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Island Government: Residency Status and Immigration Program

island government: The immigration program has faced criticism for granting permanent residency status -- a coveted step towards full citizenship -- before businesses were set up and people actually moved to P.E.I. Under the program, the applicants provide the Island government with a 200,000 refundable deposit, and commit to invest 150,000 and manage a firm, according to CTV. A spokesman for the Office of Immigration says in 2016-17 over half of all the 269 applicants who had completed their agreements forfeited their deposit and never opened a business, raising 18 million for the small province. The provincial government said Wednesday it will no longer accept applications from immigrants looking to set up a business on the Island in the entrepreneur stream of the Provincial Nominee Program. In addition, last year The Canadian Press reported on how three international students were asked by owners of businesses created under the program to return a portion of their wages to the business immigrants. Progressive Conservative Leader James Aylward said Wednesday the program bred public distrust and should have been cancelled years ago. In one case, a student said he was fired when he refused, and in two other cases, the students said they agreed to give back a portion of their income in cash. ( As reported in the news.