Prince Edward Island
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
01/ Age: 21-59 years old
02/ Language requirement:
at least CLB 4 ( IELTS: Listening 4.5/Speaking 4/Writing 4/Reading 3.5).
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;
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
5 business days exploratory visit & Community Endorsement
Submit Full Application
Attend an Interview
Receive Work Permit Support Letter
Apply for Work Permit
Receive Work Permit
Open business upon
Apply for Provincial Nomination
Apply for Permanent Residency
Operating business at least 12 consecutive month
Receive Permanent Residency