The EOI process for Business Nominees

• 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.

Applicant Qualifications

• 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 (https://ieltscanadatest.com/test-results/ielts-and-clb/)
• Between age 18-59
• Earned net worth of CAD $600,000 (principal’s and spouse’s assets combined)
• Completed high school.

Background

The Prince Edward Island Provincial Nominee Program (PEIPNP) is administered by the PEI Office of Immigration, in partnership with the federal government of Canada. The purpose of the PEIPNP is to increase immigration to PEI, to meet PEI’s demographic and economic goals. Confederation has been appointed as an Authorized Island Agent, enabling it to submit qualified applications to the PEIPNP.

In 2018, the PEI Government moved to an Expression of Interest (EOI) model for file submission and selection.  Under this points-­‐based model, an EOI profile will first be created for each applicant, and the Government will periodically select applicants from this pool.

Those applicants with the greatest potential to become economically established in PEI will be selected and invited to apply to the PEIPNP. It is important that applicants obtain as high an EOI score as possible to increase the chance of selection.

Confederation is committed to helping applicants achieve their maximum EOI score. This document contains information on improving the EOI score in four ways:

1. The applicant travels to PEI to secure a Community Endorsement Letter (10 points for Charlottetown, Cornwall or Stratford; 35 points for another community in PEI).
2. The applicant enrolls his/her child in the International Student Program (10 points for dependent children enrolled in a PEI school for minimum 6 months).
3. The applicant improves his/her language ability (10 points for CLB 5; 20 points for CLB 6; 30 points for CLB 7; 35 points for CLB 8; 40 points for CLB 9 or 10).
4. The spouse and/or dependents improve their language abilities (10 points if the spouse or dependent child has CLB 6 or higher).

Please Contact Us for more information.