Permanent residence (PR) is the status when you have permanently settled in the UK. You can stay and work forever in the UK. You can also apply after 12 months for British citizenship. Your permanent residence depends on the situation because there is a different way to get a permanent resident in the UK. You can apply for permanent residence in the UK if you have spent 5 years or more in the UK.
But there is the difference that you can not avail of the “Indefinite leave to remain” on the Tier 2 work visa that is issued to the people who have worked for a UK company from abroad and transferred to work on some specific projects. You can also apply for permanent residence on some visa after 2 years of living in the UK. Segregation is the type of visa you already have for living in the UK. For permanent residence, the basic requirement is English proficiency and legitimate documents.
Immigration Advisers team of consultants is always in contact with every client who wants permanent residence in the UK. If you are the citizenship of the European Union but do not go for “Indefinite leave to remain” then apply for EU settlement.