Saskatchewan Conducts Final Entrepreneur Stream Immigration Draw of 2019

2019-12-09 – Saskatchewan immigration has conducted its delayed final draw of 2019 through the province’s popular Entrepreneur stream.

The December 5 Saskatchewan Immigrant Nominee Program draw saw 62 invitations issued for Saskatchewan immigration.

Candidates scored an average of 120 points to qualify, with the lowest-ranked candidate receiving an application scoring 120 points.

The draw was originally scheduled for November 7 but moved back a month to allow for program criteria changes.

Saskatchewan launched a new Entrepreneur stream for international graduates earlier in December.

Under the existing SINP Entrepreneur stream, candidates initially come to Saskatchewan on a Work Permit, before being nominated for permanent residence after their business has been established.

Candidates must have a net worth of $500,000, and invest at least $300,000 if their business is located in Regina or Saskatoon, or $200,000 in any other Saskatchewan area.

Saskatchewan has now invited 325 candidates to apply through the Entrepreneur Stream in 2019, after inviting 824 during 2018.

The latest draw saw 27 more invites issued than the previous draw. The largest draw to date took place in October 2017, when 265 candidates were invited.

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Saskatchewan Entrepreneur Stream Draws

Source: https://www.saskatchewan.ca

Saskatchewan plans 2020 Entrepreneur draws on January 7 and March 5.

The province moved to increase the frequency of draws at the end of 2018, from every three months to every two. It meant 2019 was the first year to see six Entrepreneur draws conducted.

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

1. Expression of interest
2. Invitation to submit an 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 in 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 the day-to-day management of the 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.”