PEI PNP: Business Impact Pathway

The Business Impact Pathway of PEI PNP is for candidates who intend to make an investment in and manage a business actively in Prince Edward Island. This PEI PNP immigration pathway is further sub-divided into 3 categories: 

Business Impact Pathway: 100% Ownership Category 

As implied by the name, the 100% Ownership Category is for overseas nationals who will have complete ownership of the business established in Prince Edward Island. It can be a new business started by the individual or a total purchase of a present business in PEI by the individual. 

Requirements :

Individuals seeking to apply for any of the immigration pathways under PEI PNP are required to fulfill diverse requirements. The criteria differ depending on the immigration sub-category while many of the requirements are common for every applicant. 

100% Ownership Category requires the individuals to: 

• Offer a detailed plan of business for the business being bought in PEI 

• Offer on-going and active management of the business by staying in PEI 

• Undertake an agreement of escrow with a stipulation of a deposit of $200,000

• Invest at least $150,000 into the business in PEI 

Apart from the above, the business must also fulfill specific criteria to qualify for the 100% Ownership Category. The business has to be: 

• A corporation for-profit with good standing on all obligations and debts 

• Uphold an �enduring establishment� and corporate headquarters in PEI 

• Make a payment of all income tax for taxable income 

• Possess assets having minimum book value worth of $150,000

• Possess the potential of creating noteworthy financial profit to PEI

The 100% Ownership Category under PEI PNP specifies comprehensive requirements for the owner of the business as well. This is because the business owner is treated equally important as that of the business itself. 

Business Impact Pathway: Partial Ownership Category

The Partial Ownership Category under Business Impact Pathway of PEI PNP is for overseas nationals who would like to buy a part of the business in the province than owning the full business. The candidates are required to buy a minimum of 1/3rd ownership of the business. Alternatively, they can also make an equity investment of at least CAD 1,000,000 in the company.

Requirements :

• Offer a detailed plan of business for the partial ownership of the business 

• Offer on-going and active management of the business by staying in PEI 

• Undertake an agreement of escrow with a stipulation of a deposit of $200,000

• Invest at least $150,000 into the business in PEI for partial ownership of a minimum of voting shares 33.3% or make an investment of at least $ 1 Million in the business 

Business Impact Pathway: Work Permit Category

The Work Permit Category is for overseas nationals who intend to obtain the Work Permit to immigrate to PEI and work in the business they intend to invest in. It is a great option if the candidates wish to have experience of everyday business operations before actually investing in funds. If not, the Work Permit Category specifies similar requirements as that of the Partial Ownership Category. 

Requirements :

• Get a Work Visa for PEI 

• Offer a complete Plan of Business for the partial or full ownership of the business 

• Operate the business actively by staying in PEI and for an on-going time 

• Sign the Agreement for Performance that consists of stipulations for investment in the business 

• Make an investment in the business of at least $ 150,000 

• Be in the age group of 59 to 21 years 

• Have education of at least High School level 

• Possess net worth of at least $600,000 

• Secure a minimum level of 4.0 Bands in the English Test IELTS 

PEI PNP: Labor Impact Pathway 

The Labor Impact Pathway under PEI PNP who intend to reside and work in the province but do not aim ownership of a business. The candidates are required to have specific experience, education, and skills that are demanded in the labor market in Prince Edward Island. 

PEI PNP�s Labor Impact Pathway is further divided into 2 sub-categories. There is a minor overlap in the requirements for these two immigration categories while the major requirements are unique to each category. 

Labor Impact Pathway: Skilled Worker Category

The Skilled Worker Category under PEI PNP Labor Impact Pathway is for candidates who will be hired or have been hired by an employer in PEI. Applicants are required to possess experience and knowledge in a skilled profession inclusive of education at the Post-secondary level. 

Requirements :

• Be in the age group of 59 to 21 years 

• Must possess a long-term (minimum 2 years), full-time job offer from an employer in PEI at NOC Level B, A, or 0 skilled position

• Must possess a valid Work Visa if employed in PEI currently 

• Must possess lawful status in the existing nation of residence 

• Have a Post-secondary degree of 2-year duration 

• Must possess minimum 2 years of work experience of full-time or applicable schooling in the past 2 years 

• Must possess adequate funds for settling in PEI 

• Must demonstrate language proficiency in French or English 

The language proficiency can be proved through either of the following: 

• An IELTS test score of at least 4.0 bands

• A language ability declaration from an employer in PEI 

• Education from an institution having either French or English as the medium of primary instruction 

Labor Impact Pathway: Critical Worker Category

The Critical Worker Category under PEI PNP Labor Impact Pathway is for unskilled or skilled workers. The applicants must be working currently in a PEI business or have an employer in PEI that will sponsor them for Canada PR Visa. A few of the occupations which are included in this category are Food service, Truck driving, Housekeeping, and General labor.

Requirements : 

• Be in the age group of 59 to 21 years

• Must possess a valid Work Visa

• Must possess a minimum of 6 months of work experience full-time for the employer in PEI

• Must possess lawful status in the existing nation of residence

• Be at least a Graduate at the High School level

• Must possess adequate funds for staying in PEI

• Must possess a long-term full-time job offer from an employer in PEI at NOC Level D, or C in unskilled or skilled positions

• Must demonstrate language proficiency in French or English 

The language proficiency can be proved through an IELTS Test score of at least overall 4.0 bands with these threshold individual scores: Speaking � 4, Writing � 4, Reading � 3.5, Listening � 4.5. 

PEI PNP: Express Entry Pathway 

Prince Edward Island province utilizes the Canada Express Entry system for attracting prospective immigrants to its provincial nominee program PEI PNP. PEI can offer an NOI � �Notification of Interest� to individuals in Express Entry whose profiles match the benchmarks being sought by the province. 

Applicants who wish to get accepted by the PEI PNP through the Express Entry pathway are required to fulfill diverse criteria. Candidates must possess skills that fulfill the current labor market needs in PEI Province. These requirements differ over a period as the needs of the labor market in the province are dynamic. Having a job offer from an employer in PEI is not required. 

Requirements :

Applicants must have a registered profile in the Canada Express Entry pool. For submitting the profile, they must qualify for a minimum of 1 of the 3 economic programs: 

Federal Skilled Worker Program requires the candidates to: 

• Have minimum a Diploma at High School level 

• Possess a minimum of 1-year full-time continuous skilled work experience 

• Work experience must have been obtained in a NOC - National Occupational Classification Skill level position B, A, or 0

• Prove proficiency in French or English language on par with CLB - Canadian Language Benchmark Level 7

Canadian Experience Class Program requires the candidates to:

• Have no minimum requirement for education 

• Possess a minimum of 1-year full-time skilled work experience in Canada which need not be continuous but must have been obtained within the last 3 years from the application date 

• Work experience must have been obtained in a NOC - National Occupational Classification Skill level position B, A, or 0

• Prove proficiency in French or English language on par with CLB - Canadian Language Benchmark Level 7 for NOC Skill level A or 0 work experience and CLB - Canadian Language Benchmark Level 5 for NOC Skill level B work experience

Federal Skilled Trades Program requires the candidates to:

• Have no minimum requirement for education 

• Possess a minimum of 2-year full-time skilled work experience in an occupation in a skilled trade 

• Have employment offer for working in a skilled trade in Canada or a qualification certificate in their skilled trade issued by an authority in Canada  

• Prove proficiency in French or English language on par with CLB - Canadian Language Benchmark Level 5 for Listening and Speaking skills and CLB level 4 for Writing and Reading skills