Saskatchewan Entrepreneur Category: 2022 Draw Dates Published

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Saskatchewan Invites 54 Canada Immigration Candidates In New Entrepreneur Draw
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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
04-Nov-21 100 110 130 65
02-Sep-21 110 115 125 41
12-Jul-21 120 125 155 28

Source: https://www.saskatchewan.ca


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.

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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.

 

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