Types of residence permits in Spain
1.-A work permit at own expense (Business)
2.-The residence permit and temporary employment
3.-Residence and work permit for legitimate (regrouped) residents
4.-Residence permit due to family reunification
5.-A visa with permission to stay at own expense without right to work
6.-Residence permit due to exceptional circumstances (rooting)
How long is the initial permit for?
The initial work permit is valid for 1 year; it is then extended for 2 years, following the extension for another 2 years. The initial work permit allows for its extension up to 5 years (in total), which is necessary in order to obtain permanent residence.
Do you have the right to obtain the residence permit in Spain by acquiring real estate?
Buying a property in Spain does not mean that you are entitled to residence permit, but it certainly plays a big role in obtaining a multi-visa. Buying a property gives the possibility of its immediate receipt, as well as being one of the necessary factors for the application for the residence permit. Spain became very popular among our fellow citizens as the ideal place for recreation and tourism in the Mediterranean. For several years now we have a special reason to love this amazing country, buying property in Spain. It is not a dream anymore, now it's reality. Investment and Law Firm will give you the opportunity to professionally implement your dreams and protect your investment, buy property on more favourable terms, and get real benefit. Spain won enormous popularity due to a combination of geographical, cultural, historical, legal and economic factors. The favourable climate and infrastructure contributes to the successful sale of real estate. Buying property is a more reasonable option than investing money in securities and depositing them in the bank, since you can then sell the purchased property and recover the money at a substantial profit.
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