© 2018 by Abegweit Immigration

100% Ownership Stream

This stream is for individuals who would like to own 100% of a business in PEI.  Individuals may either plan to purchase an existing business or start their own business in PEI.

 

To be eligible for nomination through the 100% Ownership Stream of the Business Impact Category you must:

 

  • have a minimum verifiable personal net worth of $600,000 which has been accumulated through legal and legitimate sources in your own right;

  • have a minimum education of secondary school equivalent;

  • be within 21-59 years of age at the time of application;

  • have transferable management skills and past employment or business ownership experience;

  • meet minimum language requirements equivalent to a CLB/NCLC 4; and

  • intend to live and work in PEI while providing day-to-day active and ongoing management of your PEI-based company.

 

Successful applicants will be required to sign an Escrow Agreeement and submit a $200,000 deposit to the Office of Immigration prior to receiving their nomination.  The deposit can be broken down as follows:

 

  • Residency portion - $50,000

  • Business portion - $150,000

 

If you comply with the terms of your Escrow Agreement, this deposit will be refunded to you in accordance with the terms of the Escrow Agreement.‚Äč