Quote:
Originally Posted by casper
My take on the documents that were posted in the past is that it is a "strata/condo" type development where you purchase the retail unit in the development. The purchase potentially qualifies you as a foreign investor under some provincial investment sponsorship program.
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^^This. It qualifies under Sask Immigrant Nominee Program Entrepreneur Class.
Requirements:
If you are approved for nomination by the SINP - Entrepreneur Category, you will be required to:
1.Have a minimum active investment of $150,000 CAD in the Province of Saskatchewan. If you own less than 1/3 of the business, then your total investment must be worth at least $1 million CAD;
2.Be involved in the day-to-day management of your business; and
3.Make a $75,000 Good Faith Deposit. If you meet certain conditions, you may apply for your Good Faith Deposit to be returned.
This year there were 225 slots and all were filled. There is no longer a Federal Entrepreneur Class through CIC, however, there is still the Investor Class, but that is basically the government holding onto your $800k for 5 years and 3 months (no interest received).
Casper hit the nail on the head.