The Prince Edward Island Impact Category issues permanent residence to entrepreneurs who have established a business in the province.

The Work Permit Stream operates on a two-stage basis:

1. Candidates come to Canada on a temporary work permit and establish their business.
2. Candidates are nominated for permanent residence once their business is established and the terms of an agreement met.

Previously, the province operated direct permanent residence business streams, but these were closed in September 2018 over immigration fraud concerns.