Decoding SINP in Entrepreneur Category | Greg Flahive
Greg Flahive is From California, USA, and Greg Flahive is an entrepreneur and he always continuously comes up with new ideas and starts new businesses.
For those keen on migrating to Canada, there are various ways to do so. But one needs to apply for the visa first even as there are different kinds of visas for different purpose. Mostly, people migrate from one place to another in search of better jobs, or to set up a new business venture in another country.
Those who are looking to migrate to Canada to set up a business venture, there is one specific program which might be helpful. It is called as Saskatchewan Immigrant Nominee Program (SINP) for Entrepreneurs. Those who apply for this and get the visa gets the opportunity to work in the country, and even their family members can get involved in some business with partners there.
If someone wants to apply for this program, there are certain nomination criteria which one needs to fulfill. The person or the applicant must have a minimum amount of $300,000 Canadian Dollars which are verified. The net worth so shown must have been collected from legal sources.
The applicant must have at least three years of experience in the entrepreneurship or business management.
The last criterion for nomination is that the applicant must show intent to stay in Saskatchewan and regularly invest in the country’s economy. After the nomination, there are certain requirements which one needs to fulfill. These differ from nomination criteria.
If the applicant is nominated for the SINP in the Entrepreneur category, he must make at least half of the investment which is required for Saskatchewan. The applicant must not only make the investment, but he must also be present in the day-to-day meetings to manage the business operations in the country. Also, one must make certain amount of investment in the Good Faith Deposit as stated by laws.
One thing the applicant must note that if he owns less than 1/3rd of the whole business, he must make a minimum of $1 million Canadian Dollars investment in Saskatchewan. These are certain requirements which the applicant must fulfill. After this, there is an interview session which may not be mandatory, if the documents fulfill the requirement.
If one gets nominated, it is necessary for the applicant to contact the SINP office within 30 days of landing in the city, as a Permanent resident, or on a temporary work permit. This meeting is very important, as if one doesn’t contact the office, within the required time, his application will be rejected. Those who wish to apply for the program can look for the application forms on the Internet and fill them as per their knowledge. Also, the interested candidates can go to immigration consultant for the necessary details.