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Provincial Nominee Program

Prince Edward Island

Business Impact Category

a)      100% Ownership Stream

  • Possess a minimum verifiable personal net worth of $600,000 which has been accumulated through legal and legitimate sources in their own right.
  • Possess 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.
  • Have scored a minimum band score of 4.0 on the IELTS within the last 2 years.
  • Provide a detailed business plan for 100% business ownership that falls within an eligible sector and meets all program criteria in place at the time of application.
  • Provide active and on-going management of the business from within Prince Edward Island.
  • Sign an escrow agreement containing stipulations on a deposit of $200,000 to be held by the Province until terms of the agreement have been met.
  • Make a minimum of $150,000 investment into a new or existing Prince Edward Island owned and operated business.

b)     Partial Ownership Stream

  • Possess a minimum verifiable personal net worth of $600,000 which has been accumulated through legal and legitimate sources in their own right.
  • Possess 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.
  • Have scored a minimum band score of 4.0 on the IELTS within the last 2 years.
  • Provide a detailed business plan for partial business ownership that falls within an eligible sector and meets all program criteria in place at the time of application.
  • Provide active and on-going management of the business from within Prince Edward Island.
  • Sign an escrow agreement containing stipulations on a deposit of $200,000 to be held by the Province until terms of the agreement have been met.
  • Make a minimum of $150,000 investment into an existing Prince Edward Island owned and operated business for a partial ownership interest of a minimum of 33 1/3% of voting shares; or make a minimum $1 million investment.

c)      Work Permit Stream

  • Apply to CIC for approval of a work permit for the Prince Edward Island business that the applicant intends to invest in and manage.
  • Possess a minimum verifiable personal net worth of $600,000 which has been accumulated through legal and legitimate sources in their own right.
  • Possess a minimum education of high-school equivalent.
  • Have transferable management skills and past employment.
  • Have scored a minimum band score of 4.0 on the IELTS within the last 2 years.
  • Provide a detailed business plan that falls within an eligible sector and meets all program criteria in place at the time of application.
  • Provide active and on-going management of the business from within Prince Edward Island.
  • Sign a Performance Agreement containing stipulations on the business investment that must be satisfied to proceed with nomination.
  • Make a minimum of $150,000 investment into a new or existing Prince Edward Island owned and operated business.

 Labour Impact Category 

a)      Skilled Worker Stream

  • Have a full-time, long-term (i.e. permanent or minimum of 2 years) job offer from a Prince Edward Island employer at a NOC skill level O, A or B.
  • Have a valid work permit if currently employed by a Prince Edward Island employer.
  • Have legal status in country of residence.
  • Have successfully completed minimum 2 year post-secondary education
  • Be between 21 and 59 years of age.
  • Have at least 2 years of full-time work experience or relevant schooling within the past 5 years.
  • Possess sufficient English and/or French language ability to perform the job
  • Demonstrate sufficient settlement funds
  • Demonstrate genuine intention to settle in Prince Edward Island.

b) Critical Worker Stream

  • Have a full-time, long-term (i.e. permanent or minimum of 2 years) job offer from a Prince Edward Island employer at a NOC skill level C or D in one of the following occupations; truck driver, customer service representative, labourer, food & beverage server or housekeeping attendant.
  • Have worked a minimum of 6 months full-time for the Prince Edward Island employer.
  • Have a valid work permit.
  • Have legal status in country of residence.
  • Possess a minimum education of high-school equivalent.
  • Be between 21 and 59 years of age.
  • Have at least 2 years of full-time work experience or relevant education within the past 5 years.
  • Provide a valid language test result obtained within the last 2 years with a minimum required competency
  • Demonstrate sufficient settlement funds
  • Demonstrate genuine intention to settle in Prince Edward Island.

 


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