1. A minimum net worth of $400,000.
2. Willingness to invest a minimum of$200,000 to establish a new enterprise (or to purchase no less than 33% of an existing business).
3. A thorough business plan or ”Business Capacity” document to demonstrate that the Immigrant Entrepreneur has the capacity to establish a successful business in the Prince Edward Island business environment.
4. Payment of a $100,000 business investment deposit which is held in escrow and returned to the applicant after one year’s residency and the establishment of the business;
5. Immigrant Entrepreneurs are also required to place $25,000 in escrow with the Government of PEI as a good faith deposit. This deposit also gets returned after applicant has resided for one year in PEI.
6. Immigrant Entrepreneurs (Partners) whose capacity in English or French is insufficient to be interviewed in that language are required to place $20,000 in escrow with the Government of PEI. This language deposit will be returned should the applicant demonstrate moderate language skills, in English or French, after arrival in PEI.
7. A combination of age, education, language skills and transferable management skills. The ideal candidate to the PEI PNP is/has:

• less than 55 years of age;
• a minimum 14 years of education, including one (or more) post-secondary certificates or degrees;
• capable of being interviewed in English or French;
• several years of management (or, preferably, business ownership) experience in a sector with relevance to the PEI economy.
8. PEI will accept applicants who are not yet able to speak English or French - some of the finest applicants fall into this category - but, lack of skills in one of these languages must be offset by strengths in education or transferable management skills. Similarly, exceptional transferable management skills may offset a lack of post-secondary education.

Immigrant Entrepreneurs are required to submit an application fee of $2,500 with their application.