Permanent residency refers to a person’s Resident status in a country of which they are not a citizen. This is usually for an indefinite period; a person with such status is known as a permanent resident.
Not every country allows permanent residency. Rights and application may vary widely.
All European Union countries have a facility for someone to become a permanent resident, as EU legislation allows an EU national who moves to another EU country to attain permanent resident status after residing there for five years.
For Indians the popular destinations are found to be Australia, New Zealand, Canada etc.
Statistics released in the CGU Migrant Small Business Report reveal that one third of all Australian small businesses are owned and run by migrants. While many Australian citizens may believe or argue that migrants can be taxing on the Australian economy, these statistics prove that in fact they contribute quite considerably to the Australian economy. The level of education and revenue in the surveyed small business owners also showed that 51% of migrant business owners have a bachelor degree or higher, compared to 38% of Australian-born business owners, while migrant-owned businesses annual revenue was 53% higher than their non-migrant competitors. This interestingly shows that not only are migrants contributing they are also more qualified to do so.
What permanent residents can do
As a permanent resident, you have the right to:
Saju has guided hundreds of professionals like Doctors, Engineers, Chartered Accountants, Social Workers, other health care professionals etc to migrate to Australia, New Zealand, Canada etc.
Contact Saju Abraham today for your service needs.