Immigrant Partner
The Immigrant Partner element of the Nominee Program is intended for prospective immigrants who propose to make an investment in a PEI company and to take an active role in the investee company. That role may be either as a director or as a senior manager defined at level "O" of the National Occupational Code.
Net Worth and Liquidity Criteria:
Immigrant partners are required to have a minimum net worth of $400,000 of which $350,000 will be in the form of liquid assets.
Investment Amount and Good Faith Deposit:
Immigrant partners must be prepared to make a $200,000 investment by way of preferred shares in an eligible PEI company and to place $25,000 in escrow with the Government of PEI.
Exploratory Visit:
Immigrant partners are required to make an exploratory visit to PEI of at least three business days duration. During this time, the immigrant partner will meet with the Program Officer for an interview to assess his/her application for nomination.
Investment Selection and Due Diligence:
Immigrant partners will invest $200,000 via preferred shares in an eligible PEI company and will take an active role in the investee as a director or as a senior management employee at level "O" under the National Occupational Code.
Immigrant partners are encouraged to retain legal counsel to act on their behalf in overseeing the investment transaction including the execution of the closing documents, disbursement and related matters.
