On September 20th  Immigration authorities in Prince Edward Island conducted final draw for their Direct Permanent Residence Streams in the Business Impact Category.
This draw had a point threshold of 152 and eight invitations were issued. After this the controversial 100% Ownership and Partial Ownership streams will be closed. The status of Business Impact Category Streams is as follows:
100% Owner Stream and Partial Ownership Stream (PERMANENTLY CLOSED).
The Work Permit Stream is open.
This development has happened after two investigations by the Federal Government made the allegation that some candidates exploited it to get Canadian PR. Moreover, they used the streams, having no intention, to set up a business in the province. It was a back door entry in Canada. Presently after this closure, the Work Permit stream is the only way in the PEI Immigration Business Category.
By using the Work Permit stream, candidates must enter the Island temporarily for establishing their business. After meeting the terms of an agreement they receive the invitation for applying seeking permanent residence. Moreover, in this draw, 116 candidates received the invitation for applying to the Labor Impact/Express Entry categories of the province.
The Immigration Streams, covered by Expression of Interest are:
Labor Impact
Express Entry
Business Impact
So far the Island has conducted seven draws in 2018. Additionally it has invited 642 skilled workers, and 133 aspirants in the Business Impact stream.
The minimum points in the Business candidates are 117.
Invitations Issued By Prince Edward Island in 2018
Invitation Date
Business Invitations
Minimum Point Threshold for Business Stream
The Express Entry category works by reaching out to candidates who are already present in the EE Pool for getting the provincial nomination. Success in it adds 600 points to the CRS of a candidate. Also it serves as a guarantee to get an Invitation to Apply for immigration in Canada.
The norm for applying for a candidate in the provincial nomination from P.E.I, is completing a simple form which is available on the website of the provincial government. Moreover it has no application fee. Completing the form is a way of expressing interest in immigrating by a candidate.