{"id":181910,"date":"2018-09-17T03:07:11","date_gmt":"2018-09-17T07:07:11","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=181910"},"modified":"2018-09-17T03:07:11","modified_gmt":"2018-09-17T07:07:11","slug":"pei-closing-two-controversy-plagued-entrepreneur-streams","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2018\/09\/17\/pei-closing-two-controversy-plagued-entrepreneur-streams\/","title":{"rendered":"PEI closing two controversy-plagued entrepreneur streams"},"content":{"rendered":"
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\u201cConcerns were raised over the number of deposits being forfeited once an immigrant arrived on Prince Edward Island and failed to open a business, keep it open, or decided to move to a different province after already receiving permanent residency,\u201d PEI\u2019s government said in a news release. (Photo<\/a> By Dennis Jarvis\/Flickr,<\/a> CC BY-SA 2.0<\/a>)<\/figcaption><\/figure>\n

The Atlantic Province of Prince Edward Island announced today that it is eliminating its 100% Ownership and Partial Ownership entrepreneur streams.<\/p>\n

The last draw will take place on September 20 and no more applications will be accepted after that day.<\/p>\n

The\u00a0100% Ownership<\/a>\u00a0and\u00a0Partial Ownership<\/a>\u00a0streams had been the source of controversy after a series of investigations by the federal government and various news organizations found evidence that they were being abused.<\/p>\n

The streams allowed candidates to be nominated for permanent residence by PEI in exchange for opening a business in the province. Criteria included an escrow agreement to post a CAD $200,000 deposit with the province that would be refunded in part or in full should certain conditions be met.<\/p>\n

It was revealed, however, that many of those approved for permanent residence did not open businesses on PEI.<\/p>\n

\u201cConcerns were raised over the number of deposits being forfeited once an immigrant arrived on Prince Edward Island and failed to open a business, keep it open, or decided to move to a different province after already receiving permanent residency,\u201d PEI\u2019s government said in a news release.<\/p>\n

\u201cAs a government we must ensure that our programs are working to benefit our province,\u201d said PEI\u2019s Economic Development and Tourism Minister Chris Palmer.\u00a0Minister Palmer. \u201cThis decision will ensure that our programs are working in the best interests of Islanders.\u201d<\/p>\n

The elimination of the two streams doesn\u2019t spell the end of of business immigration to the province. PEI said it will continue to accept applications through its\u00a0Work Permit Stream.<\/a><\/p>\n

Candidates through this stream are issued a temporary work permit to start their business and are only nominated for permanent residence if the terms of their performance agreement are met.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Atlantic Province of Prince Edward Island announced today that it is eliminating its 100% Ownership and Partial Ownership entrepreneur …<\/p>\n","protected":false},"author":44,"featured_media":177669,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-181910","post","type-post","status-publish","format-standard","has-post-thumbnail","category-immigration","mauthors-stephen-smith","mauthors-cic-news"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/181910","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=181910"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/181910\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/177669"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=181910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=181910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=181910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}