From International student to PR through business

[fahad123]

I am currently holding a student status in Saskatchewan. Is there any possible way to change my status to Permanent Resident through business ? If so what is the minimum required budget for it ?

 

[scylla]

Requirements are here:

http://www.economy.gov.sk.ca/immigration/entrepreneurs

You need to have a minimum net worth of at least $300K that you must be able to prove is yours and you must also be able to show how you obtained/earned this net worth. You must be ready to invest at least $150K in a business in Saskatchewan. You must make a deposit of $75K.

 

[fahad123]

Thx syclla
But will it be a dangerous move ? From student to business. What if they refuse my application. Will I loose my student status aswel

 

[scylla]

Thx syclla
But will it be a dangerous move ? From student to business. What if they refuse my application. Will I loose my student status aswel

You will still have student status and will need to continue attending school while they process your PR business application. If you are only in Canada for a program that is a year long - it will probably take longer to process the PR application than it will to finish your schooling. So go ahead and apply for PR if you meet the requirements.