Prince Edward Island
(PEI) BUSINESS PROGRAM
WORK PERMIT STREAM
You will have to start your business in that territory
- have a minimum veriable personal net worth of $600,000 which has been accumulated through legal and legitimate sources in your own right;
- have a minimum education of secondary school equivalent;
- be within 21-59 years of age at the time of application;
- have transferable management skills and past employment or business ownership experience;
- meet minimum language requirement (English or French) equivalent to a CLB/NCLC 4 and
- intend to live and work in PEI while providing day-to-day active and ongoing management of your PEI-based company;
- attend an interview with staff from the Office of Immigration;
- invest into the business within 12 months of landing in PEI; and operate that business for 12 consecutive months to get the nomination.
- Processing time frame: Approximately 4 months to get the Working Permit to start working in Canada (Permanent Residency follows within 12 to 18 months).
Prince Edward Island (PEI) is a province of Canada consisting of the island of the same name, and several much smaller islands. Prince Edward Island is one of the three Maritime Provinces and is the smallest province in both land area and population. It is part of the traditional lands of the Mi’kmaq, and became a British colony in the 1700s and was federated into Canada as a province in 1873. Its capital is Charlottetown. According to the 2016 census, the province of Prince Edward Island has 142,907 residents.
The backbone of the economy is farming; it produces 25% of Canada’s potatoes. The island has several informal names: “Garden of the Gulf”, referring to the pastoral scenery and lush agricultural lands throughout the province; and “Birthplace of Confederation” or “Cradle of Confederation”,referring to the Charlottetown Conference in 1864, although PEI did not join Confederation until 1873, when it became the seventh Canadian province. Historically, PEI is one of Canada’s older settlements and demographically still reflects older immigration to the country, with Celtic, English and French surnames being dominant to this day.
PEI is located about 200 kilometres (120 miles) north of Halifax, Nova Scotia, and 600 kilometres (370 miles) east of Quebec City. It consists of the main island and 231 minor islands.Altogether, the entire province has a land area of 5,686.03 km2 (2,195.39 sq mi).The main island is 5,620 km2(2,170 sq mi) in size,=slightly larger than the U.S. state of Delaware. It is the 104th-largest island in the world and Canada’s 23rd-largest island.
During July and August, the average daytime high in PEI is 23 °C (73 °F); however, the temperature can sometimes exceed 30 °C (86 °F) during these months. In the winter months of January and February, the average daytime high is −3.3 °C (26 °F). The Island receives an average yearly rainfall of 855 millimetres (33.7 in) and an average yearly snowfall of 285 centimetres (112 in). The mean temperature is −7 °C (19 °F) in January. Summers are moderately warm, but rarely uncomfortable, with the daily maximum temperature only occasionally reaching as high as 30 °C (86 °F).