The small island, Prince Edward Island (PEI) along with many surrounding isles is Canada’s smallest province.
Prince Edward Island is also popularly termed as the ‘birthplace of Canada’. This is because of the Charlottetown conference that had led to the formation of the country. The province is not only known for its rich farmland and lovely coasts but is now a home to the prospering economy concentrating on farming, tourism, and fishing.
The Prince Edward Island Provincial Nominee Program (PEI PNP) is a program for the prospective immigrants who want to settle in Canada. The candidates who have the required skills and experience as per the needs of the province can apply for the program. These potential immigrants will receive a PEI Provincial Nomination Certificate that allows the international candidates to apply for permanent residency in Canada. The processing times for this program are faster than other Canadian immigration classes.
Following are the three categories under which the applications are accepted:
Category 1: PEI PNP Express Entry
Category 2: Labour Impact Category
Category 3: Business Impact Category
The applicants who are interested to live in the province permanently should be eligible to enter the Express entry pool. The time taken to process these applications is usually 6 months or less. The PEI PNP does not promise that every application shall be accepted but considers the selection of those applicants who have necessary skills as required by the labor needs of the province.
Under this category, the province considers applications from candidates who have the necessary skills, ability and experience in accordance with the Prince Edward Island’s labor market. This stream is further divided as:
Skilled worker stream
This stream involves the potential workers who have been hired by a PEI employer. For these candidates to be eligible, they should possess the required skills and experience in the profession along with at least a diploma or a post-secondary degree.
Critical worker stream
This stream involves the potential workers who have been hired by a PEI employer. The employer should have sponsored or referred them for permanent residency. These candidates usually belong to a semi-skilled or unskilled profession.
International graduate stream
The stream involves the young graduates from officially authorized PEI colleges and universities. The candidates eligible for this program should have necessarily been hired by a PEI employer. These applicants thus will work under the skilled profession that belongs to their field of study.
The category involves with the selection of applications from individuals who want to manage and invest their business in PEI. This category is gain divided into 3 streams:
100 percent Ownership Stream
This stream involves the potential candidates who are willing to have a full-time ownership for their business in PEI. They might either think to start a new business in the province or buy an existing one.
Partial Ownership Stream
This stream involves the potential candidates who are willing to get at least 33.33% of their business in PEI. This means they should at least have 1/3rd ownership in the business. The other criteria that can be fulfilled to be eligible for this stream are by investing $1,000,000 CAD in the equity of a business.
Work Permit Stream
This stream involves the potential candidates who are willing to invest in a PEI business for its development and working on a work permit before they receive a provincial nomination. During the work permit time, these applicants are expected to be working in Canada and learn about the business in which he or she might be investing.