Prince Edward Island Provincial Nominee Program

With the introduction of the Prince Edward Island Provincial Nominee Program (PEI PNP) in 2001, the province has taken a leadership role in setting its own immigration criteria and objectives. Under the Agreement for Canada-Prince Edward Island Co-operation on Immigration, the PEI PNP is a Federal-Provincial partnership between the Province of Prince Edward Island, represented by the Office of Immigration and by Citizenship and Immigration Canada (CIC). Through this program the Office of Immigration has the ability to nominate individuals to CIC. The PEI PNP is responsible for the majority of all international newcomer entries to Prince Edward Island.

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.

  • Outright Purchase of an existing business or the start of a new business in PEI with an Investment requirement of at least CDN$ 150,000 with active management of that 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.

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.

  • with an Investment requirement of at least CDN$ 150,000 with active management of that 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.

  • Step by Step application process

  • After approval, apply for temporary work permit (WP) for two year

  • On arriving in PEI with WP, the applicant has to meet conditions for two year after which PEI nominates applicant for PR.

  • With the nomination applicant will apply to Federal Government for PR.

 

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