1. The PEI Provincial Government withdraws the settlement application

In June 2021, the PEI provincial government withdrew: 113 settlement applications including investment, labor and fast-entry applications. This is the sixth draw of the year organized by PEI province. PEI invited a total of 905 candidates, 816 of which came from the labor and expedited immigration programs, and the remaining 89 investors from the province's own nomination program. 

Although the number of applications submitted to this province has decreased significantly over the past 1 year due to the Covid epidemic, however, the federal government is planning to make up for the shortfall and achieve its ambitious immigration target. in 2021.

According to the PNPs, Canada's goal is to receive 80,800 new immigrants this year, and investing in the province of Prince Island should be considered the safest option at this stage!

With these positive highlights, interested investors can safely proceed with the application for the PEI PNP provincial investment program. Applications are still reviewed online with a fairly fast review time (8-10 months).

2. Investors only need to meet some of the following conditions

• Sufficient immigration scores and receiving an investment invitation from the government.
• Minimum investment of 150,000Cad in PEI 
• Total proven assets of at least 600,000 CAD 
• High School Diploma + ilets CLB4
• Minimum 3 years management experience.

3. iCanfield will support investors

• Consult and work directly with the provincial government before applying.
• Assessment of competency profiles & appraisal of financial records.
• Survey and provide complete business ideas and plans
• Process and apply for immigration visas for the whole family.
• Provide a complete settlement plan upon arrival. 
• Consulting and guidance package commitment until the whole investor family obtains permanent residency (PR)

Many customers have successfully settled in PEI, the province with the lowest cost of living and house prices in Canada. Peaceful life, full incentives like most other provinces, especially many business models from Vietnamese investors have been successful at PEI.

Please contact information for specific advice on a case-by-case basis.

iCanfield Vietnam Immigration & Study Abroad Consulting Company 

Address: 93 Nguyen Du, Ben Nghe Ward, District 1, HCMC

Hotline: 028.3822.0285