Saskatchewan invites 41 entrepreneurial candidates in an SINP draw

On September 2, 2021, Saskatchewan issued 41 invitations to foreign investors willing to invest in business in the province. The immigration candidates were issued invitations in a SINP Entrepreneur stream draw.

This was how the draw went:

Date	Lowest score	Average score	Highest score	Number of invitations
Sep 2 2021	110	115	125	41

The next draw under the SINP Entrepreneur Stream will be conducted on November 4, 2021.

About SINP Entrepreneur Stream

Saskatchewan assigns priority to 3 selection factors to different candidates with the same score on the Entrepreneur Stream points grid. These 3 factors are as follows (in the order of priority):

• Ability in Canada’s official language
• People with businesses planned to function for a key economic sector
• The completion of an exploratory visit

The SINP Entrepreneur stream is a 3-stage process. The stages are:

• Creating an EOI
• Receiving an ITA
• Getting nomination

The minimum entry requirements that EOI has to meet for this stream are:

• The applicant’s net worth must be at least $500,000 which must be legally acquired.
• The applicant must have relevant experience of at least 3 years in entrepreneurship or management of an enterprise.
• The applicant must invest at least $300,000 in Saskatoon or Regina, or invest $200,000 in any other area of Saskatchewan.

Candidates who submit their EOIs will become part of a pool. There they will receive a score. Those who score the highest will receive invitations to submit an application.

The application must include:

• A Business Establishment Plan that confirms the figures given in the EOI, and which includes a minimum of one-third ownership of a company in Saskatchewan, unless the investment done is at least $1 million
• A commitment to actively participate in the daily management of the business
• Creation of 2 or more jobs for the permanent residents or citizens of Canada in case the business is situated in Saskatoon or Regina

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Note:

PR – Permanent Residence/Permanent Resident

CRS – Comprehensive Ranking System

EOI – Expression of Interest

ITA – Invitation to Apply

SINP – Saskatchewan Immigration Nominee Program