{"id":9959,"date":"2018-04-11T13:54:15","date_gmt":"2018-04-11T13:54:15","guid":{"rendered":"https:\/\/www.investmentimmigration.com\/?p=9959"},"modified":"2018-04-11T13:54:15","modified_gmt":"2018-04-11T13:54:15","slug":"business-impact-program-endorsement-requests-flood-p-e-communities","status":"publish","type":"post","link":"https:\/\/www.investmentimmigration.com\/business-impact-program-endorsement-requests-flood-p-e-communities\/","title":{"rendered":"Business Impact Program Endorsement Requests Flood into P.E.I Communities"},"content":{"rendered":"
Increased workload under the local endorsement requirement of the Prince Edward Island Business Impact Program<\/a> is causing problems for small towns. Read More<\/strong> The local endorsement requirement is part of a series of changes to the P.E.I. Provincial Nomination Program<\/a>, which also saw an Express of Interest system introduced for 2018. 1) 100% Ownership Program:<\/strong><\/p>\n 2) Partial Ownership Program:<\/strong><\/p>\n 3)\u00a0Work Permit Program:<\/strong><\/p>\n The 100% Ownership and Partial Ownership streams have caused controversy over the $200,000 deposit requirement. Increased workload under the local endorsement requirement of the Prince Edward Island Business Impact Program is causing problems for small towns. Officials say they are inundated with extra workload after 14 P.E.I. communities were given responsibility for endorsing applications from entrepreneurs and investors. It means local officials must receive applications and conduct interviews, before deciding…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"footnotes":"","_jetpack_memberships_contains_paid_content":false,"jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[454,415],"tags":[],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p8hnWW-2AD","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts\/9959"}],"collection":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/comments?post=9959"}],"version-history":[{"count":0,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts\/9959\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/media?parent=9959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/categories?post=9959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/tags?post=9959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nOfficials say they are inundated with extra workload after 14 P.E.I. communities were given responsibility for endorsing applications from entrepreneurs and investors.
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\nIt means local officials must receive applications and conduct interviews, before deciding whether to endorse a candidate for Canadian permanent residence.
\nThe province requires candidates to visit the community where they plan to set up their business and present a business plan.<\/p>\n
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\nPrince Edward Island Immigration Conducts First Expression of Interest Draws<\/a>
\nP.E.I.\u2019s 100% Ownership Stream Could Face Federal Government Scrutiny<\/a>
\nP.E.I.\u2019s Business Impact Program To Move To Expression of Interest<\/a><\/p>\n
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\nUnder the new system, candidates create an account and submit a profile, before the highest scoring candidates are invited to apply. Successful candidates receive a provincial nomination before applying to the federal government for permanent residence. Two draws have been conducted so far in 2018, with a third expected in April. An endorsement from a rural area is worth 35 points, compared to 10 points from the cities of Charlottetown, Stratford and Cornwall.
\nThe P.E.I. Business Impact Category includes three streams: 100% Ownership, Partial Ownership and Work Permit, each with slightly different requirements.<\/p>\n
\nBusiness Impact Category Requirements<\/h3>\n
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\nCritics say candidates are using the streams as a back door to permanent residence, happy to forfeit the $200,000 with no intention of setting up a business. The P.E.I. government withheld $18 million in deposits in 2016.
\nOther provincial business programs have moved exclusively to two-step business programs, where a candidate is initially issued with a work permit to establish their business. Permanent residence is then issued up to two years later, when the requirements for establishing the business have been met.<\/p>\n","protected":false},"excerpt":{"rendered":"