The PEIPNP allows an applicant family to move to PEI on a Work Permit, and run a local business for 1 year before applying for permanent residence status. Applicants must have a net worth of at least CAD $600,000, and be able to prove that it was earned through their own endeavours. The applicant must be between ages 21 and 59, have completed grade 12 education, have minimum 3 years (in the past 5 years) of management experience, invest CAD $150,000 in a local business, and possess basic proficiency in English or French (CLB 4). The Government draws Work Permit clients from the EOI pool each month.
The PEI Government draws Work Permit clients from the EOI pool each month. In the draw of August 20, 2020, Entrepreneur candidates with scores of 112 and above were invited to apply.
Due to COVID-related travel bans, and a mandatory 2 week isolation period for anyone entering Canada, the PEI Government is conducting virtual/remote interviews and landing appointments temporarily.
The PEIPNP allows an applicant family to move to PEI on a Work Permit, and run a local business for 1 year before applying for permanent residence status.