Benefits of a Permanent Residence in Germany
Learn more about the benefits of having a German settlement permit
A German Permanent Residency offers several advantages:
Work in Germany without restrictions
Any gainful employment is permitted. It is also unlimited in time and place. This means that with a valid Permanent Residence Permit, the individual can freely choose their occupation, such as self-employment. This also entails that this residence permit is not tied to a specific job! Hence, you can change your job without having to notify the Federal Office or the Federal Employment Agency. In addition, you do not have to apply for an extension of your Residence Permit every few years.
Better credit rating
Another advantage of the unrestricted Residence Permit in Germany that should not be neglected becomes apparent when taking out a loan. If you only have a temporary right of residence in Germany, no bank will grant you a loan. It would be too uncertain whether you can really repay the loan. An unlimited settlement permit entitles you to permanent residency in Germany and significantly increases your chances of obtaining a loan from the bank.
Permanent residency in Germany gives you complete freedom of movement. This means that you can not only travel within Germany without restrictions but also leave and return without any problems. The only important thing is that you are not allowed to leave the country for longer than 6 months or with the intention to emigrate. Upon application, you may even leave Germany for longer than 6 months. This has the particular advantage that you can travel to your country of origin at any time without losing your Residence Permit in Germany.
EU Permanent Residence Permit
This unlimited Residency Permit goes beyond a temporary settlement permit. In addition to permanent living and working in Germany, a longer stay in other EU countries is also possible. Depending on the country, there is also a work permit. If this residence title was acquired in Germany, it expires for Germany, for example, only after one has resided in another EU country for 6 years.
Guaranteed Social Security
German permanent residents are entitled to social security and health insurance: this means that you have access to social benefits, such as childcare benefits, health benefits and social assistance if you lose your job or are made redundant.
Apply for financial aid to study at German universities
As a permanent resident, you can apply for financial aid to study at a German university of your choice.
Become a German national
You can apply for German citizenship after you have lived in Germany as a permanent resident for eight years.