Saskatchewan issued 23 invitations in the latest Entrepreneur stream draw through the Saskatchewan Immigrant Nominee Program (SINP).
The Sept. 7 required a minimum score of 105 and an average score of 115 points.
“All candidates with 110 points or higher were invited to apply,” notes the Saskatchewan immigration website.
“Candidates with 105 points and a Canadian Language Benchmark (CLB) score of 6 or higher were invited to apply.”
With the latest draw, Saskatchewan has sent out 146 Entrepreneur immigration ITAs so far this year, or just barely more than half the 270 ITAs under this immigration stream for the comparable period last year.
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Saskatchewan Entrepreneur Stream 2023 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, and;
- completion of an exploratory visit.
The Saskatchewan immigration Entrepreneur stream is a three-stage process. Foreign nationals must first submit an Expression of interest (EOI). When they are selected in regular draws, they then submit an Invitation to Apply (ITA). Only then can they be nominated.
The EOI 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, and;
- investment of at least $300,000 in Regina or Saskatoon, or $200,000 in any other Saskatchewan area.
Saskatchewan Immigration Is Giving Entrepreneur Applicants Breaks Due To Pandemic
Candidates who submit an EOI enter a pool where they receive a score. The top-scoring candidates are invited to submit an application.
Applications must include the following:
- a business establishment plan confirming figures in the EOI and including at least one third ownership of a company in Saskatchewan, unless there is an investment of $1 million or more;
- a commitment to be active in the day-to-day management of the business, and’
- the creation of two or more jobs for Canadian citizens or permanent residents if the business is located in Regina or Saskatoon.
With the arrival of the coronavirus which causes COVID-19, the Saskatchewan provincial government has put in several measures to support Entrepreneur applicants impacted by the pandemic.
Business Performance Agreement term extensions are being provided for those entrepreneurs who need to temporarily amend their business operations due to the pandemic. When needed, the SINP is supporting a work permit extension.
Existing nominations for entrepreneurs are also being supported if the nominee remains in the province, continues business operations, and can continue to economically support him or herself. Nominees or applicants are not being penalized if they access short-term income support during the pandemic but nominees who close their businesses and/or move out of province can have their nominations withdrawn.
Finally, there are six-month extensions being given to SINP nominations. This is to nominees with more time to apply for permanent residency to the federal government.