Prince Edward Island Entrepreneur

Prince Edward Island Entrepreneurship Pathway – Work Permit Stream

Suppose you are interested in immigrating to Prince Edward Island and would like to invest in and run a business. In that case, 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 want to move to PEI to start their business and eventually become permanent residents.

Prince Edward Island Entrepreneur

Am I eligible to apply For the Prince Edward Island Entrepreneur program?

To be eligible for nomination through the work permit stream you must:

  • Have a minimum verifiable personal net worth of $600,000 which has been accumulated through legal and legitimate sources in your own right.
  • Have a minimum education of secondary 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 CLB/NCLC 4.
  • Intend to live and work in PEI while providing day-to-day active and ongoing management of your PEI-based company.
  • Attend an interview with staff from the office of immigration.
  • Meet the terms and conditions of the performance agreement signed with the office of Immigration.

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Eligibility Criteria for Businesses in the Business Impact Category

Key Eligibility Criteria for Businesses

Exclusions for Business Applications

Business Plan Essentials

Procedure for Applying to the Work Permit Stream

  • Initial Step: Prospective business applicants are advised to carefully assess the Work Permit Stream’s eligibility requirements before creating an Expression of Interest (EOI) profile. This pre-application step is crucial to determine if they fulfill the program’s criteria.
  • Second Step: Set up an EOI profile, ensuring to include a valid email and accurate identification details. Keep in mind that this profile is active for six months and represents an interest in the Business Impact Category — Work Permit Stream, not a formal application.
  • Third Step: Those selected from the EOI pool will receive an invitation to apply for the Work Permit Stream. Upon invitation, candidates have a 60-day window to submit their full application to the PEI PNP.
  • Fourth Step: Invited applicants need to fill out all necessary forms and compile the required documentation for their application. The PEI Office of Immigration may ask for additional documents during the application process.
  • Fifth Step: Submit the complete application and any fees to the PEI Office of Immigration within 60 days of the invitation. This submission can be made in person, by courier, or by mail.
  • Sixth Step: Successful applicants will be called for an in-person interview. During this interview, they must present a detailed discussion of their business proposal and show a comprehensive understanding of their business plan. Refer to the PEI application guide for the complete list of required forms and documents for the interview.
  • Seventh Step: Sign and submit a Performance Agreement detailing the business establishment conditions.
  • Eighth Step: On receiving a letter of support from the Government of PEI, the applicant can proceed to apply for a work permit with IRCC.
  • Ninth Step: If the work permit is granted, the applicant must visit the PEI Office of Immigration in person within 30 days of arrival in Canada to comply with the agreement terms.
  • Tenth Step: Once in PEI, a Settlement Officer will be assigned to assist in establishing and managing the business. Regular progress updates will be required. If the Performance Agreement and nomination criteria are met, the Government of PEI will issue a nomination for Canadian permanent residence, after which the applicant can apply to IRCC.

Performance Agreement and Nomination Conditions

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