Prince Edward Island Canada Immigration: Fees, Benefits -

Prince Edward Island (PEI) Canada Immigration Program

The immigration program to Canada for business owners or senior managers who invest in establishing or acquiring and running a business in Prince Edward Island (PEI).

Applicants can bring their spouse and children under 22 years old. The initial investment requirement is relatively low, starting from CAD 150,000 (~VND 2.6 billion).

PEI is renowned for its high quality of life, reasonable housing prices, and cost of living compared to many other provinces in Canada. It also boasts a quality education system, numerous job opportunities, and stunning natural landscapes.

Currently, Prince Edward Island is home to over 1,000 Vietnamese residents and more than 50 businesses run by Vietnamese individuals.

Time to Residency

3 years

Minimum Investment

150.000 CAD

Type of Investment

Entrepreneur

Visa-free Countries

Freedom to travel to 187 countries and territories

Benefits of the Prince Edward Island (PEI) Canada Immigration Program

The whole family can freely live, study, and work in Prince Edward Island (PEI), enjoying all the rights and benefits of Canadian citizens.
Children will receive free education at public schools up to the end of high school.
Once becoming a Permanent Resident, children will benefit from local tuition rates for university education.
Becoming a Permanent Resident grants all the rights and benefits of Canadian citizenship upon fulfilling commitments with the province.
After achieving Permanent Resident status, the family can apply for Canadian citizenship when eligible.

Advantages of the Prince Edward Island (PEI) Canada Immigration Program

Only requires a high school diploma or higher.
Investment starts from CAD 150,000 (approximately VND 2.6 billion).
No mandatory on-site survey trip required.
PEI is one of the provinces with the lowest Expression of Interest (EOI) score requirements in Canada’s provincial immigration programs.
The only province with a fixed schedule for selecting applications each month.
Businesses in Canada are not required to generate profit or create jobs.
Despite its high quality of life, the cost of living in PEI is lower compared to many other provinces in Canada.

Requirements for the Prince Edward Island (PEI) Canada Immigration Program

Applicant Requirements

Aged 21-59 (suitable for working and investing).
Business owners or senior managers must have at least 3 years of experience in the last 5 years.
High school diploma or higher.
Minimum net worth of CAD 600,000 (~VND 10.2 billion).
English proficiency of approximately IELTS 4.0 (General).
Must meet security and health background requirements.

Investment Requirements:

Minimum investment of CAD 150,000 (~VND 2.6 billion) into the business.
A viable business plan that can provide economic benefits to the province is required.
The business must be operated in Prince Edward Island (PEI) for at least 12 months.

Process for the Prince Edward Island (PEI) Canada Immigration Program

Step 1: Assess and prepare documents to ensure all requirements are met.
Step 2: Submit an Expression of Interest (EOI) to the provincial government to express the intention to participate in the program.
Step 3: Upon receiving an Invitation to Apply (ITA) from the province, submit a complete application.
Step 4: Participate in an interview with the provincial government to confirm information and business plans.
Step 5: Receive a letter of support from the province to apply for a work permit
Step 6: After obtaining the work permit, move to Canada to invest in and operate the business in Prince Edward Island (PEI)
Step 7: After 12 months of business operation, submit an application for Permanent Residency

Provincial Fees

No fee for submitting the EOI
10,000 CAD: Provincial application processing fee
4.000 - 5.000 CAD: Asset assessment fee with a provincially designated agency.

Federal Government Fees

3.000 - 4.000 CAD: Costs related to Work Permit, Study Permit, etc. (depending on the number of family members).

Other fees such as medical exams, criminal background checks, document translation, language tests,...

Processing time for the Prince Edward Island (PEI) Canada Immigration Program is between 16 to 18 months.

Canada Immigration to Prince Edward Island (PEI) with Quốc Tịch Thứ Hai

Immigrating to Prince Edward Island (PEI), Canada is a decision that should be carefully considered based on your personal priorities and goals. For those who wish to enjoy a life harmonized with nature and seek a friendly community, this could be an ideal choice.

If you are interested in settling in Prince Edward Island but are unsure about preparing your application and the process involved, let Quốc Tịch Thứ Hai assist you. Our team of consultants is ready to support you and provide detailed information to ensure you can make your decision smoothly.

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Prince Edward Island Canada Immigration: Fees, Benefits