You will be issued a nomination after you meet the terms and conditions of your PerformanceAgreement. The main requirements to receive a nomination for permanent residency include but are not limited to the following responsibilities:
• the principal applicant with their accompanying family (which includes spouse and school-aged children) must maintain a residence in Prince Edward Island while operating the business and be physically present in PEI for a minimum of 274 days of the year. If a dependent child is attending a post-secondary institution outside of PEI, the dependent child is not required to be physically present in PEI for a minimum of 274 days;
• invest a minimum of $150,000 into the business within 12 months of landing in PEI;• operate the business for a minimum of twelve consecutive months;
• provide active and ongoing management of the business from within PEI;
• provide prepared financial statements noting a minimum of $75,000 in eligible operating expenses; and
• meet all other terms and conditions of the Performance Agreement
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