Permanent Residency empowers a foreign national to reside and work indefinitely in a country of which he is not a citizen. Permanent residents are usually granted some sort of documentary legal proof of this status. For example, in Canada, permanent residents are issued a photo ID card known as Permanent Resident Card. The rights and restrictions associated with permanent residency status of a person vary from country to country. Once you are granted a Permanent Residence Visa, you can enjoy its benefits in the following domains:
STAY - You will have the unrestricted right to live indefinitely in the host country.
WORK - Permanent residents have the right to take upon any profession except in the defense sector and in the public services.
TRAVEL - You will be granted the right to travel in and out of the country for the duration of your visa which is five years in general. After the expiry of the visa, you are still eligible to remain in the country.
EDUCATION - With permanent residency status, you will be entitled for free primary and secondary education in a government school. And when it comes to university education, you are eligible to avail certain education loans and associated discounts.
CITIZENSHIP - After fulfilling certain criteria, you will be eligible to apply for the country's citizenship, whereupon you will enjoy more benefits like voting rights and right to the land.
FAMILY - Permanent residents can sponsor their relatives for permanent resident visa.
COUNTRY-BORN CHILDREN - Children of permanent residents who are born in the host country are deemed to be its citizens by birth which implies that they will enjoy the maximum of education and health care benefits.
HEALTHCARE & SOCIAL WELFARE - On procuring permanent resident ship, you will have the right to access medical and social security benefits and can enjoy the privilege of health insurance schemes.
PROPERTY - A permanent resident also has the privilege to receive some incentive and waiver of stamp duty when purchasing a first home.
CREDIT RATING - With permanent residency status, your credit rating automatically goes up, thereby giving you the privilege for the approval of home loans, car loans, personal loans and credit cards.