To qualify for the Immigrant Partner's component of the PEI-PNP 100% Ownership Stream, an applicant:
Net Worth CAD$600,000:
You must provide proof of how you obtained your Net Worth, by providing:
You must have sufficient unencumbered personal funds to start your business venture without third party assistance and settle in PEI for a minimum of 1 year period.
PEIPNP will not accept donations, gifts, and private loans as part of the CAD$600, 000 Net Worth requirement
Your management experience could be as a senior executive or business owner. To prove you have a successful management experience, you can provide but not limited to:
Applicants require scoring 50 or more points, this score consists of:
You are required to purchase, establish a business, or invest in a minimum of 1/3 of the voting shares of an existing business in PEI . You need to:
If a partial ownership of an existing PEI business is chosen, a purchase agreement is required which will set out the amount to be invested and the management role.
You need to submit a business plan that must be approved by PEI-PNP officials.
To help you to understand the business environment of PEI , an exploratory visit in PEI is required.
Exploratory Visit and Preliminary Interview:
You are required to make an exploratory visit to PEI for at least 5 days. During the visit Canadian International will assist you to:
In addition you will participate in a preliminary interview with officials from the Immigration Services of PEI.
Must provide a valid International English Language Testing System (IELTS) test result (obtained within the last 2 years), and must achieve IELTS score 4.0 or above will qualify.