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Prince Edward Island PNP

Prince Edward Island Provincial Nominee Program-Chugo Immigration Services

Prince Edward Island Provincial Nominee Program –  Business Impact Category – Work Permit Stream

The Prince Edward Island Provincial Nominee Program (PEI PNP) Work Permit Stream is for individuals interested in owning and operating a business on the island. Approved business applicants obtain a temporary work permit with Immigration, Refugees and Citizenship Canada (IRCC) to establish their business and if the conditions of the Performance Agreement signed with the Government of Prince Edward Island are met, business applicants may apply for Canadian permanent residence.  Prince Edward Island’s Business Impact Category has a dedicated entrepreneur immigration pathway known as the Work Permit Stream.

The Work Permit Stream operates on an Expression of Interest (EOI) system, which is a points-based system used to assess potential candidates prior to the issuance of an invitation to apply to the PEI PNP Work Permit Stream.

This page will provide the following details on the Prince Edward Island Business Impact Category — Work Permit Stream:

  • Minimum Applicant Eligibility Requirements
  • Minimum Business Eligibility Requirements
  • Application Process
  • Expression of Interest System
  • PEI Work Permit Stream – Expression of Interest Draws

Applicant Eligibility Requirements

In order to be considered eligible under the Work Permit Stream, individuals must:

  • Have a minimum verifiable personal net worth of $600,000 CAD acquired through legal and legitimate sources;
  • Have at least a secondary education level, or equivalent;
  • Have transferable management skills and past employment or business ownership experience;
  • Be within 21-59 years of age at the time of applying;
  • Meet the minimum language requirements equivalent to a Canadian Language Benchmark (CLB) level 4;
  • Intend to reside and work in PEI; and
  • Provide active and ongoing management of the proposed business from within PEI.

Business Eligibility Requirements for the Prince Edward Island Provincial Nominee Program

The Business Impact Category considers applications only involving businesses that generate revenue through the sale of goods or services at arm’s length to third parties. This excludes businesses with the primary purpose of deriving investment income, real estate operations, loan investment companies, and other non-active investments. Entrepreneur applicants looking to purchase an existing business must first obtain approval from the PEI Office of Immigration to ensure that the business meets program criteria.

Minimum Requirements for Business Eligibility

In order to be considered an eligible business under the Business Impact Category, the business must:

  • Be a for-profit corporation incorporated under the Companies Act of PEI or the Canada Business Corporations Act;
  • Operate for the primary purpose of earning profits from active income through the provision of products/services;
  • Be in good standing with the province on all debts and obligations;
  • Have been an established commercial operation for 12 months prior to the intended business start date with validation provided to as part of the Purchase and Sale Agreement;
  • Maintain corporate headquarters in PEI;
  • Maintain a ‘permanent establishment’ in PEI as defined under the Income Tax Act by regulation 400 (2);
  • Be liable to pay income tax on taxable income;
  • Have good potential for sustained commercial viability;
  • Agree to participate in the evaluation process of the PEI PNP, which requires the business to report to the Office of Immigration on an annual basis for up to five years;
  • Have the potential to create significant economic benefits to PEI; and
  • Meet all terms listed in the Business Performance Agreement.

Ineligible Businesses

Applications from the following types of businesses will not be considered under the Business Impact Category:

  • Any business or member of an associated/related group of companies that have received investment through the Provincial Nominee Program within the past 48 months.
  • Bed and breakfasts, hobby farms, and home-based businesses.
  • If the business is an Inn or Boutique Hotel, it must satisfy the following conditions:
    • Have at least 5 rental units, each having at least a three-piece bath;
    • Have revenues of at least $100,000 in the last operating year, supported by financial statements or a tax return; and
    • Have Eligible operating expenses of at least $75,000 in the last operating year, supported by financial statements or a tax return.
  • Payday loans, cheque cashing, money-changing, and cash machines
  • Pawnbrokers
  • Sale of used goods (excluding collectibles, or where the business provides value-added services such as repairs, refurbishing, or recycling).
  • Construction/Renovation businesses must meet the following:
    • Have at least 3 arms-length staff employed full-time for at least 6 months of the year that meet the terms and conditions of the Business Performance Agreement;
    • Rent or construct a space that is outside of their residence to conduct business from; and
    • Demonstrate relevant education or a minimum of 5 years experience in the proposed business.
  • Real estate development, unless deemed to be a significant economic benefit to the PEI economy.
  • Insurance or business brokerage.
  • Franchise operations, unless pre-authorized by the PEI PNP office.
  • Start-ups where the applicant will own less than 100% of business unless deemed to be a significant economic benefit to the PEI economy.
  • Businesses started for the sole purpose of gaining access to permanent residency through immigration.
  • Professional practices
  • Financial services
  • Consulting services
  • Any entity that cannot issue shares.
  • An entity as described in IRPA Regulations 87(6)(a).
  • Any business that will bring the program or the Government of PEI into disrepute.

