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Saskatchewan To Conduct Final Entrepreneur Draw of 2019

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2019-11-05 – Saskatchewan immigration is planning to conduct the final draw of 2019 through its popular Entrepreneur stream on Thursday, November 7.

The Saskatchewan Immigrant Nominee Program stream 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

Date Lowest score Average score Highest score Number of invitations
September 2019 120 125 150 45
July 2019 120 125 155 45
May 2019 120 125 135 43
March 2019 120 125 140 39
January 2019 115 120 150 90
November 2018 115 120 135 84
September 2018 110 115 135 71
July 2018 100 105 135 187
April 2018 90 100 135 231
January 2018 80 95 145 251
October 2017 80 100 135 265 
July 2017 80 100 145 98 
May 2017 80 105 140 142
March 2017 95 110 135 107
December 2016 120 120 130 14
September 2016 110 115 135 57
May 2016 110 120 155 88
October 2015 110 125 155 70

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:

  • The 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 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.”