Canada immigration news: The Saskatchewan Immigrant Nominee Program (SINP) has published 2022 draw dates for the Canada immigration Entrepreneur category.
The first three draws of 2022 will take place on January 6, March 3 and May 5.
Saskatchewan’s Entrepreneur category targets candidates with a minimum net worth of $500,000, requiring investment of $200,000 or $300,000, depending on the location of the business.
Draws were suspended during COVID-19, but returned in July 2021, with a total of three taking place this year and 134 candidates invited.
Saskatchewan Entrepreneur Stream 2021 Draws
|Date||Lowest score||Average score||Highest score||Number of invitations|
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:
- Official language ability.
- Those with businesses planned for a key economic sector.
- Completion of an exploratory visit.
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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 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.