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
Management Experience:
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:
EOI Assessment Point Form:
Maximum point is 200, there are six areas with associated points:
Business Plan:
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 to obtain Community Endorsement letter:
You are required to make an exploratory visit to PEI before EOI submission in order to obtain your Community Endorsement letter from the chosen community that you wish to settle and open your business. During the visit Canadian International will assist you to:
Preliminary Interview:
After you received your Invitation to Apply is issued and your application is submitted, if PEIPNP approved your application, they will invite you to attend a preliminary interview with officials from Immigration Services of PEI
Language:
Must provide a valid Language test resultLanguage test result (obtained within the last 2 years), and must achieve minimum of CLB 4 in each category of reading, writing, listening and speaking.