The Saskatchewan immigration office has taken an unprecedented step in advising candidates exactly when it will be making draws for its Entrepreneur program.
Consequent upon most recent draw on May 24, 2017, officials have further informed that 2017 draws will be made on July 19 and October 18, while the first draw of 2018 will be made on January 17.
The advanced information of draws gives Saskatchewan Immigrant Nominee Program (SINP) candidates an opportunity to get their applications in order with a target date to complete their files.
Previously draws have taken place without the dates being advertised ahead of time.
The SINP Entrepreneur stream is a three-stage process:
- Submission of Expression of interest
- Invitation to submit applications
- Nomination by the province
The expression of interest must meet the following minimum 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.”
