Eligible for PEI PNP Business Impact Category - Work Permit Stream
You have a minimum verifiable personal net worth of $600,000 which has been accumulated through legal and legitimate sources in your own right.
You have a minimum education of high school equivalent.
Your age within 21-59 years old at the time of application.
You have transferable management skills and past employment or business-ownership experience.
Meet minimum language requirements equivalent to a band score of 4.0 on an IELTS test.
Intend to live and work in PEI and provide day-to-day active and ongoing management of your company from PEI.
Business Requirements
The PEI PNP will only consider registrations to establish or purchase and improve a business that contributes to the economic growth of the Province.
The PEI PNP will consider registrations to establish a new business and purchasing an existing business.
Franchises may be considered as eligible businesses if you can demonstrate that the proposed franchise is well-established.
Eligible Personal Investment
You must demonstrate that you will make an eligible personal investment of at least $150,000.
You have 24 months from the date you arrive in Prince Edward Island to implement your business and meet all commitments under your performance agreement.
Minimum Job Creation Requirements
There is no job creation requirement, but we recommend applicants create 1-2 jobs for Canadian citizens or permanent residents.
