With Permanent Residence status, you can live and work abroad indefinitely. It comes with a lot of advantages; whereas, the rules for each country offering such status differ.
Countries currently offering migration:
You can live, work, study, and start a business anywhere in the nation with permanent residency. Social Security, medical insurance, and financial benefits will all be available to you.
Why should you apply for a PR?
Employers prefer employees with PR visas, therefore if you have an Australian PR, your chances of landing a job in Australia are improved.
You can pursue a job in quickly expanding industries in Canada if you have a permanent resident visa. Like everyone else, you'll receive tax benefits, and if an accident occurs, workers' compensation will cover it.
A person with a PR visa will enjoy most of the same rights and privileges as a citizen of the country, except the ability to vote, express political opinions, and hold important government posts.
Status and privileges
If you have a PR, you can enter the country with your family, including your parents. Moreover, your kids can attend school for free.