{"id":54447,"date":"2018-09-26T12:34:53","date_gmt":"2018-09-26T16:34:53","guid":{"rendered":"https:\/\/www.investmentimmigration.com\/?p=54447"},"modified":"2018-09-26T12:38:17","modified_gmt":"2018-09-26T16:38:17","slug":"p-e-i-conducts-final-direct-permanent-residence-draw-for-entrepreneur-streams","status":"publish","type":"post","link":"https:\/\/www.investmentimmigration.com\/p-e-i-conducts-final-direct-permanent-residence-draw-for-entrepreneur-streams\/","title":{"rendered":"P.E.I. Conducts Final Direct Permanent Residence Draw For Entrepreneur Streams"},"content":{"rendered":"

The final draw for the direct permanent residence streams of the Prince Edward Island Business Impact Category has taken place.<\/p>\n

The September 20 draw saw eight invitations issued with a minimum points threshold of 152.<\/p>\n

It marks the closure of the controversy-plagued 100% Ownership<\/a> and Partial Ownership<\/a> streams.<\/p>\n


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What Are The P.E.I. Business Impact Category Streams?<\/h3>\n
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  1. <\/b>100% Owner Stream<\/a> (PERMANENTLY CLOSED)<\/b><\/li>\n
  2. Partial Ownership Stream<\/a> (PERMANENTLY CLOSED)<\/b><\/li>\n
  3. Work Permit Stream<\/a> (OPEN)<\/b><\/li>\n<\/ol>\n
    \n

    Both are the subject of two federal government investigations alleging candidates exploited the program to achieve Canadian permanent residence.<\/p>\n

    The streams have allegedly been used by candidates with no intention of setting up a business in the province as a back door to legal status in Canada.<\/p>\n

    The closure means the Work Permit stream<\/a> is the only one remaining under the Prince Edward Island Immigration<\/a> Business Impact Category.<\/p>\n

    Under the Work Permit stream, candidates are required to enter P.E.I. on a temporary basis to establish their business.<\/p>\n

    Once the terms of an agreement have been met, only then are they invited to apply for permanent residence.<\/p>\n

    The September 20 P.E.I. draw also saw 116 candidates invited to apply through the province\u2019s Labour Impact and Express Entry categories.<\/p>\n


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    Which P.E.I. Immigration Streams Are Covered By Expression of Interest?<\/h3>\n