Today, PEI invited 7 business applicants from their EOI pool, which was the last draw of 2022. Draws for the PEI business immigration program is like clockwork, happening every 3rd Thursday of the month unlike other provinces of Canada. This is obviously one advantage of applying for the program. You know when the province will draw applicants. In 2022, PEI was the only province that had regular draws. Here are some statistics as to how many times other provinces invited business applicants this year: Province Nova Scotia British Columbia Ontario Saskatchewan Alberta Draws 1 8 3 6 Not available* Invitations Issued 6 45 (estimated) 84 325 Not available* *Due to the low volume of applications
Now let’s look at how PEI did. Date January 22 February 17 March 17 April 21 May 19 June 16 July 21 August 18 September 15 October 20 November 17 December 15 Cut-off score 72 67 62 67 62 65 60 97 85 72 62 62 Invitations Issued 11 6 11 11 16 9 27 4 5 10 8 7 PEI invited a total of 125 applicants in 2022. It is the second largest number after Saskatchewan. In general, PEI is a destination than isslightly less desiredby immigrants thanSaskatchewan, which translates into a number of applicants the two provinces receive. As a result,Saskatchewan invited more applicants than PEI, butthere is a much tougher competition to receive an invitation fromSaskatchewanthan PEI, which means you have to have high qualifications and invest more funds to be invited bySaskatchewan. That being said, applicants who met the minimum requirements of the PEI business immigration program were able to secure their invitation in 2022. 
Then, what do we think the program will look like in 2023? Basically no change. IRCC is currently focusing on reforming the Express Entry program, not business immigration programs, to cater the critical industries which are currently facing a huge labour shortage. We believe PEI will continue to invite applicants on monthly basis. Individuals whose EOI score is 65-70 should be strong candidates andreceive an invitation. In addition, although we recommend applicants make an exploratory trip to PEI, it is not required as the province is still holding virtual interviews. With all these, thePEI business immigration program will remain as one of the most attractive immigration options for investors in 2023. Hugh Do you want to find out your eligibility for permanent residence through the PEI PNP Business Immigration program? Contact us for a free assessment! Free Assessment
