September 19 and November 21, 2018 are the dates that have been announced by Saskatchewan for the next two Expression of Interest draws for entrepreneurs. Foreign entrepreneurs interested in immigrating to Saskatchewan through its Entrepreneur sub-category have to register in the SINP’s online application system and complete an EOI profile.
Applicants applying through the entrepreneur category are required to take on an active management role in the business. Candidates are assessed on the EOI points grid and awarded scores.
To be eligible, applicants must:
- have CAD $500,000 at minimum in Net Business and Personal Assets;
- have a minimum of three years of relevant business management or entrepreneurial experience gained in the past ten years; and,
- intend to invest a minimum of CAD $300,000 in Regina and Saskatoon or a minimum of CAD $200,000 in all other Saskatchewan communities
Apart from the rankings candidates are also assessed based on the province’s nomination targets. Those approved are given a support certificate and have to apply for a work permit
Candidates approved by Saskatchewan will be able to apply to the Government of Canada for a temporary work permit.
Candidates who complete the terms of their Business Performance Agreement (BPA) and operate their business for at least six months can then apply to Saskatchewan for a provincial nomination for permanent residence.