An Alternative Solution for PEI Quota Woes

This year brought an unprecedented development in Canadian Investor Immigration. Long considered to be the one of the country's best kept secrets, the Prince Edward Island (PEI) Entrepreneur Program utilized its annual quota of 100 within its first day of opening in May. As such, many entrepreneurially-minded immigrants found themselves out of luck until next spring or looking to other provinces to launch their businesses.

Fortunately, however, there is a workaround which is not quota-based. As entrepreneurs, prospective immigrants can apply for a PEI-focused work permit. In order to qualify, principal applicants must meet the following criteria:

• Score a minimum of 50 points on the self-assessment, focusing on factors such as age (open only to those 21-59 years of age), education, work experience, and adaptability factors;