PRINCE EDWARD ISLAND PROVINCIAL NOMINEE PROGRAM (PNP)

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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.

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.

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.