Saskatchewan Delays Entrepreneur Draw To Allow For Program Criteria Changes

2019-11-18 – Saskatchewan immigration has delayed its final Entrepreneur stream draw of 2019 to December 5.

The draw was originally scheduled to take place on November 7.

A notice posted on the Saskatchewan Immigrant Nominee Program website said: “Please be advised that the EOI pool selection scheduled for November 7, 2019, has been postponed until December 5, 2019, to accommodate for program criteria changes and system updates.”

The changes mentioned are yet to be announced.

The stream currently requires a net worth of $500,000 and a minimum investment of $300,000 in Regina or Saskatoon, or $200,000 is any other Saskatchewan area.

Five draws have been conducted so far in 2019, with a total of 262 candidates receiving invitations to apply.

The stream works on a three-stage process, where candidates initially come to Saskatchewan on a work permit, before being nominated for permanent residence once the terms of a Business Performance agreement have been met.

For full stream requirements, please see below.

Saskatchewan Entrepreneur Stream Draws

Source: https://www.saskatchewan.ca

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 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 the 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.”