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Prince Edward Island Provincial Nominee Program (PEI PNP) - Business Impact Category

Entrepreneurs seeking immigration to Canada that wish to reside in Prince Edward Island can apply under the Prince Edward Island Provincial Nominee Program (PEI PNP)), Business Impact Category.

The Business Impact Category within the Prince Edward Island Provincial Nominee Program (PEI PNP), is designed to assist those looking to own and establish a business with the Prince Edward Island Province.

Successful immigrant applications under this scheme pave the way for successful Canadian immigration to the province of Prince Edward Island and the gaining of permanent residency status.




Prince Edward Island offers a number of attractions to the prospective immigrant entrepreneur

  • In excess of 1 million tourists per year and as yet not developed on the Asian market place.
  • Access to the North American Free Trade zone and close proximity to New York, Boston and Toronto
  • Overlapping time zones with Europe and Asia
  • Educated and skilled workforce with the opportunity to bring in immigrant skills where required to make your business successful
  • Strong business sectors supporting bio-science, aerospace, information technology and communication industries.
  • Excellent agriculture and ocean resources
  • Affordable housing and labour costs
  • World class technological infrastructure

Prince Edward Island Provincial Nominee Program - Business Impact Category - Three Streams


There are three streams for the prospective business applicants to choose from:
  • 100% Ownership Stream
  • Partial Ownership Stream
  • Work Permit Stream

100% Ownership Stream Criteria

The 100% Ownership Stream is for applicants who have solid business acumen and entrepreneurial drive. The stream requires an approved applicant to obtain 100% control of a business through the start of a new business, or a purchase of an existing business. Active and ongoing management to the business must be provided by the applicant from within Prince Edward Island.

For a successful application under the 100% Ownership Stream, the applicant must:
  • satisfy the age, education, work experience, adaptability and language skills necessary to run a business in PEI
  • show IELTS test result from within the last 3 years. In order to obtain approval on language ability applicants must achieve a CLBPT equivalent result of CLBPT 5 from their IELTS test.  People scoring below CLBPT 5 must sign a language deposit agreement and deposit $20,000 
  • submit a business proposal with application and a business plan after the exploratory visit 
  • submit a settlement proposal outlining the desire to move and settle in Prince Edward Island.
  • Have a legally obtained personal net worth of at least $400,000 CAD
  • invest $150,000 CAD investment to start or buy an eligible business in Prince Edward Island.
  • have $100,000 CAD unencumbered personal funds to make the escrow deposit. 
  • have sufficient unencumbered personal funds to make the required investment, operate the business for at least one year, and settle in Prince Edward Island.
  • sign an escrow agreement with the Province of PEI and deposit $100,000 CAD held in escrow,
  • control 100% of the business.
  • actively manage the business from within Prince Edward Island on an ongoing basis.
  • not include a redemption option in the investment terms
  • If acquiring 100% of an eligible Prince Edward Island business,provide a purchase/sale agreement stating desire to purchase the business.


Partial Ownership Stream Criteria

The Partial Ownership Stream is for applicants who would prefer to transition into the Prince Edward Island business community by partially owning a business.

For a successful application under the Partial Ownership Stream, the applicant must:
  • satisfy the age, education, work experience, adaptability and language skills necessary to run a business in PEI
  • show IELTS test result from within the last 3 years. In order to obtain approval on language ability applicants must achieve a CLBPT equivalent result of CLBPT 5 from their IELTS test.  People scoring below CLBPT 5 must sign a language deposit agreement and deposit $20,000 
  • submit a business proposal with application and a business plan after the exploratory visit
  • submit a settlement proposal outlining the desire to move and settle and partially own a business in Prince Edward Island.
  • Have a legally obtained personal net worth of at least $400,000 CAD
  • invest $150,000 CAD investment to start or buy an eligible business in Prince Edward Island.
  • have $100,000 CAD unencumbered personal funds to make the escrow deposit.
  • have sufficient unencumbered personal funds to make the required investment, operate the business for at least one year, and settle in Prince Edward Island.
  • sign an escrow agreement with the Province of PEI and deposit $100,000 CAD held in escrow,
  • Must control not less than 33 1/3% of the equity in the business or make an equity investment in the business of at least $1,000,000 CAD. 
  • actively manage the business from within Prince Edward Island on an ongoing basis.
  • not include a redemption option in the investment terms
  • If acquiring 100% of an eligible Prince Edward Island business,provide a purchase/sale agreement stating desire to purchase the business.

Work Permit Stream

The Work Permit Stream allows applicants to begin working and learning about the business they will be investing in prior to nomination by the Province of Prince Edward Island.
  • satisfy the age, education, work experience, adaptability and language skills necessary to run a business in PEI
  • show IELTS test result from within the last 3 years. In order to obtain approval on language ability applicants must achieve a CLBPT equivalent result of CLBPT 5 from their IELTS test.  People scoring below CLBPT 5 must sign a language deposit agreement and deposit $20,000 
  • submit a business proposal with application and a business plan after the exploratory visit
  • submit a settlement proposal outlining the desire to move and settle and partially own a business in Prince Edward Island.
  • Have a legally obtained personal net worth of at least $400,000 CAD
  • invest $150,000 CAD investment to start or buy an eligible business in Prince Edward Island.
  • have $100,000 CAD unencumbered personal funds to make the escrow deposit.
  • have sufficient unencumbered personal funds to make the required investment, operate the business for at least one year, and settle in Prince Edward Island.
  • sign an escrow agreement with the Province of PEI and deposit $100,000 CAD held in escrow,
  • Must control not less than 33 1/3% of the equity in the business or make an equity investment in the business of at least $1,000,000 CAD. 
  • actively manage the business from within Prince Edward Island on an ongoing basis.
  • not include a redemption option in the investment terms
  • If acquiring 100% of an eligible Prince Edward Island business,provide a purchase/sale agreement stating desire to purchase the business.
  • Must sign a performance agreement with the Province of Prince Edward Island.
  • Must be eligible and willing to apply to CIC for approval of a work permit for the Prince Edward Island business where the applicant intends to work and invest in.

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