As opposed to EPs, you only get one PEP issued and they last 5 years. Once your time is up, you're either meant to be a PR or your back onto an EP. They upped the minimum salary requirements to 12k/month a few years ago.

There's a long-term visit pass (LTVP), which is what I hold. LTVP holders may be given a pre-approved letter of consent (PLOC) which allows them to seek employment basically as freely as a PR (I also hold a PLOC).

There used to be a "red card," or a 10 year renewable visa for high net worth individuals (1m+ if I remember correct)