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Prince Edward Island Nominee Program - Business Impact - Work Permit Stream

CanadaStarting a business

Explore the five recorded questions, answers and sources for this pathway.

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Is this for a founder, startup entrepreneur, self-employed person, freelancer, company owner or another business profile?

For foreign nationals with business ownership or extensive management experience who want to invest in and run a business, move to PEI to start their business and eventually become permanent residents.

See recorded sources
  • chars 1067-1529
    If you are interested in immigrating to Prince Edward Island and would like to invest in and run a business, 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 would like to move to PEI  to start their business, and eventually become a permanent resident.

What must actually exist or be demonstrated: business plan, company, innovation, clients, contracts, economic activity, job creation or other substance?

The applicant must run a PEI-based company, living and working in PEI while providing day-to-day active and ongoing management of it, attend an interview with staff from the Office of Immigration, and meet the terms and conditions of a Performance Agreement signed with the Office of Immigration.

See recorded sources
  • chars 2275-2553
    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.

What investment, capital, income, revenue, funding or viability evidence is central to this pathway?

A minimum verifiable personal net worth of $600,000 accumulated through legal and legitimate sources in the applicant's own right. The official source does not state a minimum investment in the business itself.

See recorded sources
Limits of the record
  • the citation covers personal net worth only; the page states no minimum amount that must be invested in the business itself
  • separately from investment capital, the page states a $10,000 CAD application fee payable with the application, refundable in part or in full only in the circumstances it lists
  • chars 1631-1772
    - have a minimum verifiable personal net worth of $600,000 which has been accumulated through legal and legitimate sources in your own right;

What business/self-employed activity may the holder conduct? Are there important restrictions? What is the family position where clearly stated?

The applicant must intend to live and work in PEI while providing day-to-day active and ongoing management of their PEI-based company. The official source does not state sector restrictions or the family position.

See recorded sources
Limits of the record
  • the citation states the residence-and-active-management duty; the page sets no sector or activity restriction and states nothing about a spouse's or dependants' status or work rights
  • net worth must also be verified by a Designated Net Worth Verifier once invited to apply, which the page states separately
  • chars 2273-2388
    - intend to live and work in PEI while providing day-to-day active and ongoing management of your PEI-based company

What approval/application sequence applies, how long is the status granted, how is it renewed, and what longer-term residence direction is officially stated?

After approval for a work permit the applicant must move to PEI and start the business; once all terms and conditions of the Performance Agreement are fulfilled a nomination certificate is issued, and the applicant is then responsible for filing the permanent residence application with IRCC, which assesses it for admissibility. The official source does not state the work permit's duration or renewal.

See recorded sources
Limits of the record
  • the citation does not state how long the work permit is valid or how it is renewed, nor any deadline for the permanent residence application
  • the earlier steps (Expression of Interest profile valid for six months, invitation to apply, complete application) are stated in other sections of the page
  • chars 8350-8705
    After you are approved for a work permit, you must move to PEI and start your business.  After you have fulfilled all of the terms and conditions of your Performance Agreement you will be issued a nomination certificate.  You are then responsible for filing your Application for Permanent Residency with IRCC, who will assess it for admissibility factors.

These are the answers currently recorded in the catalogue. A missing or partial answer is not an eligibility decision.

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