Eligibility Requirements for the Prince Edward Island Provincial Nominee Program (PEI PNP)

The PEI Provincial Nominee Program for Business (commonly known as the PEI Investment Immigration Program) is a 'dark horse' among Canadian immigration programs, renowned for its fast processing times and high success rate. Through this program, clients can obtain their Canadian permanent resident card within 15 to 18 months from the date of application submission to receiving their federal immigration visa. Below, we provide a brief overview of the eligibility requirements for the PEI Investment Immigration Program.

■ The applicant (including spouse) must have a net worth of no less than 600,000 CAD. Assets may include: savings, stocks, real estate, and business assets;

■ The applicant must have at least 3 years of management or business ownership experience within the 5 years prior to submitting the application;

■ The applicant must demonstrate the ability to execute their business project: submit a business plan indicating the intent to establish or acquire a business in PEI. The applicant may operate the business independently or as a partner. The applicant or their spouse must hold at least 1/3 equity in the invested enterprise, with an investment of no less than 150,000 CAD; if the equity held in the enterprise is less than 1/3, the required investment must be no less than 1,000,000 CAD;

■ The applicant is required to conduct a business visit to PEI for at least 5 days;

■ The applicant must reside in PEI and actively participate in the daily management of the business;

■ The applicant must provide IELTS test scores with an average of 4.0 or higher, obtained within the past 2 years;

■ The applicant is required to provide a 200,000 CAD deposit (consisting of a 150,000 CAD investment deposit and a 50,000 CAD residency deposit). The 50,000 CAD residency deposit will be refunded in installments based on the duration of residency: 25,000 CAD will be refunded after 6 months of residency in PEI, and the remaining 25,000 CAD will be refunded after one year of residency. The 150,000 CAD investment deposit will be refunded upon compliance with the terms of the escrow agreement.