Permanent Residence is also known as PR. If you have a PR then you are eligible to travel to a country, live for a specific period of time and then apply for citizenship. However, in some countries obtaining a Permanent Visa eventually leads to citizenship. If you have a PR visa then it gives you a sense of security during your stay and provides you with perks that would not available if you have a Temporary visa. In addition, you will get lots of benefits as a normal citizen of the country except for the right to take any political decision.
Benefits of Permanent Residence
A permanent residence visa allows you to live, work and study in the region of any country as well as do business. In addition, you will be eligible for healthcare and financial benefits. You will have access to better jobs, and compensation in the event of any medical issues. If you have an Australian PR, then you have a better chance of finding a suitable job. If you have a Canadian visa, then you have a better chance to Career Opportunities in fast-growing industries.