June 8, 2017 – The Saskatchewan immigration office has taken the unusual step of telling candidates exactly when it will be making draws for its Entrepreneur program.
Following the most recent draw on May 24, 2017, officials say further 2017 draws with be made on July 19 and October 18, while the first draw of 2018 will be made on January 17.
The advanced warning of draws gives Saskatchewan Immigrant Nominee Program (SINP) candidates the opportunity to get their applications in order with a target date to aim for.
Previously draws have taken place without the dates being advertised ahead of time.
The Saskatchewan immigration Entrepreneur stream is a three-stage process:
- Expression of interest
- Invitation to submit application
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 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.”
Saskatchewan recently opened its Canada Express Entry category for 600 new applications.
The places were eventually filled on May 25, 2017 after a technical glitch saw the province close and reopen the stream mid-way through the intake period, which initially opened on May 16, 2017.
The category is aimed at skilled workers wishing to live and work in Saskatchewan, have a profile in the Canada Express Entry Pool and meet specific criteria.
Interested employers: Kindly contact us here to receive further information.
Interested candidates: Find out whether you qualify to Canada by completing our free on-line evaluation. We will provide you with our evaluation within 1-2 business days.
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