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 extensive management or business-ownership experience who would like to own and operate their own business in PEI.

Under the 100% Ownership Stream, the applicant must:

  • Submit required Provincial forms, Federal forms and supporting documentations
  • Score a minimum of 50 points on the self-assessment
  • Have a minimum verifiable personal net worth of $600,000 which has been accumulated through legal and legitimate sources in your own right.
  • Possess a minimum education of high-school diploma or equivalent
  • Have a minimum education of high school equivalent.
  • Be within 21-59 years of age at the time of application.
  • Have transferable management skills and past employment or business-ownership experience.
  • Meet minimum language requirements equivalent to a band score of 4.0 on an IELTS test.
  • Intend to live and work in PEI and provide day-to-day active and ongoing management of your company from PEI.
  • Attend an interview with staff from the Office of Immigration.
  • 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.

 

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