Individuals wishing to get their feet wet with the realities of living and operating a business in PEI may take advantage of the Prince Edward Island Provincial Nomination Program (PEI PNP) Work Permit Stream.
To be eligible for the PEI Work Permit stream, candidates must provide official language test results demonstrating language proficiency in English or French consistent with Canadian Language Benchmark (CLB) level 4.
Level of Education
Candidates must have completed at least secondary school education.
Since the Work Permit stream is a Business Impact immigration program, candidates must have work experience that demonstrates management skills and business ownership experience.
Candidates for the Work Permit stream must have a personal net worth of at least $600,000 CAD. They must come to Canada on a work permit and operate a business for at least one year before they will receive a provincial nomination for permanent residence. Candidates must sign a performance agreement with the province.
A performance agreement is an agreement signed with PEI that outlines the conditions under the candidate will receive a nomination for permanent residence.
PEI will issue a provincial nomination to the candidate if the following conditions are met:
• Invest at least $150,000 CAD in the business;
• Maintain a residence and actively manage the business from within PEI;
• Operate the business for at least 12 consecutive months, and;
• Provide financial statements that detail at least $75,000 CAD in eligible operating expenses.
Candidates must be between 21 and 59 years old to be eligible to apply to this stream.
Intention to Reside
Candidates must demonstrate an intention to reside in PEI.