The first draw of 2019 under Saskatchewan immigration’s popular Entrepreneur Stream category has been conducted.
The January 3 draw saw 90 invitations issued to candidates with a lowest score of 115 points through the Saskatchewan Immigrant Nominee Program stream.
The average score was 120 points in the draw, while the highest scoring candidate invited scored 150 points.
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Saskatchewan invited 824 candidates to apply through the Entrepreneur Stream in 2018.
The latest draw was at the lower end of total invitations issued compared to previous draws. The largest draw to date took place in October 2017, when 265 candidates were invited.
Saskatchewan Entrepreneur Stream Draws
|Date||Lowest score||Average score||Highest score||Number of invitations|
Saskatchewan has also announced a full set of dates for its future 2019 draws, planned for March 7, May 2, September 5 and November 7.
The province recently moved to increase the frequency of draws, from every three months to every two. It will see 2019 become the second 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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