What is Prince Edward Island PNP Immigration program?

Now let us shed light on the PEI PNP Program. Or to be specific the Prince Edward Island Provincial Nominee Program. To ensure economic welfare, the Prince Edward Island PNP Program was introduced in 2001. This program is mainly for immigrants who have extensive business ownership or management experience and would like to own and operate their own business in PEI. More than 2000 immigrants enter each year into the PEI province, after the introduction of the PEI PNP. The number is expected to grow higher in the coming years.

The PEI PNP has 3 categories, one enhanced and two base. The enhanced category is called the PEI PNP Express Entry category and the base categories are the Labour Impact and Business Impact categories.

The Canadian Express Entry system is used to manage PR applications through Canada’s main socio-economic class immigration programs. When a candidate is in the Express Entry pool, they are given a score based on the rules set by the Comprehensive Ranking System (CRS) used by the Federal Express Entry System. The Express Entry draws happen frequently, where they invite some of the highest-ranking persons to apply for PR.

But for the immigrations not aligning with the Express Entry system, they are categorized under the Base streams. It is mainly for candidates who get a provincial nomination and need to apply directly to Immigration Refugees and Citizenship Canada (IRCC).

Prince Edward Island PNP Program Eligibility, Investment Cost And Processing Time

To be eligible for the Prince Edward Island Provincial Nominee Program, there are a few criteria that you will need to fulfill for a smooth application process. The criteria include:

  • A minimum level of education is equivalent to a secondary school in Canada.
  • A minimum legal personal net worth of CAD 600,000
  • Your age needs to be in the range of 21–59 years while applying.
  • Having management experience or business ownership experience.
  • You’d have to meet the minimum language requirement equivalent to CLB/NCLC 4 (Canadian Language Benchmarks (CLB) for English; Niveaux de compétence linguistique canadien (NCLC) for French).
  • They intend to live, work, and manage their business daily.
  • Sign an escrow agreement and deposit CAD 200,000 held in escrow by the province of PEI until the terms of the agreement have been met. The deposit would be refunded after the fulfillment of the conditions of the agreement. Invest CAD 150,000 into new or existing Prince Edward Island-owned and operated businesses.
  • Refundable Deposits
      The CAD 200,000 will be returned without interest, as stated below
    • a. CAD 25,000 will be refunded after 6 months of residence in Prince Edward Island.
    • b. CAD 25,000 will be refunded after 1 year of residence in Prince Edward Island.
    • b. CAD 150,000 will be released when the applicant meets the requirements of the escrow agreement.
  • Fees or Deposits (Non-Refundable) divided as follows
      Total Deposit: CAD 265,000
    • a. CAD10,000: Government processing fee.
    • b. CAD 55,000: Government facilitator fee.
    • b. CAD 200,000 Refundable deposit.

While there is no fee required when you create an Expression of Interest (EOI) profile, if you are selected to apply for nomination by PEI, you need to pay an amount of CAD 300.

The processing time can vary for each person depending on how they intend to fulfill the criteria and which stream or category they apply to. But on average, the Prince Edward Island Provincial Nominee

Program takes almost 6-8 months to complete the processing. The Canadian Federal Government takes around 12–15 months to complete the processing.

How do I apply for PEI PNP Program?

If you are eligible as per the above criteria then,

  • You must first read the Business Application Guide
  • Your profile must be created in the PEI’s Expression of Interest system
  • A verification will be done
  • Post verification, you need to go ahead and complete your profile creation.

The profile created will be active for a period of 6 months. You need to provide accurate verifiable information. On any occurrence where there might be a change in information or status of yours post application, you need to submit relevant documents as is needed.

Expression of Interest is only an indication of your interest to move and do business in PEI. It is not an application. You will receive an email notification inviting you to apply. This email will have information which include your file number and instructions about how to submit your file.

The complete application package which includes the application and supporting documentation along with application fee can be submitted to the immigration office either in person or by post.

Once you receive your nomination from PEI PNP, you will have to submit your application for Permanent Residency Status to the IRCC. Your application should include your nomination certificate.

XIPHIAS Immigration will stand by you and represent your case with IRCC for a smooth process of your PEI Business Investment Immigration PR Visa.

To Expedite The Process, Meet With Our Team Of Immigration Consultants Specializing In Prince Edward Island, Canada, from Dubai, UAE.

We hope the above pieces of information answer all of the questions you have related to Prince Edward Island Immigration. If not then we, at XIPHIAS, will make sure you have the most effortless experience with your PEI application. Our experienced team of PEI consultants will guide you through every step of the process.

From the beginning to the final submission, our Prince Edward Island Consultants will optimize your application so that you have the maximum chance of success. Connect with us today and find out more on PEI Canada Immigration from Dubai UAE or Abu Dhabi!

XIPHIAS Immigration helps you and guide you in every way to fulfill your dreams to settle in Canada. We have all the expertise to prepare your application and advice you before and after you come to Canada on how to accomplish the conditions put forth by the Canadian Authorities. Now is the time to take advantage of great life style in Canada. The opportunities are unlimited.

Our Immigration Coordinators will reply your inquiry within 48 hours and provide you with FREE phone Consultation Service.

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