Be prepared to make a $200,000 investment by way of preferred
shares in an eligible PEI company;
Be prepared to place $25,000 in escrow with
the Government of PEI;
Provide evidence of return to PEI or one year’s
residency in PEI;
Ideal candidate to the PEI PNP is/has:
less than 55 years of age;
a minimum 14 years of education, including one (or
more) post-secondary certificates or degrees;
capable of being interviewed
in English or French;
has several years of management (or, preferably, business
ownership) experience in a sector with relevance to the PEI economy.
Eligible
candidate to the PEI PNP is/has:
Not yet able to speak English or French and;
Post-secondary education or;
Exceptional transferable management skills.
For investees:
The company must be a for-profit corporation incorporated under
the Companies Act of Prince Edward Island or the Canada Business Corporation
Act;
The company’s the authorized capital structure permits the issuance
of preferred shares to an immigrant partner(s) in alignment with the provisions
of the PEI Nominee Program;
The corporate headquarters have to be located on
PEI;
The investees maintain a "permanent establishment" on PEI as
defined under the Income Tax Act by regulation 400 (2); and
Pay income tax
on taxable income earned as a result of a "permanent establishment" on
PEI, irrespective of income or other taxes which may also be payable in other
jurisdictions as a result of income earned or other business activity.
The
company must be in good standing with the Province on all debts and obligations.
The company cannot represent the immigrant as agent, or in any capacity,
to the Provincial Nominee Program.
