PEIPNP Criteria: Partial Ownership Business Stream

• Any business, or member of an associated group of companies (see definitions), that has received investment through the Provincial Nominee Program within the past 48 months will not be eligible.
• Access will be limited to one applicant per group of associated companies.
• Where related groups of companies (see definitions) exist, eligibility will be limited to one transaction per related group unless each company is determined by Immigration Services to be a stand-alone entity and is not related by way of any material business transactions.

Where there are common shareholders between multiple businesses seeking access to the Business Impact Category, Immigration Services reserves the right to limit access to the PEI PNP if, in the view of Immigration Services, one purpose of the company structure is to access further investors.

Due Diligence

Business Impact Category applicants and potential Prince Edward Island businesses are to obtain accounting/finance, risk assessment, tax, legal or other advice as may be required to exercise due diligence in selecting and investing.  Referrals to a chartered accountant, certified general accountant or tax specialist may be provided through the respective regulatory bodies:

Institute of Chartered Accountants of Prince Edward Island
129 Kent Street, PO Box 301
Charlottetown, Prince Edward Island
Canada CIA 7K7
Tel: (902) 894-4290    Fax: (902) 894-4791
Email: amferris@icapei.com     Website: www.cica.ca or www.icapei.com

Certified General Accountants Prince Edward Island
18 Queen Street
Box # 3, Suite 105
Charlottetown, Prince Edward Island
Canada C1A 4A1
Tel: (902) 368-7237    Fax: (902) 368-3627
Email: contact@cga-pei.org        Website: www.cga-canada.org or www.cga-online.org/pe

CMA Prince Edward Island
Administered by CMA Nova Scotia
Suite 300, 1559 Brunswick Street
Halifax, Nova Scotia
Canada B3J 2G1
Tel: (902) 422-5836  Fax: (902) 423-1605

Law Society of Prince Edward Island
49 Water Street
Charlottetown, Prince Edward Island
Canada CIA 7M4
Tel: (902) 566-1666     Fax: (902) 368-7557
Email: lawsociety@lspei.pe.ca    Website: www.lspei.pe.ca

Community Legal Information Association of Prince Edward Island (CLIA)
1st Floor Sullivan Building, Fitzroy Street
PO Box 1207
Charlottetown, Prince Edward Island
Canada C1A 7M8
Tel: (902) 892-0853    Fax: (902) 368-4096
Email:clia@cliapei.ca         Website: www.cliapei.ca

Declaration

It is important that applicants understand that:

• The Government of Prince Edward Island and IIDI do not assume any liability whatsoever for the oral or written misrepresentations made by the prospective business, or an agent/representative thereof, which may lead to an applicant subscribing for shares in a Prince Edward Island business;
• The Government of Prince Edward Island and IIDI do not guarantee, in any way, that the applicant will eventually recover his/her investment or earn dividends or any other return on their investment;
• The Government of Prince Edward Island and IIDI do not accept any liability whatsoever for the representations, actions, errors or omissions of businesses, agents, or others involved in investment promotion, investment match making, due diligence or other activity which may be associated with the applicant making an investment.

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