Latest Saskatchewan Entrepreneur Draw Invites 54 Immigration Candidates

Saskatchewan Entrepreneur Draw Start up Visa program
  • May 9, 2022

On May 5, Saskatchewan immigration conducted a new Entrepreneur stream draw, issuing 54 invitations through the Saskatchewan Immigrant Nominee Program (SINP). To qualify, applicants needed a minimum score of 90 and an average score of 110 points.

For the Entrepreneur stream, Saskatchewan prioritizes three selection factors to separate candidates with similar scores.

The three factors, in order of priority, are:

  1. Official language ability.
  2. Those with businesses planned for a key economic sector.
  3. Completion of an exploratory visit.

There are three stages to the Saskatchewan immigration Entrepreneur stream:

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

 

To be eligible for entry, an expression of interest must meet the following criteria:

  • A minimum net worth of $500,000 must be legally acquired.
  • Minimum of three years of entrepreneurial or relevant management experience.
  • Minimum investment of $300,000 in Regina, Saskatoon, or $200,000 in other parts of Saskatchewan.

Candidates enter a pool where they receive a score. The top-scoring candidates are invited to submit an application.

Applications must include:

  • Plan of business establishment that confirms the figures in the expression of interest and includes at least one-third ownership of a Saskatchewan company, unless the investment is $1 million or more.
  • 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.

 

To know more about Saskatchewan Entrepreneur Stream, call us at 1800 419 3242 or email: inquiry@winnyimmigration.com

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