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Prince Edward Island
Entrepreneur
The Prince Edward Island Entrepreneur stream is for foreign nationals with business ownership or extensive management experience who would like to move to PEI to start their business and eventually become permanent residents.
The Prince Edward Island Entrepreneur steam application is a two-stage process.
Stage 1: submit application ---->Temporary Work Permit
Stage 2: Implement business plan----> Permanent Residence

Eligibility
01/ Age: 21-59 years old
02/ Language requirement:
at least CLB 4 ( IELTS: Listening 4.5/Speaking 4/Writing 4/Reading 3.5).
03/ Education
at a minimum, have a Canadian secondary (high school) diploma or a foreign high school diploma equal to a Canadian credential.
04/ Personal Net Worth
at least CAD $600,000.
05/ Business Ownership / Work experience
have transferable management skills and past employment or business ownership experience;
06/ Investment
invest a minimum of $150,000 into the business within 12 months of landing in PEI
07/ Financial statements
provide prepared financial statements noting a minimum of $75,000 in eligible operating expenses
Application Process
5 business days exploratory visit & Community Endorsement
Submit EOI
1-2 months
Receive ITA
Submit Full Application
Attend an Interview
Receive Work Permit Support Letter
Apply for Work Permit
Receive Work Permit
Open business upon
arriving PEI
Apply for Provincial Nomination
Apply for Permanent Residency
60 days
3 months
1 month
1 month
2-3 months
2-3 months
Operating business at least 12 consecutive month
3 months
12 months
Receive Permanent Residency
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