The process of PEI Entrepreneur Work permit is as follows:

• Create an Expression of Interest profile online, which would be valid for six months.
• Draws to issue invite to apply are held monthly
• If you receive the Invitation, the Office of Immigration will review your file and if approved, work permit support letter will be issued. You will also be required to sign a Performance Agreement.
• Further, the Federal Government will review the file and if approved, Work Permit will be issued.
• The applicant can arrive on Work permit, which would be valid for two years
• Applicant must reside and operate business for at least 12 months in PEI and once the condition of performance agreement are met, the candidate can submit application for provincial nomination as a permanent resident.The process of PEI Entrepreneur Work permit is as follows:
  • Create an Expression of Interest profile online, which would be valid for six months.
  • Draws to issue invite to apply are held monthly
  • If you receive the Invitation, the Office of Immigration will review your file and if approved, work permit support letter will be issued. You will also be required to sign a Performance Agreement.
  • Further, the Federal Government will review the file and if approved, Work Permit will be issued.
  • The applicant can arrive on Work permit, which would be valid for two years
  • Applicant must reside and operate business for at least 12 months in PEI and once the condition of performance agreement are met, the candidate can submit application for provincial nomination as a permanent resident.

You can consider yourself eligible to be nominated under the Work Permit Stream if you fulfil the below mentioned eligibility criteria:

• Must have a minimum verifiable personal net worth of CAD 600,000 which has to be accumulated legally and legitimately
• Must have a minimum education of secondary school equivalent
• Age must be within 21 to 59 at the time of application
• Possess transferable management skills and past employment or business ownership experience
• Meet minimum language requirements equivalent to CLB/NCLC 4
• Demonstrate your intention to live and work in PEI while providing day-to-day active and ongoing management of your PEI-based company.
• Attend an interview with the staff from Office of Immigration
• Meet the term and conditions of the Performance Agreement signed with the Office of Immigration

There are certain set of documents required for business migration to Canada in Prince Edward Island:

• Provincial Forms – B-3, B-5, B-6 (originals must be submitted)
• Federal Forms (copies must be submitted)
• Proof of Language Ability
• Identity Information – Birth Certificate, Marriage/Divorce Certificate (if applicable), Proof of close family member living in PEI
• Children’s Information – Birth Certificate, Official Adoption Papers/ proof of custody (if applicable), proof the enrolment in PEI educational institution
• Travel Documents – passport of all those traveling, Status documents for country of residence, if different from country of citizenship, correspondence and/or refusal letters for previous applications for immigration to Canada through Federal and/or Provincial programs
• Copy of Endorsement signed by PEI Community (if applicable)
• Diploma and Transcripts of educational qualification achieved
• Employment – Detailed resume, Letters of reference from previous employers, organizational structure and business card from current employer
• For Self- Employed – Business license, business tax records for most recent year, financial statements for most recent year prepared by third party, documents supporting ownership of company
• Net worth – Business Ownership, Private Loans, Inherited and gifted Assets
• Business Concept – Summary of proposed business concept and how your experience ties into proposal

There are no charges to create an Expression of Interest profile. Once you are nominated by PEI, the application fee is CAD 10,000 which has to be submitted along with the application. If the file is rejected, entire fee will be refunded. If it is rejected or withdrawn before conducting an interview by the Office of Immigration, CAD 7,500 will be refunded. The approximate time taken after you receive the Invitation to apply till you get your work permit is approximately six to nine months, subjected to terms and conditions.