pace immigration - pei pnp business category

8/4/2019 Pace Immigration - PEI PNP Business Category

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Atlantic Canada

Atlantic Canada, also known as the Atlantic Provinces, is the region of Canada

comprising four Provinces located on the Atlantic Ocean: New Brunswick, Nova

Scotia, Prince Edward Island and Newfoundland and Labrador;

•Atlantic Canada has a population of 2.3 million people;

•Atlantic Canada cities are safe and friendly;

•Atlantic Canada has free Canadian medical care;

•Atlantic Canada has a high level of education with 15 degree granting Universities;

•Atlantic Canada is tax-friendly for business.

Prince Edward IslandPrince Edward Island also known as “PEI” or the “Island” is located on the east

coast of Canada and is connected to the mainland by the Confederation Bridge.

The capital city is Charlottetown.

In July 2009, the province’s population was estimated to be 140,985. The primary

industries are agriculture, sheries and tourism.

PEI is Canada’s smallest and greenest province. The Island is a place of natural

beauty where the air and water are fresh and clean. The Island is 5,683.91 km2 in size

Atlantic Business PNPs•Atlantic Canada Provinces each have a Co-operation Agreement with the

Canadian government that allows each province an active role in selecting

immigrants who meet criteria set by each province within the framework of

Canadian Immigration law;

•Atlantic Canada Province’s PNPs, which CIBI* participates in, are selected for fast

and efcient processing for immigrant applicants who intend to partner in business

with Atlantic Canada business people; and

•Atlantic Canada Provinces that nominated immigrant applications for Canadian

Permanent Residency are accorded priority at Citizenship and Immigration

Canada visa ofces abroad and are therefore processed for Permanent Residency

faster than other economic applicants. Processing times are under six months forPermanent Residency.

1 The Government of Prince Edward Island http://www.gov.pe.ca/infopei/

*CIBI: Can-Nection Immigrant Business Investments Ltd. www.can-nection.com. Pace Law FirmImmigration “PLF” has an agreement with CIBI for the PEI PNP Program. PLF and Pace Global

Advantage Corp. “PGA” are afliated.



The Principal Applicant “PA” must,

1. provide evidence of personal net worth of at least

$400,000 CAD obtained from legal sources;

2. be between the ages of 21 to 56;

3. have a minimum of 12 years education and complete

secondary school;

4. have business management experience relevant

to the eligible business with at least two (2) years of

management experience in the past ve (5) years and

currently employed;

5. have an IELTS test score (obtained within the last 3

years) for a Canadian Language Benchmark Placement

Test equivalent score of 5, and if CLBPT equivalent

score is 4, but less than 5, the PEI PNP will interview

the Applicant and after the interview the Applicant will

need to make a $10,000 CAD language deposit for

post-landing ESL training as specied by the PEI PNP;

6. intend to make a minimum $150,000 CAD investmentin an eligible PEI business and provide active and

ongoing management of the business from within PEI;

7. make a $100,000 CAD deposit to the PEI PNP which is

held in escrow, to be returned, without interest, once

the terms and conditions of the Escrow Agreement

have been met;

8. intent to reside in PEI with his/her immediate family

for not less 183 days in a calendar year;

9. obtain at least 50 points on the Business Impact Self-

Assessment Form;

10. visit PEI for a period of no less than 5 business days

to conduct extensive research and to complete an

interview with a PEI PNP ofcial;

11. for the calendar year 2011, the PEI PNP has allocated

25 nominations certicate openings to CIBI to attempt

to ll in the Business Impact Category; and

12. before CIBI will accept any application, please send a

one to two (1-2) pages(s) summary to CIBI for its

assessment and addressing the basic criteria as

follows:

Age – Both PA and spouse/dependents;

Education – Both PA and spouse;

Managerial experience and business ownership –

Both PA and spouse;

Language – Both PA and spouse;

Net Worth – Please provide a draft of Schedule

4A and if relying on real property a copy of any

Deeds and a copy of any available supporting

documents relied upon to prove ownership and

value of $400,000 CAD net worth;

How the PA’s management is relevant to the

proposed investment/business;

How the proposed business is relevant to PEI

and is the proposed business in one of PEI’s

strategic sectors – Bioscience, Information

Technology, Aerospace Renewable Energy

Financial Services or Manufacturing and

Processing; and

The history of applications by PA and spouse for

TRV’s and Immigration to Canada.

13. CIBI has the right to determine whether it will accept

any application.

14. The PEI PNP will not process any application where

the PA or spouse has applied any time in any other

permanent residency program in Canada, unless and until

the PEI PNP rst reviews the matter and agrees to process

the application.



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PEI PNP – 100% Ownership – Entrepreneur

PART 1: ELIGIBLITY OUTLINE



Language Profciency

15. International English Language Testing System (IELTS)

to Canadian Language Benchmark Placement Test

(CLBT)

IELTS IELTS IELTS IELTS CLBPT

Speaking Listening Reading Writing Score

6.5 7.5 6.5 6.5 9+

6.0 6.0 6.0 6.0 8.0

5.5 5.5 5.0 5.5 7.0

5.0 5.0 4.0 5.0 4.0

4.0 4.5 3.5 4.0 5.03.5 4.0 3.0 3.5 4.0

16. An applicant with less than CLBPT 5 but greater than

CLBPT 4 will be required to:

a. Before nomination, make a $10,000 deposit for post-

arrival training and;

b. After landing,

1. re-test on PEI to determine if training is still required;

2. enroll in a language training institution approved by

the PEI PNP;

3. the applicant’s deposit will be used to pay for the

required language training;

4. attend language training until the applicant has

met the terms and conditions of the language deposit

agreement

17. CIBI will not accept any application with a prociency

of less than CLBPT 4 without prior written approval

agreement.

