Permanent Resident Visa
The Permanent Residency (PR) Visa permits you and to live and work in a country permanently. The permanent residency status in any nation allocates you several advantages similar to a resident of that nation. Though the benefits of Permanent Residency Status are different in all the countries. A PR visa holder can get citizenship status upon meeting specific requirements. As a PR visa holder can start your own business. You will enjoy social security benefits, healthcare benefits, eligibility for pensions, and help in searching for a job.
Financial benefits:
The financial benefits are access to jobs with better pay, tax rebates, and compensation in case of any illness. For instance, if you have an Australian PR, you have better chances of landing a job in Australia because employers prefer hiring people like you. They prefer not to go through the hassles of hiring someone without a work permit.
In case you are a PR visa holder in Canada, you will get access to job opportunities in fast-growing industries. You get job opportunities that promise better pay. You and your spouse can get jobs in shorter time frames. You will enjoy tax rebates like other citizens and be eligible for workers’ compensation in case of an accident.
With the Canada PR, you can even start your business and gain access to the benefits of NAFTA (North American Free Trade Agreement) if it will help your business.
In the case of Australia, the other financial benefits for PR visa holders include the right to buy a residential property and even get a bank loan for it. You can even get financial grants if you are buying your first home here.
You will also get access to student loans if you want to study in any university in Australia.
Social security and healthcare benefits:
With a PR visa, you get access to social security benefits. You get these benefits in case you lose your job. As a permanent resident, you are eligible for pension benefits after retirement.
A PR visa holder gets access to the public healthcare system of the country. In Australia, PR visa holders gain access to the Medicare program run by the government. This provides free treatment in public hospitals and subsidized charges for medical services and treatment.
In Canada, permanent residents and their family members get access to its world-class public healthcare system.
Personal benefits:
A PR visa allows you to bring your family and even your parents to the country. A PR visa provides free education for your children. You and your family can enjoy a better quality of life with a PR visa.
A PR visa promises many benefits when you want to migrate to another country. However, the application process, eligibility requirements, required documents vary in each country. The decision to apply for a PR visa and where to apply for it must be taken after considering multiple factors. Take the help of an immigration consultant for the right guidance.