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What are the requirements for the PEI PNP applicants under the 100% Ownership stream?

395 views · Published 21 August 2012 · 1:53 · Indexed 4 November 2026

Channel: Immigroup Inc · 2012 · Travel & Events

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416-962-2623 / 1-866-760-2623
http://immigroup.com/tools/immigrate-canada/
http://immigroup.com/CanadianImmigration/PNPPrinceEdwardIslandBusiness.aspx
http://www.gov.pe.ca/immigration/index.php3?number=1037602&lang=E

Q: What are the requirements for the PEI PNP applicants under the 100% Ownership stream?

A: If you want to apply for the Prince Edward Island Provincial Nominee Program under the 100% Ownership stream, you need to meet the age, education, work experience, adaptability and language skills criteria by scoring at least 50 points on the B-2 Business Impact Self-Assessment form. 
You need to provide a valid IELTS test result that's the equivalent to a CLBPT 5, or sign a language deposit agreement and make a $20,000 deposit if your test result is lower. You need to make a business proposal when applying and a business plan after you make an exploratory visit. 
You also need to provide a settlement proposal. Your personal net worth has to be at least $400,000. You're expected to make an investment of at least $150,000 in the province, without a redemption clause. 
You will have to sign an escrow agreement with the Province of Prince Edward Island, and you will need to make a $100,000 escrow deposit, which will be returned to you once you meet the terms and conditions of the agreement. 
You are required to have sufficient funds available to make your investment, operate it for at least one year, and settle in the province. 
You need to take 100% control of a business in the province, and if you're buying an existing business, you should provide a purchase and sale agreement. You also need to be ready to actively manage your business. 

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