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Immigrate to PEI as an Entrepreneur

Sunday, 04 February 2018 11:31

 

1.     100% Ownership Stream

If you are interested in immigrating to Prince Edward Island and would like to own your own business, you may be eligible for a nomination for permanent residency through the 100% Ownership Stream of the Prince Edward Island Provincial Nominee Program (PEI PNP). This stream is for foreign nationals with business-ownership or extensive management experience who would like to own and operate their own business in PEI.

Am I eligible to apply?

To be eligible for nomination through the 100% Ownership stream you must:

v  have a minimum verifiable personal net worth of $600,000 which has been accumulated through legal and legitimate sources in your own right;

v  have a minimum education of secondary school equivalent;

v  be within 21-59 years of age at the time of application;

v  have transferable management skills and past employment or business ownership experience;

v  meet minimum language requirements equivalent to a CLB/NCLC 4 (link is external); and

v  intend to live and work in PEI while providing day-to-day active and ongoing management of your PEI-based company.

v  Attend an interview with staff from the Office of Immigration.

 

v  Sign an escrow agreement with the Province and submit a $200,000 deposit, which will be refunded upon you meeting the terms and conditions of the escrow agreement.

Buy or Sell a PEI Business


2.     Partial Ownership Stream

If you are interested in immigrating to Prince Edward Island and would like to invest in and run a business, you may be eligible for a nomination for permanent residency through the Partial Ownership Stream of the Prince Edward Island Provincial Nominee Program (PEI PNP). This stream is for foreign nationals with extensive management or business-ownership experience who would like to invest in and participate in the management of a PEI business.

Am I eligible to apply?

To be eligible for nomination through the Partial Ownership stream you must:

 

v  have a minimum verifiable personal net worth of $600,000 which has been accumulated through legal and legitimate sources in your own right;

v  have a minimum education of secondary school equivalent;

v  be within 21-59 years of age at the time of application;

v  have transferable management skills and past employment or business ownership experience;

v  meet minimum language requirements equivalent to a CLB/NCLC 4 (link is external); and

v  intend to live and work in PEI while providing day-to-day active and ongoing management of your PEI-based company.

v  Attend an interview with staff from the Office of Immigration.

 

v  Sign an escrow agreement with the Province and submit a $200,000 deposit, which will be refunded upon you meeting the terms and conditions of the escrow agreement

 

3.     Prince Edward Island Expression of Interest System

 

The Office of Immigration has created a new Expression of Interest System.  All foreign nationals interested in applying for permanent residency through the Business Impact Category, Express Entry or Labour Impact Category must create an account and profile through our on-line Expression of Interest System.  If you are using a representative, they must submit a profile on your behalf. 

How does the new Expression of Interest System work?

Immigration through the Prince Edward Island through Business Impact Category, Express Entry or Labour Impact Category is a three-step process:

vStep 1: Create an account and submit your profile in the Expression of Interest system

vStep 2: The highest-scoring qualified candidates with a connection to Prince Edward Island are invited to submit an application to the PEI PNP

vStep 3: Following a thorough review of the paper application submitted to the Office of Immigration, Prince Edward Island nominates successful candidates to make a separate application to the Government of Canada for permanent resident visas for you and your family.

 

Important

An Expression of Interest is not an application, but an indication of your interest in being considered to apply to the PEI PNP. The Office reserves the right to limit intake or make exclusions from Expressions of Interest draws. 

Information provided in the Expression of Interest Profile must be valid and verifiable. The Office of Immigration will compare information provided in application with the Expression of Interest Profile, if there is a discrepancy it may affect your ability to apply.  Files that have been determined to contain misrepresentations may be ineligible to apply to the Office of Immigration for 2 years.

4.     Work Permit Stream

If you are interested in immigrating to Prince Edward Island and would like to invest in and run a business, you may be eligible for a nomination for permanent residency through the Work Permit Stream of the Prince Edward Island Provincial Nominee Program (PEI PNP). This stream is for foreign nationals with business ownership or extensive management experience who would like to move to PEI  to start their business, and eventually become a permanent resident.

Am I eligible to apply?

To be eligible for nomination through the Work Permit stream you must:

 

v  have a minimum verifiable personal net worth of $600,000 which has been accumulated through legal and legitimate sources in your own right;

v  have a minimum education of secondary school equivalent;

v  be within 21-59 years of age at the time of application;

v  have transferable management skills and past employment or business ownership experience;

v  meet minimum language requirements equivalent to a CLB/NCLC 4and

v  intend to live and work in PEI while providing day-to-day active and ongoing management of your PEI-based company

v  Attend an interview with staff from the Office of Immigration.

 

v  Meet the terms and conditions of the Performance Agreement signed with the Office of Immigration.

Important

An Expression of Interest is not an application, but an indication of your interest in being considered to apply to the PEI PNP Business Impact Category. The Office reserves the right to limit intake or make exclusions from Expressions of Interest draws.  

If you are invited to apply you will receive an email notification that will include your file and instructions for submission of your file.  If you are invited to apply you must  complete the application forms.

Important

Information provided in the Expression of Interest Profile must be valid and verifiable. The Office of Immigration will compare information provided in application with the Expression of Interest Profile, if there is a discrepancy it may affect your ability to apply.  Files that have been determined to contain misrepresentations may be ineligible to apply to the Office of Immigration for 2 years

The complete application package, along with all supporting documentation and the $10,000 application fee, can be submitted to the Office of Immigration.

Do I have to pay a fee?

There is no fee to create an Expression of Interest.  If you are selected for nomination by PEI, the application fee is $10,000 CAD which must be submitted with your application.  The acceptable forms of payment are a bank draft, a certified cheque, or a money order made payable to Island Investment Development, Inc. 

 

If your file is not accepted, the entire fee will be refunded.  If your file is declined or withdrawn prior to you being interviewed by our office, $7,500 will be refunded.  If your file is declined or withdrawn after you have interviewed with our office, the entire fee is non-refundable.  The acceptable forms of payment are a bank draft, a certified cheque, or a money order made payable to Island Investment Development Inc.

Last modified on Wednesday, 07 February 2018 21:48
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Ms. Nooshin Djavanshir Haidari is a good standing member of the Immigration consultants of Canada regularity console, (ICCRC) R409895 , ICCRC