Saskatchewan’s First Entrepreneur Draw Of 2022 Sees 51 Invitations Issued

Canada immigration news: Saskatchewan immigration has issued 51 invitations through the Saskatchewan Immigrant Nominee Program (SINP) in its first Entrepreneur stream draw of 2022.

The January 6 draw required a minimum score of 90 and an average score of 105 points.

Entrepreneur Stream Future 2022 Draw Dates

• March 3
• May 5

Saskatchewan prioritizes three selection factors to separate candidates with the same score on the Entrepreneur stream points grid.

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.

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 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 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.