Work Permit Stream Application Process

  • STEP 1: Before submitting an Expression of Interest (EOI) profile, the PEI PNP encourages potential business applicants to review the eligibility criteria of the Work Permit Stream to know whether or not they meet program requirements.
  • STEP 2: Create an EOI profile and provide a valid email address and verifiable identification information. Profiles remain active for six (6) months. It is important to note that an EOI is not an application for the Work Permit Stream, but an expression of interest in being considered as a potential applicant for the Business Impact Category — Work Permit Stream.
  • STEP 3: Candidates who are invited to apply for the Work Permit Stream will be removed from the EOI selection pool. Invited candidates have up to 60 days from the date of invitation receipt to submit a complete application package to the PEI PNP.
  • STEP 4: In preparing an application, invited candidates must complete all the relevant forms and gather the required supporting documentation. The PEI Office of Immigration may request additional supporting documents at any time during the processing of the application.
  • STEP 5: The complete application package and the application fee must be submitted to the PEI Office of Immigration within 60 days of receiving the invitation to apply. The application package may be submitted either in person, by courier, or by mail within 60 days of receiving the invitation to apply.
  • STEP 6: If an application is approved, the PEI Office of Immigration will invite the applicant to attend an in-person interview. At the interview, applicants must be prepared to discuss their business proposals in detail and demonstrate a thorough understanding of the business plan. It is important to consult the PEI application guide for a list of forms and documents that must be completed and presented at the interview.
  • STEP 7: Submit a signed Performance Agreement that outlines the conditions of establishing the business.
  • STEP 8: If a letter of support is received from the Government of PEI, the applicant can apply for a work permit with IRCC.
  • STEP 9: If a work permit application is approved, the applicant must report to the PEI Office of Immigration in person within 30 days of arriving in Canada in order to remain in compliance with the signed agreement.
  • STEP 10: After arriving in PEI, the business application will be assigned a Settlement Officer who will provide support throughout the process of establishing and operating the business. The Settlement Officer will be in touch with the business applicant on a regular basis for progress reports on business operations. Business applicants who meet the conditions of the Performance Agreement and the nomination requirements will be issued a nomination from the Government of PEI. They may then apply for Canadian permanent residence with IRCC.

Performance Agreement and Nomination Requirements for the Prince Edward Island Provincial Nominee Program.

The Performance Agreement outlines the terms that the Work Permit Stream applicant must meet in order to receive a provincial nomination for Canadian permanent residence from the Government of PEI.

In order to obtain a PEI nomination under the Work Permit Stream and meet the requirements of the Performance Agreement, the applicant must:

  • Maintain residence on the island while operating the business and be physically present in PEI for a minimum of 274 days of the year;
    • Note: If a dependent child is attending a post-secondary institution outside of PEI, the PEI PNP does not require the child to be physically present in PEI for that time period.
  • Invest a minimum of $150,000 into the business within 12 months of landing in PEI;
  • Operate the business for a minimum of twelve consecutive months;
  • Provide active and ongoing management of the business from within PEI;
  • Provide prepared financial statements noting a minimum of $75,000 in eligible operating expenses; and
  • Meet all other terms and conditions of the signed Performance Agreement.

The Business Plan

Business applicants must be prepared to discuss their business proposal and plan during the in-person interview at the PEI Office of Immigration. The PEI business plan must include the following:

  • Company overview;
  • Products/services offered, industry analysis, and competitive landscape;
  • Marketing plan;
  • The management team and staffing;
  • Description of your role in the business;
  • How your experience ties into the business;
  • How the business will provide a significant economic impact to the Province;
  • Historical financial statements (if purchasing a business); and
  • Financial projections are prepared by a qualified accountant (CPA) (if not purchasing a business).

Expression of Interest System

There are six selection factors in the Business Impact Category EOI system for which candidates are awarded up to a maximum of 200. They are Age, Language, Education, Business Ownership or Senior Management Experience, Community Endorsement and Adaptability.

If a prospective applicant shows language proficiency in both official languages, an additional 10 bonus points will be awarded.

Selection factor Points
Age 20
Language 40
Education 20
Business Ownership or Senior Management
Experience
 50
Community Endorsement
 35
Adaptability
 35
Total maximum points: 200

Age

Age Points
21-24 7
25-29 20
30-44 20
45-49 15
50-54 7
Over 54 0
Maximum 20 points

Language

Points for Language are awarded based on valid language test results or proof of a post-secondary academic degree (Bachelor or higher) awarded by a college or university for completion of an English or French post-secondary program. The program must have lasted for at least three years. If evidence of proficiency in both official languages is provided to the PEI Office of Immigration, an additional 10 bonus points will be awarded toward a candidate’s EOI score.

