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Saskatchewan Entrepreneur Stream Discloses Lowest Points Ever

July 2017, 22
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The latest draw of Entrepreneur program at Saskatchewan came to as a surprise for many. This draw is an important factor of SINP – Saskatchewan Immigrant Nominee Program. According to the reports, 98 foreign entrepreneurs were invited to apply for this program. Candidates who were having a minimum of 80 or more points in the “Expression of interest” pool were invited to apply. This is the lowest point recorded in the history of the SINP program.

The SINP is an entrepreneur stream in which the entrepreneur can start their business or can be a partner with other business at Saskatchewan by actively managing the entire business while residing with the family members in the province. Applicants in this program who are eligible to work, first obtain a work permit in Saskatchewan. After fulfilling the terms and conditions of a business performance agreement, then they are allowed to apply for the permanent residence. 

As per the eligibility requirement, the entrepreneur should have a minimum $500,000 CAD which would be verified by ministry approved the third party and an equity investment of $200,000. The equity investment would be raised to $300,000, if the investment is done in Saskatoon or Regina. Also, there is a sub category in which the business by the candidate must prove to enhance the economic stability of Saskatchewan.

Eligible Candidates would be provided with a score out of 160 upon applying into the SINP Entrepreneur program. This point system depends upon various factors like language ability, age, education, the number of years of business experience. Also, the candidate contributing to the key economic sector would receive extra points. Apart from this, there are many other factors that add to the point system of this entrepreneur program.

As per the reports, Future draws would be on the dates 18th October 2017 and 17th January 2018.

Below table emphasises on the history of ITA (Invitations to Apply) that are issued under SINP:

EOI

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