Prince Edward Island Provincial Nominee Program for Investment Immigration

This is 100% Ownership Stream. The Prince Edward Island investor immigration program is for those individuals who would like to migrate to Prince Edward and want to own their own business. IF you are one such individual, then you would be eligible for a permanent residency status through the 100% ownership stream of the PEI PNP. This is especially for those foreigners who have extensive business-ownership or management experience and who would like to own and operate their own business in PEI.

TO be eligible under this stream

  • You need to have a minimum level of education equivalent to the secondary school in Canada
  • You need to have a minimum legal personal net worth of $ 600,000 CAD
  • At the time of submitting the application you need to be with in the age limit of 21 and 59 years.
  • You should have management experience or business ownership experience
  • You must be able to meet the minimum language requirement equivalent to CLB/NCLC 4
  • You must have the intention to live and work in PEI and manage your business on a day-to-day basis
  • You need to sign an escrow agreement with the PEI Province and submit a deposit of $ 200,000 CAD. When you meet the terms and conditions of the agreement, this amount would be refunded back to you

How do I apply?

If you are eligible as per the above criteria then,

  • You must first read the Business Application Guide
  • Your profile must be created in the PEI’s Expression of Interest system
  • A verification will be done
  • Post verification, you need to go ahead and complete your profile creation.

The profile created will be active for a period of 6 months. You need to provide accurate verifiable information. On any occurrence where there might be a change in information or status of yours post application, you need to submit relevant documents as is needed.

Expression of Interest is only an indication of your interest to move and do business in PEI. It is not an application. You will receive an email notification inviting you to apply. This email will have information which include your file number and instructions about how to submit your file.

The complete application package which includes the application and supporting documentation along with application fee can be submitted to the immigration office either in person or by post.

Once you receive your nomination from PEI PNP, you will have to submit your application for Permanent Residency Status to the IRCC. Your application should include your nomination certificate.