18. TEOFL may be acceptable on a case-by-case basis

with prior PEI PNP consent including where the testwas already done or IELTS testing is not available in

the Applicant’s country.

PEI PNP Prioritization

19. “Due to limitations on immigration levels nationally

and the eects on the Provincial Nominee Programs,

the province o PEI reserves the rights to prioritize

nominations to the three streams o the BusinessImpact Category based on the strengths and merits o

the application and the economic value to PEI.” [March

2011, Website]

20. “Processing times or the PEI PNP can vary based on

the number o applications received, completeness

o the application and time required to corroborate

necessary verifcations.” [March 2011, Website]

Priority Sectors

21. PEI will be limiting its nominations to applicants who

are best suited to enhance the PEI economy.

22. “PEI will be giving priority to application involving:

c. The starting or expanding of an export-oriented

business;

d. Businesses that utilize primary sector resources from

the following sectors (Agriculture, Fishery and

Forestry);

e. Businesses that help economically diversify rural

communities in PEI:

f. Businesses that develop the province’s emerging

innovative sectors; bioscience, information

technology, aerospace and renewable energy.”

[March 2011, Website]

23. “Preerence will be given to applications that

can demonstrate the ability to increase or maintain

employment levels within the business.” [March 2011,

Website]

Relevancy to PEI Economy

24. The applicant’s choice o a PEI business should matchtheir skill set and abilities to run that particular business.

25. The proposed business must economically beneft PEI-

must be relevant to PEI.

26. The PEI PNP will “consider” any other business the

immigrant entrepreneur proposes and the PEI PNP

accepts as economically benefcial to PEI.





Business Proposal – Filed at Stage 1: Complete Formal Application

27. “At the time o application, a “business proposal”

document is required in recognition o the challenge

o providing a comprehensive business plan prior to

the applicant’s exploratory visit to PEI.” [March 2011,

Website]

28. The PEI PNP requires that the Executive Summary

Business Proposal show that a reasonable amount o

the total investment will be in tangible assets used in

the operation o the business in PEI.

29. “The business proposal must include the ollowing,

g. Business Experience: The applicant’s personal

business experience, and spouse’s if relevant,

including years experience, description of positions

and duties, business ownership experience,

international trade experience; past annual revenues

generated and protability. Identify specic areas of

business strength or advantage.

h. Markets; Products and services with which the

applicant’s expertise and spouse’s if relevant and

whether those products and services have relevance

to the PEI business environment. Describe any business activities currently active, which may

directly be transferable to PEI, or any markets you

have developed which could be accessed from PEI.

i. Capacity: Describe the areas of activity you will

explore to identify the most effective business

opportunity to suit your experience and skills. Outline

the potential investment you plan or intend to make

in a PEI business.” [March 2011, Website]

30. “The Business must have the potential to create

signifcant economic benefts to PEI by contributing

one or more o the ollowing:

j. Increasing value-added manufacturing, processing or

primary resource activity;

k. Increasing exports of goods or services;

l. Increasing destination tourism, tourism attractions,

tourism xed roof accommodations excluding all new

construction and recreational property development;

m. Increasing research and development/technology commercialization;

n. Increasing technology, skills and specialized know-

how to the province;

o. Servicing an underserved local or regional market;

and

p. Diversifying retail and restaurant investment.” [March

2011, Website]

Active and On-Going Management

31. “Participation by the applicant in the day-to-day

operations and decision making o the business

while assuming a managerial role. The managerial

role requires direct involvement in major decision

making, human resources, fnance, accounting, sales,

marketing, purchasing etc. and any other related

activities deemed necessary or the business’s viability.”

[March 2011, Website]

Business Plan – Filed at Stage 3:

Post Interview

32. The Business Plan is ounded on the Applicant’s

answers to questions presented by CIBI and it is

fnalized by a Chartered Accountant in Prince Edward

Island (“PEI CA”), who is commissioned by the

Applicant.

33. CIBI will pay up to $5,000.00 CAD to the PEI CA

towards fnalizing the Applicant’s Business Plan and any

cost overrun above $5,000.00 CAD is the responsibility

o the Applicant – CIBI does not expect any cost

overrun provided the Applicant ully participates in the

process.

34. The PA should have access to sufcient liquid assetsat landing or within 2 years ater landing to cover

the minimum required investment o $150,000 CAD

and provision or the successul settlement and support

o dependent amily members or up to two (2) years

without third party assistance. The actual amount o

unds required will depend upon the planned business

venture in PEI. The PA should be prepared to explain

how this liquidity will be obtained.





35. Liquid assets are cash, demand deposits (with afnancial institution), term deposits, tax shelters

convertible to cash, and readily marketable investment

including publicly traded stocks or bonds.

36. Statistics Canada indicates the “average household

expenditure in PEI” or 2009 was $57,000.

37. The access to liquidity requirement or a minimum o

$150,000 CAD investment, plus 2 years living expenses

at $60,000 CAD per year totals $270,000 CAD less any

reund o the $100,000 CAD bond rom the PEI PNP.

This inormation is compiled or your beneft to the best

o CIBI’s knowledge and belie and is subject to changewithout notice.

Pace Law Firm (Immigration)

295 The West Mall, 3rd Floor

Toronto, Ontario

M9C 4Z4

Tel: 001.416.236.3060

Toll Free: 1.888.825.9303

Fax: 001.416.236.1809

Email: [email protected]

www.paceimmigration.com



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