PRINCE EDWARD ISLAND PROVINCIAL NOMINEE PROGRAM (PNP)
Prince Edward Island PNP 100% Ownership
To qualify in the 100% Ownership category, an applicant must:
- Have the age, education, work experience, adaptability and language skills necessary to establish and operate a business in Prince Edward Island;
- Have a personal net worth of at least $400,000 CDN;
- Deposit $100,000 CDN, which is held in escrow;
- Make a minimum $150,000 CDN investment to start or purchase an eligible business in Prince Edward Island;
- Control 100% of the business and provide active and on-going management of the business from within Prince Edward Island;
- Have a settlement proposal outlining the intention to move and settle in Prince Edward Island; and
- Submit a business plan after an exploratory visit to Prince Edward Island.
Prince Edward Island PNP Partial Ownership
To qualify in the Partial Ownership category, an applicant must:
- Have the age, education, work experience, adaptability and language skills necessary to establish and operate a business in Prince Edward Island;
- Have a personal net worth of at least $400,000 CDN;
- Deposit $100,000 CDN, which is held in escrow;
- Make a minimum investment of $150,000 CDN in a Prince Edward Island business;
- Control more than 33.3% of the equity in the business or make an equity investment in the business of at least $1,000,000 CDN;
- Provide active and on-going management of the business from within Prince Edward Island;
- Have a settlement proposal outlining the intention to move and settle in Prince Edward Island; and
- Submit a business plan after an exploratory visit to Prince Edward Island.
Prince Edward Island PNP Work Permit
To qualify in the Work Permit category, an applicant must:
- Have the age, education, work experience, adaptability and language skills necessary to establish and operate a business in Prince Edward Island;
- Be eligible and willing to apply to CIC for approval of a work permit for the Prince Edward Island business where the applicant intends to work and invest in.
- Have a personal net worth of at least $400,000 CDN;
- Make a minimum investment of $150,000 CDN in a Prince Edward Island business;
- Control more than 33.3% of the equity in the business or make an equity investment in the business of at least $1,000,000 CDN;
- Provide active and on-going management of the business from within Prince Edward Island;
- Have a settlement proposal outlining the intention to move and settle in Prince Edward Island; and
- Submit a business plan after an exploratory visit to Prince Edward Island.