PEI Canada

Prince Edward Island (PEI)

• PEI is located on the east coast of Canada, and is connected to the mainland by the Confederation Bridge.
• PEI is Canada’s smallest and greenest province
• Population of 145,855 people
• Total area of 5,660 km²
• GDP of over US $36,700 per capita
• The provincial economy is dominated by the seasonal industries of agriculture, tourism,& fishery
• Currency is Canadian Dollars (CAD)

PEI Provincial Nominee Program

• Immigration is needed to address PEI’s population and economic needs.
• PEI PNP is a partnership between the Province of PEI (Immigration Services) and the Government of Canada.
• PEI PNP nominates applicants who are expected to make a positive economic and cultural contribution to PEI.
• Business Impact Category: Nominees invest in and actively manage a business in PEI.

Advantages Of Living In PEI

• Smallest of all Canadian provinces, in both size and population
• With two urban centers, it is not over-crowded
• Some of the lowest housing prices in Canada
• One of the lowest crime rates in Canada
• Beautiful scenery
• Friendly and welcoming citizens
• One of the most popular tourism destinations in North America: more than 1 million visitors annually.
• Ideal place to raise a family and operate a business

Program Benefits

• Charlottetown, PEI, is the lowest cost capital city in the lowest cost country in all of North America, Europe and Japan, in which to do business (KPMG).
• Major industries are agriculture, aquaculture, tourism, fishing and manufacturing.
• Information Technology, Aerospace, Financial Services, and Bio-science are rapidly growing industries.
• Exports from the pharmaceutical and medical manufacturing industries grew by 10% per year over past several years.
• Strategic access to global markets with efficient transportation and infrastructure
• Located within 625 km of key markets such as New York, Boston, Toronto and Montreal.
• Skilled workforce: Over 54% has post-secondary training
• Low employee turnover: average employment tenure is over 9 years.
• Private sector unionization rate is over 8% (national average is approximately 20%).
• Highest labour participation rate in Atlantic Canada: over 69%.

Applicant Criteria

• Intend to settle in PEI
• Intend to manage, invest in, or own a business in PEI
• Make a minimum investment in a PEI business in accordance with Section 87 of the IRPA regulations.
• Minimum $600,000 in earned net worth (including at least $150,000 in cash).
• Between 21 and 59 years of age
• Completed at least 12 years of school (completed secondary school).
• Minimum 1-2 years of recent, transferrable management experience.
• Basic proficiency in English (IELTS 4.0) or French