Business Impact Category P.N.P in Prince Edward Island

100% Ownership Stream

Businesspersons are integral to the advancement of the Prince Edward Island economy.  Prince Edward Island recognizes that this is still the fact and welcomes any capable individuals with entrepreneurial spirit to come to our province and help the progress continue.  For foreign nationals, one avenue for entry into the Province to showcase entrepreneurial ability is through the 100% Ownership Stream. 

The applicant must follow the step by step application process.  If approved by the Office of Immigration, the applicant will receive nomination from Prince Edward Island and will need to sign an escrow agreement.  The escrow agreement requires the applicant to obtain 100% control of a business through the outright purchase of an existing business or the start of a new business in Prince Edward Island. 

The applicant must meet the program criteria, minimum net worth and investment thresholds and will be required to make a conditionally refundable deposit of $200,000 Canadian dollars (CAD) to be held in escrow. Of the $200,000 CAD deposit $25,000 CAD will be refunded after 6 months of residency on Prince Edward Island another $25,000 CAD will be refunded after 1 year of residency on Prince Edward Island and the remaining $150,000 CAD will be released upon the applicant meeting the requirements outlined in the escrow agreement.