he program nominates individuals it deems likely to make a positive contribution to the province. Applicants are assessed on criteria set by Immigration Services within the Labour Impact and Business Impact Categories. The PEI PNP establishes nomination targets for each category under the program based on the province’s priorities.
The Business Impact Category provides the opportunity for foreign nationals who wish to work and live in Prince Edward Island to be nominated by the Province thus becoming permanent residents of Canada. The purpose of this program is to attract businesspersons who are willing to make an equity purchase in and actively manage a new or existing business in Prince Edward Island.
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Under the Partial Ownership Stream, the applicant:
Must meet the age, education, work experience, adaptability and language skills necessary to establish and operate a business in Prince Edward Island.
Must provide a valid International English Language Testing System (IELTS) test result (obtained within the last 3 years). In order to obtain approval on language ability applicants must achieve a Canadian Language Benchmark Placement Test (CLBPT) equivalent result of CLBPT 5 from their IELTS test. Applicants below CLBPT 5 will be required to sign a language deposit agreement and make a $20,000 deposit.
Applicants are required to identify the stream, which they are applying under, and the sector within Prince Edward Island in which they will likely be involved. Immigration Services will assess the application on the merits of the applicant to demonstrate the capacity to operate a prospective business based on the abilities, experience and business proposal.
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The 100% Ownership Stream is designed for individuals who have a strong entrepreneurial spirit, a great work ethic and solid business acumen. In the application and business proposal, the applicant must demonstrate these skills and the capability of owning and operating a business in Prince Edward Island. The stream will require any approved applicant to obtain 100% control of a business through the start of a new business, or an outright purchase of an existing business. The applicant must provide active and ongoing management to the business from within Prince Edward Island.
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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. The Business Impact Category is looking for interested businesspersons who can demonstrate vision, leadership and determination. Together with a growing population and economy, we are confident that a choice to invest in and operate a business in Prince Edward Island will serve not only the interests of the business person themselves but the entire province at large.
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The program nominates individuals it deems likely to make a positive contribution to the province. Applicants are assessed on criteria set by Immigration Services within the Labour Impact and Business Impact Categories. The PEI PNP establishes nomination targets for each category under the program based on the province’s priorities.
Read More