When calculating language points, the PEI PNP will consider the lowest score achieved in all four language abilities (reading, writing, speaking, listening) to determine the score. For example, if a candidate has a CLB 7 in Reading, Writing, and Speaking, but a 5 in Listening, the CLB will be 5.

Language ability Points
CLB 10 40
CLB 9 40
CLB 8 35
CLB 7 30
CLB 6 20
CLB 5 10
CLB 4 OR proof of post-secondary studies in English or French 0
Maximum 40 points

Education

Education level Points
Master’s level or Ph.D. from a graduate school of a college or university, after completion of a Bachelor’s or Master’s degree
 20
Post-secondary academic degree (Bachelor) from a college or that required at least three years of full-time study
 17
Post-secondary diploma in a specific trade that required at least two years of full-time study after secondary school
 12
Completion of secondary school
 0
Maximum 20 points

Business Ownership or Senior Management Experience

Business Ownership Experience Years of Experience Points
The owner (greater than 50%) and manager are involved in the day-to-day operations and have direct involvement in the decision-making
 At least 5 out of the last 7 years 50
At least 3 out of the last 5 years
 40
The owner (20%-50%) and manager are involved in the day-to-day operations and have direct involvement in the decision-making
At least 5 out of the last 7 years
 35
At least 3 out of the last 5 years
 25
Senior Management Experience
 Years of Experience Points
Senior Manager involved in the day-to-day operations as the primary decision-maker, supervising at least 3 staff and owning less than 20% of the company
At least 5 out of the last 7 years
 30
At least 3 out of the last 5 years
 20
Maximum 50 points

Community Endorsement

Points for this selection factor will be awarded based on a signed endorsement from a participating PEI community.

Community endorsement Points
Written endorsement from a rural community
 35
Written endorsement from a community within the capital region
 10
Maximum 35 points

Adaptability

Entrepreneur candidates can be awarded points based on evidence provided of any of the following adaptability factors.

Adaptability Points
Dependent child(ren) have been enrolled in a PEI educational institution for at least 6 continuous months 10
Spouse/common-Law Partner successfully graduated from a post-secondary institution in PEI 5
Spouse/common-law partner and/or accompanying dependent child(ren) have a language ability of CLB 6 or higher in English or French 10
Spouse/common-law partner has at least 3 years of work experience in the last 5 years 5
Currently have a close family member(s) living in PEI for at least 12 consecutive months who are permanent residents or Canadian citizens 10
Experience in farming, transferable farming skills and plan to operate a farm in PEI (operation of a registered business where income was derived for a minimum of 3 out of the last 5 years or 5 out of 7 years. The PA must have ownership and be actively involved in the day-to-day operations of the company) 10
Maximum 35 points

Optimize your chances of success for Canada business immigration with the Prince Edward Island Provincial Nominee Program!

What are your options for Canadian Immigration? You can consider any of the following pathways to Canadian Immigration:

Chugo Immigration Service is authorized to offer Canadian Immigration and Citizenship services under the Immigration and Refugee Protection Act. The Principal Consultant, Pius Chukwuma Ekwulugo RCIC, is a member in good standing of the College of Immigration and Citizenship Consultants (CICC) and has helped many foreigners to start a new life in Canada. We will help you too!

For effective and diligent legal help regarding Canadian Immigration matters, we partner with Weekes Law Office.

WHAT DO I DO NEXT?

Are you looking for an immigration pathway to Canada? If you do not know where to look and how to start, we invite you to book an eligibility consultation with us. We will prepare an individualized assessment report for you and guide you on your immigration journey to Canada.

We advise you to complete the assessment questionnaire now in order to properly plan your application.

Education Profile

Graduation date

Employment History

Name of the company you worked for.
Your position in the company/organization
Please provide details
Please indicate provable working history From: (Month, Year)
Please indicate provable working history From: (Month, Year)
Please indicate provable working history

Ability in English and French

Scores based on approved language proficiency tests like IELTS
Scores based on approved language proficiency tests like IELTS
Scores based on approved language proficiency tests like IELTS
Scores based on approved language proficiency tests like IELTS
Scores based on approved language proficiency tests like IELTS
Scores based on approved language proficiency tests like IELTS
Scores based on approved language proficiency tests like IELTS
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Other Relevant Details

Do you have any of the listed relatives in Canada?
Provable net worth in Canadian dollars or available assets.

Have you or spouse/common law partner or dependent children ever:

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