In the draw held on September 19, the province of Saskatchewan issued 71 invitations to entrepreneurs. The average EOI score in this latest draw was 115 with scores ranging between 110 and 135.
Applicants who wish to set up, purchase or partner in a business in Saskatchewan should apply under the Saskatchewan Entrepreneur Category. To be eligible, interested applicants should submit an Expression of Interest to the SINP (Saskatchewan Immigrant Nominee Program).
The SINP EOI assesses the eligibility of the applicant and scores the application on the basis of the Entrepreneur’s Category points-grid and provides a ranking score.
To meet the minimum eligibility criteria, an applicant must:
- Have minimum net worth of at least CAD $500,000
- Have business or management work experience of at least 3 years in the recent 10 years
- Make a minimum investment of at least CAD $300,000 if setting up a business in Regina or Saskatoon. For setting up a business elsewhere, a minimum investment of CAD $200,000 is needed.
Applicants who have received the invitation in the draw are issued the SINP Entrepreneur Approval Letter. They can then subsequently apply for a Temporary Work Permit to the IRCC, as per the CIC News.
Entrepreneurs who fulfil the terms of the Performance Agreement with the SINP for at least a period of 6 months may then apply to SINP for a provincial nomination. The Provincial Nomination then leads to Permanent Residency of Canada.
If you are looking to Study, Work, Visit, Invest or Migrate to Canada, talk to Y-Axis, the World’s No.1 Immigration & Visa Company.
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