Saskatchewan Entrepreneur Stream Invites 90 persons at the Start of 2019

January 05, 2019
Immigration officials of Saskatchewan conducted the first draw of the year in the popular Entrepreneur Stream of the province on Jan 3rd.

The details


90 Entrepreneurs received the invitations in this draw where the lowest score was 115 points in the Saskatchewan Immigrant Nominee Program. Moreover, in this draw, the average score was 120 points, and the top scoring candidate had a score of 150 points. The province had invited 824 candidates for applying by using the Entrepreneur Stream in the last year. Moreover, in this draw, the total invitations were lower compared to past draws. The largest draw was held in Oct 2017, when 265 candidates received the invitations.

Saskatchewan Entrepreneur Stream Invites 90 persons at the Start of 2019

Draw details Saskatchewan Entrepreneur Stream 


Date

Lowest score

Average score

Highest score

Number of invitations

Jan 2019

115

120

150

90

Nov 2018

115

120

135

84

Sep 2018

110

115

135

71

July 2018

100

105

135

187

April 2018

90

100

135

231

Jan 2018

80

95

145

251

Oct 2017

80

100

135

265 

July 2017

80

100

145

98 

May 2017

80

105

140

142

March 2017

95

110

135

107

Dec2016

120

120

130

14

Sep 2016

110

115

135

57

May 2016

110

120

155

88

Oct 2015

110

125

155

70


Additionally, the Province has announced the dates for all future draws, during the present year. The planned dates are for March 7th, May 2nd, Sep 5th and Nov 7th.


New format


The province aims to increase the frequency of draws. The present schedule will be to hold them every two months. In the past, the period of holding it was once in every three months. During 2019 it has a plan to hold five Entrepreneur draws.


This Immigration Entrepreneur stream has a process of three stages:


1.    Submitting an Expression of interest

2.    Invitation to submit an application

3.    Eventual Nomination


Entry requirements


The EOI has to meet these entry requirements:

  • A Minimum net worth of $500,000 which is acquired legally.
  • Three years of relevant experience as an entrepreneur or in managing it.
  • Investment of $300,000 in Saskatoon or Regina regions, or $200,000 in any other area.

All Candidates entering the pool get a score. The top scorers also receive an invitation for submitting the application.


Applications details:


  • A Business Establishment Plan to confirm figures mentioned in EOI and including one-third ownership of a company in the Province unless such investment is $1 million or above.
  • A Commitment that the person will be active in daily management of business.
  • Creating two jobs for citizens or P.Rs in case the business has a location in Regina/Saskatoon.


Business Establishment Plans


Finally, the S.I.N.P mentions that it reserves the right to assess Business Establishment Plans by professional identified by the Saskatchewan government. Such an assessment, of third parties, will have a focus on the meticulousness of the applicant, in preparing the Business Plan.

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