Prince Edward Island, with a principal island and 231 tinier, more uninhabited islands, is one of Canada’s most beautiful provinces and one of Canada’s three Maritime Provinces. A population of just over 150,000 has made it the smallest and least populated province.
Location of Prince Edward Island
The main island is in St. Lawrence Bay, 200 km north of Halifax, Nova Scotia, and 600 km east of Quebec City. The island has only two significant urban areas: its center, Charlotte Town, and its suburbs, and the port of Summer. The rest of the island has small hills, sandy beaches, and forests.
Its climate is subpolar oceanic, with more or less cold winters and hot and humid summers. Winter storms and blizzards are common on Prince Edward Island, with rainfall during the spring, summer, and fall, making it ideal for agriculture.
The Cost of Living on Prince Edward Island
The average household income is about $ 41,500, and the home price is $ 150,000.
Economy
The economy of Prince Edward Island is agricultural and supplies most of the country’s potato crops. The island offers exciting career opportunities ranging from fishing to agriculture, tourism, and leisure.
Demographics
The majority is from the British Isles (38% Scottish, less than 30% Irish and English) with several French Acadian descendants, and its official language is English.
More than 50 percent of the island is from Protestants and Catholics. Charlottetown harbor has more than 650,000 people and provides many jobs in the area.
Education
Apart from the elementary and high school systems, there are a small number of higher education institutions on Prince Edward Island: 1 university and two colleges.
Prince Edward Island Tourist Attractions
A few tourist attractions are on Prince Edward Island: The annual Charlotte Town Art Festival and the annual Jazz Festival feature local musicians. Water sports and fishing are popular on the island.
Prince Edward Island Provincial Nominee Program PEI-PNP – Work Permit Program
Program | Prince Edward Island Provincial Nominee Program (PEI-PNP) – Work Permit Flow |
The Minimum Cost of Assets | C $ 600,000 |
Minimum Investment | Not Available |
Experience | Management History required. |
System (Expression of Interest) EOI | Yes |
Managerial Role | It’s necessary |
Business Plan | It’s necessary |
Exploratory Visit | They have suggested |
Interview | It’s necessary |
Refundable Deposit | If they don’t accept the application, they will refund $ 7,500 out of C $ 10,000 for the application fee. |
PR (Permanent Resident) / Work Permit | Letter of Support from the province to apply for a Work Permit; Once they implement all the terms and conditions of the employment contract, you can obtain it. |
Additional Necessities |
CLB (Canada Learning Bond) 4 in English or French; At the very least, you should have a high School Education. Age Category 21 to 59 years |
Prince Edward Island Provincial Nominee Program (PEI-PNP) – Partial Ownership
Program | Prince Edward Island Provincial Nominee Program (PEI-PNP) – Partial Ownership (Completed) |
The Minimum Cost of Assets | C $ 600,000 |
Minimum Investment | C $ 150,000, and you must own a percentage of the shares in the existing business with at least 1/3 ownership or $ 1,000,000 investment immigration. |
Experience | Management History required. |
System (Expression of Interest) EOI | Yes |
Managerial Role | It’s necessary |
Business Plan | Starting a business that has the necessary conditions and the provincial government accepts it |
Exploratory Visit | It’s necessary |
Interview | It’s necessary |
Refundable Deposit | $ 200,000 |
PR (Permanent Resident) / Work Permit | After obtaining the Provincial Candidacy Certificate |
Additional Necessities |
They must submit the Investment Migration Contract. The minimum IELTS score (International English Language Testing System) IELTS in the last two years should be 4.0. In the evaluation network, you must earn more than 50 points. |
Prince Edward Island Provincial Nominee Program (PEI-PNP) – 100% ownership
Program | Prince Edward Island Provincial Nominee Program (PEI-PNP) – 100% ownership (Completed) |
The Minimum Cost of Assets | C $ 600,000 |
Minimum Investment | C $ 150,000 |
Experience | Management History required. |
System (Expression of Interest) EOI | Yes |
Managerial Role | It’s necessary |
Business Plan | It’s necessary |
Exploratory Visit | Not specified. |
Interview | It’s necessary |
Refundable Deposit | $ 200,000 |
PR (Permanent Resident) / Work Permit | After obtaining the Provincial Candidacy Certificate |
Additional Necessities |
CLB 4 in English or French Age Category 21 to 59 years |