The 100% Ownership Stream provides entrepreneurs the opportunity to establish and operate a business in Prince Edward Island while pursuing permanent residency in Canada.

Application Process

1. Initial Submission: Complete a self-assessment and submit a detailed business proposal
2. Review Phase: Approved applicants attend an in-person interview and submit comprehensive business and settlement plans
3. Nomination: Successful candidates receive provincial nomination for permanent residency

Eligibility Requirements

Applicants must demonstrate:

• Verifiable personal net worth meeting program requirements
• Minimum high school education or equivalent
• Age between 21-59 years
• Relevant management experience and transferable skills
• Minimum language proficiency (IELTS or equivalent)
• Commitment to actively manage the PEI-based business

Business Requirements

• Submission of a complete business plan for 100% ownership
• Investment in a new or existing PEI business meeting program thresholds
• For existing businesses: valid purchase agreement documentation
• Execution of a refundable escrow agreement

Priority Sectors
The program prioritizes businesses that support PEI’s economic development in:

• Export-focused ventures
• Agriculture, fisheries and forestry sectors
• Rural economic development initiatives
• Innovative industries including technology and renewable energy

Final Steps

Approved applicants receive a provincial nomination certificate to apply for permanent residence through Immigration, Refugees and Citizenship Canada (IRCC).

This program enables entrepreneurs to contribute to Prince Edward Island’s economy while establishing their Canadian future.