On April 20, 2023, the Prince Edward Island Provincial Nominee Program conducted its sixth invitation round of the year. A total of 189 Invitations to Apply (ITA) were issued, including 180 invitations under the Labor & Express Entry stream and 9 invitations with a minimum score of 72 under the Business Work Permit Entrepreneur stream. This latest draw is a continuation of Prince Edward Island conducting draws with higher ITAs and lower CRS scores – particularly for Labor & Express Entry candidates. With the upcoming draws of the year laid out, it is clear that Prince Edward Island plans to increase the number of applicants who qualify to receive a nomination under its PNP-managed streams.
Business Work Permit Entrepreneur Stream
Nine invitations were issued with a minimum score of 72 under the Business Work Permit Entrepreneur stream. This stream is designed for foreign entrepreneurs who wish to establish or operate a business in Prince Edward Island. To be eligible for this stream, candidates must have a minimum net worth of $600,000 and a minimum investment of $200,000 in a new or existing business in Prince Edward Island.
Labor & Express Entry Stream
The Labor & Express Entry stream issued 180 invitations in the latest PEI PNP draw. This stream is designed for foreign workers who have a valid job offer in Prince Edward Island and meet the province’s labor market needs. Candidates must also meet the eligibility requirements for either the Federal Skilled Worker Program, the Federal Skilled Trades Program, or the Canadian Experience Class.
Implications for Applicants
The latest PEI PNP draw is a continuation of Prince Edward Island’s trend of conducting draws with higher ITAs and lower CRS scores – particularly for Labor & Express Entry candidates. This trend is good news for candidates who have been waiting for their chance to apply for permanent residency in Canada. With the upcoming draws of the year laid out, candidates can plan their applications and prepare their documents accordingly.
The latest PEI PNP draw issued 189 Invitations to Apply (ITA) under the Business Work Permit Entrepreneur and Labor & Express Entry streams. With the announced schedule for the year, it is clear that Prince Edward Island targets to increase the number of candidates eligible to receive a nomination under its PNP-managed streams. Candidates looking to immigrate to Canada can take advantage of this opportunity and prepare their applications, accordingly.
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