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Fast-tracking immigrant investors

The province has redesigned its program for fast-tracking immigrant investors — adding a new way to screen applicants and requiring successful candidates to have more money.

The Saskatchewan government has revamped its rules for prospective immigrants who are entrepreneurs or farmers.

 

Starting today, applicants to the province's immigrant nominee program will have to have a minimum net worth of $500,000, compared to $300,000 previously.

 

A $75,000 "good faith" deposit is no more, but candidates must be prepared to invest a minimum of $300,000 in Regina or Saskatoon, or $200,000 outside those cities.

 

Immigrant farmers and entrepreneurs who previously got into Saskatchewan on a first-come, first-serve basis, must now go through a two-stage application process.

 

Priority is based on a point system, in which potential candidates with the highest score will be selected for the second round -- formal assessment.

 

Also new is a requirement that everyone setting up in Regina or Saskatoon must create or maintain at least one job for a Canadian or permanent resident who is not a family member.

 

The provincial government says the changes will streamline the process.

The government has set up a new online portal where applicants must send their initial applications and supporting documents.

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Aaron Habicht
Cell:1-306-536-2454
Sutton Group - Results Realty
3904 B Gordon Road
Regina, SK
S4S 6Y3 CA
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