New Business Immigration Draw Conducted By Saskatchewan

A new draw for Saskatchewan immigration’s Entrepreneur Stream has been conducted.

The September 19 draw saw 71 candidates invited to apply for permanent residence through the Saskatchewan Immigrant Nominee Program.

This was the fourth draw of 2018 under the stream, with candidates needing 110 points or more to qualify.

Saskatchewan has now invited 740 candidates to apply through the Entrepreneur Stream this year.

Saskatchewan Entrepreneur Stream Draws

Source: https://www.saskatchewan.ca

The previous three draws saw higher numbers, with 187 invites issued in July 2018, 231 in April 2018, and 251 in January 2018.

Saskatchewan is planning one more Entrepreneur draw in 2018, on November, although it warns the date is subject to change.

The province recently moved to increase the frequency of draws, from every three months to every two. It means 2018 will be the first year to see five Entrepreneur draws conducted.

The Saskatchewan immigration Entrepreneur stream is a three-stage process:

1. Expression of interest
2. Invitation to submit application
3. Nomination

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.”

Meanwhile, Saskatchewan updated its list of occupations in demand in August, removing 10 jobs.

What Jobs Were Removed From Saskatchewan’s In-Demand Occupations List?

What Is The New Saskatchewan In-Demand Occupations List?