Saskatchewan (Canada) conducts largest ever draw for entrepreneur steam of SINP

Saskatchewan province of Canada conducted its largest ever draw for the SINP’s (Saskatchewan Immigrant Nominee Program) Entrepreneur stream as 142 international entrepreneurs were invited to apply to the program after the draw on 24 May 2017. This draw saw another record being set as the points’ ceiling touched its lowest ever minimum points of 80, which a candidate needs to be invited to apply Referred to as the SINP Entrepreneur Program by Saskatchewan’s government, this program allows successful applicants to start, takeover or partner in a business in Saskatchewan and manage it while being actively involved in it as they reside in the province with their dependent family members. This needs applicants to successfully obtain a work permit first, which allows them to work in the province prior to applying for permanent residency. According to Canadavisa.com, the eligibility criteria include entrepreneur candidates to have a minimum net worth of C$500,000 and an equity investment of C$200,000 – to be C$300,000 if the money is invested in the cities of Saskatoon or Regina. In addition, the business needs to economically benefit Saskatchewan when evaluated by an SINP immigration officer. For eligibility, candidates are given a score out of 160 upon entry to the SINP Entrepreneur candidates’ pool. The unique points’ grid emphasises mainly on needs of local labour market. Other important aspects include candidate’s age, language proficiency, entrepreneurial experience, educational qualification and so on. The lowest score among invited candidates, before the most recent draw, had been 95. Later on, it declined to 80 in the most recent draw, demonstrating a significant fall in the cut-off ceiling. Besides undertaking the 24 May draw, the SINP announced three forthcoming dates for this program’s future draws. These draws are to be held on 19 July 2017, 18 October 2017 and 17 January 2018. Unlike in both federal and provincial governments elsewhere in Canada, where advance notice of future draws dates have yet to be given, the SINP Entrepreneur Program is unique because candidates now know when draws would take place. If you are looking to migrate to Saskatchewan, Canada, get in touch with Y-Axis, a global leader in immigration consultancy, to apply for an entrepreneur visa.