The “Garden of Province”, Canada Prince Edward Island, gives warm welcome to the newcomers wishing to embrace the opportunities presented by living in Canada’s smallest and, perhaps, the most beautiful province. Also known across the globe as the “birthplace of Canada’, the island is not only popular for its lush farmland and beautiful coasts, it is also a home to a strong economy centered on agriculture, tourism, and fishing. Remarkably, it is also one of the least populated islands, and known for natural beauty and mesmerizing beaches.
Canada Prince Edward Island Provincial Nominee Program
The PEI PNP is basically a Federal-Provincial joint venture between the Province of Prince Edward Island & the Government of Canada, suitably represented by the Citizenship and Immigration Canada (CIC)—the concerned immigration and visa organization of the nation.
Canada Prince Edward Island Business Provincial Program
If you are a businessman, and planning to immigrate to Prince Edward Island, you have made an excellent choice. Canada Prince Edward Island Business Provincial Program allows the province to offer nomination to the applicants who make the grade for immigration, under the provincially established criteria for a Permanent Resident (PR) Card.
Successful applicants receive a Prince Edward Island Provincial Nomination Certificate, which will speed-up their Canada Immigration PR Card application process. Individuals, nominated by the Government of Prince Edward Island, along with their family members, can submit an application, for a PR Card, to the CIC as a Provincial Nominee.
Under the Business Provincial Program for Canada Prince Edward Island, there are different streams up for grabs, via which business immigration applicants can present an application:
100% Ownership Stream: Among others, business applicants should:
- Meet the age, education, employment experience, adaptability and language proficiency necessary to set up and run a business in the province.
- Make available a legal International English Language Testing System (IELTS) test result gained inside the previous 3 years.
- Submit a business proposal at the time of submitting a submission and a business plan post the exploratory visit detailing the start up or the procurement of a business undertaking in Prince Edward Island.
- Give evidence of a personal net worth of not less than $400,000 CAD received from legal sources.
- Possess a minimum of $100,000 CAD personal funds to make the compulsory escrow deposit.
- Make an investment of not less than $150,000 CAD to launch or buy an eligible business in the province.
- Control 100% of the business, and present active and on-going management of the business from inside the province.
Partial Ownership Stream: Among others, business applicants should:
- Fulfill the age, education, employment experience, adaptability, and language expertise necessary to set-up and control a business in Prince Edward Island.
- Present a valid International English Language Testing System (IELTS) test result gained inside the previous 3 years.
- Make available a business proposal at the time of submitting a petition and a business plan after the exploratory visit for buying partial ownership of a company in the island.
- Present evidence of personal net worth of not less than $400,000 CAD obtained from authorized sources.
- Possess not less than $100,000 CAD personal funds to make the compulsory escrow deposit.
- Possess adequate personal funds to make the obligatory investment, and operate/run the business for not than one year, and reside in Prince Edward Island.
- Make an investment of not less than $150,000 CAD.
- Control and manage not less than 33 1/3% of the equity in the business, or make an equity investment in the business of at least $1,000,000 CAD.
- Give active and on-going supervision of the business from within the province.
- Carry-out an investment agreement delineating the terms and conditions of the aspirant’s aim to make an investment in a suitable Prince Edward Island business.