As a component of Canada's investment immigration programs, Saskatchewan offers a relatively lower cost of living compared to other parts of the country, which helps save on living expenses and business startup costs. Additionally, the Saskatchewan investment immigration policy is relatively lenient. So, what has the success rate for the Saskatchewan entrepreneur immigration program been in recent years?
Let us first look at some data: the application approval rates for the three years from 2013 to 2015 were 45.36%, 32.32%, and 29.81%, respectively. After Saskatchewan implemented the EOI (Expression of Interest) scoring system in March 2015, many people regained hope. However, the policy did not develop as expected; the selection scores were alarmingly high, and very few people were able to pass. Fortunately, the Saskatchewan Immigrant Nominee Program office recognized this issue and corrected it in a timely manner. Since 2016, EOI scores have been trending downward. This year, the minimum score was surprisingly as low as 80 points. The chart below shows the EOI selection scores over the years.
It is not difficult to see from the chart above that the requirements for Saskatchewan entrepreneur immigration are continuously decreasing. It is believed that the success rate will rise accordingly. Due to the downturn in previous years, the success rate for Saskatchewan entrepreneur immigration is expected to reach over 90% in the coming years. The application success rate for the Saskatchewan entrepreneur immigration program is about to enter a golden era.
Saskatchewan Entrepreneur Immigration Application Requirements
1. Family Net Worth:
Verifiable net worth of at least 500,000 CAD under the name of the principal applicant or both spouses.
2. Management Experience:
At least three years of business management experience within the past ten years.
3. EOI Score:
An EOI score of 80 points or higher.
4. Investment Requirements:
Invest at least 300,000 CAD in Saskatoon or Regina, or at least 200,000 CAD in other regions of Saskatchewan; create at least 2 jobs, or maintain existing employees (the applicant must invest and participate in the daily management of the business in Saskatchewan).
Canada is a vast country with a sparse population, and its pleasant living environment makes it an ideal immigration destination for many. As a golden gateway for Chinese citizens to immigrate to Canada, the Saskatchewan entrepreneur immigration program offers lower asset and investment requirements, allowing the entire family to obtain permanent residency (Maple Leaf Card) in one step. What are you waiting for?