

What are the factors that delay the processing of my application?

There are several factors that can delay processing of your application.  These may include, but are not limited to:

• not having completed an Exploratory Visit 
• the need for an interview with the Canadian Embassy
• incorrectly completed or unsigned application forms
• payment of fees using a method that is not accepted by the Canadian Visa Office in your Country
• missing documents
• unreadable photocopies
• documents not accompanied by a certified English or French translation
• failure to provide an accurate mailing address or change of address
• time needed to verify information and documents provided 
• a medical condition which may require additional tests or consultations 
• a criminality or security problem.

Investor Visa Program  http://www.rayfordmigration.com/canada/investor-visa