Prince Edward Island Provincial Nominee Program (PEI PNP) has a stream especially for entrepreneurs, the PEI Work Permit Stream. Through the Work Permit stream, applicants with business management experience and those who own business and intend to settle in the province, may apply for nomination.
Once nominated, the applicant may apply to get permanent residency through Canada’s Provincial Nominee Program.
This is a temporary residency to permanent residency (TR to PR) stream, hence, an applicant first receives a work permit to come to the province and establish their business, and only after their business has been operating for a year and they meet Performance Agreement, the applicant can apply for nomination.
Now, learn about eligibility requirements, application process and the documents required to obtain a nomination certificate through the PEI Work Permit Stream.
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Eligibility Requirements – PEI Work Permit Stream
Here are the eligibility requirements to meet to be eligible for the PEI Work Permit Stream:
- The applicant’s age must be between 21 to 59 years
- They need to have at least CAN $600,000 personal net worth, which must be verifiable and was accumulated via legal and legitimate sources
- They need to meet language requirements of CLB or NCLC 4
- Applicant must have complete at least high school
- They must intend to live in PEI and work while they tend to the business on a daily basis
- This is mandatory- the applicant must attend an interview with the Office of Immigration’s staff
- They must meet the terms and conditions brought forth by the Office of Immigration
- The applicant must have required management and business ownership experience
PEI Work Permit Stream Application Process
You can only apply for a nomination through the PEI Work Permit Stream if you first operate your business in the province for at least a year. The overall steps to apply for PR through the PEI Express Entry stream is provided below:
- The applicant must be eligible for the PEI Work Permit stream
- They need to create an EOI profile to demonstrate they are interested in living and establishing a business in the Prince Edward Island
- Receive an Invitation to Apply (ITA) in a PEI PNP draw
- Once you receive an invitation, you have to apply for nomination within 60 days
- Within 15 days of getting an ITA, the applicant has to meet up with a net worth verifier. The net worth verifier will review the applicant’s financial resources and come up with a net worth verifier report.
- To submit your nomination application, you have to prepare required documents and complete all required forms
- Pay CAN $10,000 and submit the nomination application. The payment must be made via cheque, bank draft or money order addressed to- Office of Immigration, 94 Euston Street, 2nd Floor, PO Box 1176, Charlottetown, PE, Canada, C1A 7M8
- If your application receives a green flag, you will have to attend an interview with the Office of Immigration’s staff. You are also encouraged by the PEI PNP to explore the province a bit.
- You need to bring few documents with you to the interview which will be related to your business in Prince Edward Island. The interview will be based on your settlement plan, work experience, education, business plan, etc.
- During the interview, the final proposal of the Business Performance Agreement will be signed, and you will need to submit it in the interview. If the agreement is approved, you will receive a letter of support for a work permit.
- Using the letter, apply for a work permit to IRCC. A work permit is issued by either ESDC or IRCC and hence, the Office of Immigration will not make the final decision on the work permit application.
- If the permit is approved, arrive in Canada and inform the Office of Immigration of the same. You have to inform them within 30 days.
- Once you arrive in Canada, begin operating your business to meet the terms and conditions of your Business Performance Agreement, so that you will be nominated by the province.
- Once you have been operating the business for a year, and meet all the terms and conditions, you may be issued a nomination.
- Using the nomination, apply for Canadian permanent residency to IRCC.
Document Checklist: PEI Work Permit Stream
The whole document checklist required at different stages of the nomination process are provided below:
- Language test results
- Passport pages’ copies
- Educational certificates
- Resume for primary applicant and their spouse
- Letters of reference
- Birth certificate
- Marriage certificate
- Divorce certificate
- Death certificate
- Proof of close family member living in PEI (if any)
- Official Adoption Papers
- B-3 – Business Impact Application
- B-5 – Business Impact Consent to Validate Information
- B-6 – Business Impact Information Release
- IMM 0008 – Generic Application Form for Canada
- IMM 0008DEP – Additional Dependants
- IMM 5669 – Schedule A Background/Declaration
- IMM 5406 – Additional Family Information
- IMM 0008 – Schedule 4 Economic Classes
- IMM 0008 – Schedule 4A Economic Classes
- IMM 5409 – Statutory Declaration of Common-law Union
- IMM 5476 – Use of a Representative
- IMM 5562 – Supplementary Information
- IMM 5604 – Guardian for Minors Immigrating to Canada
- Copy of Endorsement signed by PEI Community (if required)
- B-7 – Business Impact Declaration
- B-9 – Business Impact Interview Declaration
- B-10 – Business Impact Acknowledgement of IRPA Reg 87 for Applicant
- B-11 – Business Impact Acknowledgement and Indemnity for Applicant
- B-12 – Business Impact Settlement
- Business Plan
Now that we have understood how the PEI Work Permit stream works, its eligibility requirements and the documents required, we are sure you won’t have any problem in applying through it. However, in case you still have any confusion, feel free to reach out to us. Give us a call at +91 844-838-6496.
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