In 2018, the PEI Government will change its application submission method to the Expression of Interest model.
The EOI process may be summarized as follows:
-Confederation will submit a preliminary Expression of Interest (“EOI”) profile for your client.
-The EOI profile is valid for 6 months, and may be re-submitted after 6 months. It may also be updated while in the queue, to increase its score.
-The EOI profile must identify the industry sector in which the applicant will invest.
-The PEI Government will select applicants based on points, or to target certain markets, industry sectors, or diversity.
-Additional points will be awarded to applicants who have visited PEI previously, or have children attending school in PEI.
-To encourage applicants to visit PEI prior to EOI submission, the PEI Government will issue invitation letters to assist them in obtaining TRVs.
-To score community endorsement points, the applicant must have secured a letter from that community, prior to submitting an EOI. The future business plan must be based in this community.
-The business plan will be prepared prior to the exploratory visit, to be presented by the applicant during the interview.
-intend to settle in PEI, and to manage, invest in, or own a business in PEI
-minimum 3 years, out of the last 5 years, of business management and/or ownership experience:
- business ownership: minimum 20% ownership (the principal’s and spouse’s % ownership may be combined) with active management of the company; OR
- management: the principal applicant must directly manage at least 3 employees
-minimum English or French score of CLB 4 (see the below website for converting IELTS to CLB:
-between age 18-59
-earned net worth of CAD $600,000 (principal’s and spouse’s assets combined)
-completed high school