Business Impact Category

The application process unfolds as follows:

1. Assessment of Eligibility: Prospective applicants must ensure they meet the eligibility criteria for the Work Permit Stream.
2. Expression of Interest (EOI) Submission: Applicants are required to create a profile to express their interest in the PEI Expression of Interest (EOI) system. The profile remains active for six months, during which adjustments can be made if necessary.
3. Invitation to Apply: Successful candidates will receive an invitation to apply via email, along with detailed instructions. A 60-day window is provided to submit the application.
4. Application Submission: Applicants must complete the application package, including the necessary forms and supporting documentation, along with the CAD 10,000 application fee. Submission methods include in-person, courier, or mail to the Office of Immigration in Charlottetown, PEI.
5. Interview and Business Proposal Discussion: Upon approval of the application, candidates are invited for an in-person interview to discuss their business proposal and plan with the Office of Immigration.
6. Performance Agreement and Settlement: Following the interview, applicants are required to sign a Performance Agreement. Upon meeting the agreement’s conditions, candidates may receive a letter of support from PEI, facilitating the application for a work permit with IRCC.
7. Establishment in PEI: Upon obtaining the work permit, successful candidates must relocate to PEI within 30 days and report to the PEI Office of Immigration.
8. Ongoing Support: A Settlement Officer is assigned to assist entrepreneurs with establishing and operating their businesses, providing regular progress reports.
9. Nomination and Permanent Residence Application: Upon fulfilling the Performance Agreement conditions and other requirements, candidates receive a nomination from PEI, enabling them to apply for Canadian permanent residence with IRCC.

The Work Permit Stream under PEI’s Business Impact Category presents a promising avenue for individuals seeking to invest in Canadian businesses while aspiring to make PEI their home. With a structured application process and ongoing support, entrepreneurs can navigate the pathway towards establishing successful ventures and securing permanent residency in this vibrant Canadian province.