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Saskatchewan Sends Invitation to 251 Global Entrepreneurs

January 2018, 19
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Saskatchewan-Sends-Invitation-to-251-Global-Entrepreneurs
The first draw of 2018 was held on January 17th, for the Entrepreneur Stream of Provincial Nominee Program by the Government of Saskatchewan. 251 overseas entrepreneurs were invited for applying for the provincial nomination in this draw. The eligible norm for this invitation for Candidates in the 'Expression of Interest' pool of Saskatchewan Immigrant Nominee Program was 80 or more points. 

This stream permits successful applicants to start a business, obtain it, or become a partner in Saskatchewan, and manage it in an active manner while staying in the province along with their family members. Such applicants initially get a temporary work permit, permitting them to work in Saskatchewan. They can subsequently, apply for Permanent Residence Status, when they fulfil the terms and conditions, of a Business Performance Agreement.

The eligibility criteria for these entrepreneur candidates are, having a minimum net worth of $500,000 CAD and an investment of equity of $200,000. (The figure goes up to $300,000 when the investment is in the cities of Saskatoon and Regina). The other business requirements include having a potential to create economic benefit to Saskatchewan, which is assessable by an immigration officer of the Program.

Scores are assigned to the Eligible candidates out of 160 when they enter into the SINP Entrepreneur pool. The unique point’s grid of SINP strongly focuses on the needs and demands of the local labour market.  Candidates planning an investment, in major economic sectors, receive more points. Similarly, there is extra leverage to candidates, who have conducted, an exploratory visit for five working days, and also submit a proof of contacting related business personnel. Other factors influencing the outcome are the age, education, proficiency in the language, and prior experience of entrepreneurship.

The draws for this category are also scheduled to be held during the year on April 18th, July 18th as well as on October 17th. 

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