A new draw under Saskatchewan’s Entrepreneur Stream is set to be the last of 2018.
The November 21 draw saw 84 candidates invited to apply for permanent residence through the Saskatchewan Immigrant Nominee Program.
This was the fifth draw of 2018 under the stream, with candidates needing 115 points or more to qualify.
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Saskatchewan has now invited 824 candidates to apply through the Entrepreneur Stream this year.
Saskatchewan Entrepreneur Stream Draws
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Three 2018 draws saw higher numbers, with 187 invites issued in July, 231 in April, and 251 in January.
Saskatchewan has also announced the dates of the first two draws in 2019, planned for January 3 and March 7.
The province recently moved to increase the frequency of draws, from every three months to every two. It means 2018 was be the first year to see five Entrepreneur draws conducted.
The Saskatchewan immigration Entrepreneur stream is a three-stage process:
- Expression of interest
- Invitation to submit application
The expression of interest must meet the following minimum entry requirements:
- Minimum net worth of $500,000 legally acquired.
- Minimum of three years of entrepreneurial or relevant management experience.
- Investment of at least $300,000 in Regina or Saskatoon, or $200,000 is any other Saskatchewan area.
Candidates enter a pool where they receive a score. The top scoring candidates are invited to submit an application.
Applications must include:
- Business Establishment Plan confirming figures in expression of interest, and including at least one third ownership of a company in Saskatchewan, unless investment is $1 million or higher.
- Commitment to be active in day-to-day management of business.
- Creation of two or more jobs for Canadian citizens or permanent residents if the business is located in Regina or Saskatoon.
The SINP website says: “Please note that the SINP reserves the right to have Business Establishment Plans assessed by professional third parties identified by the government of Saskatchewan. The assessment conducted by third parties will focus on the preparation and due diligence conducted by the applicant in preparing their proposed business plan.”General Information: Contact us to receive more information about this article.
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