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Applicants are assessed on criteria set by the Office of Immigration within the Labor Impact and Business Impact Categories. The PEI PNP establishes nomination targets for each category under the program based on the province’s priorities.

If nominated by the Office of Immigration, you must then apply for Canadian permanent resident status to CIC via the visa office/embassy. You will be required to pay immigration fees and meet the federal immigration statutory requirements. CIC has the final authority to issue a permanent resident visa.

Business Impact Category Overview

The Business Impact Category provides the opportunity for foreign nationals to be nominated by Prince Edward Island to become permanent residents of Canada providing they invest in and actively manage a business in Prince Edward Island.

100% Ownership Stream:

The escrow agreement requires the applicant to obtain 100% control of a business through this stream.

Partial Ownership Stream:

The Partial Ownership Stream is designed for applicants who wish to make transition into the Prince Edward Island business community by becoming a partial owner in a business.

CDN$ 200,000 required to be deposited with PEI Government for two years, under Escrow agreement; out of which $25,000 refunded after 6 months of residency; another $25,000 CAD after 1 year of residency; remaining $150,000 CAD upon the applicant meeting the requirements outlined in the escrow agreement.

Work Permit Stream:

The Work Permit Stream will allow applicants to come to Prince Edward Island and begin working and learning about the business they will be investing in prior to nomination by the PEI.

 

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