- October 27, 2024
- Posted by: admin
- Category: Consulting
What Are the Alternative Residence Types After the Golden Visa?
The alternative types of residence permits after the Golden Visa demonstrate that a wide range of visas can actually be obtained. In Spain, where there are many different types of visas and a specialized application procedure, the institution of residence permits plays an active role in enabling individuals and, in certain cases, their families to obtain residence permits in Spain, later work permits, and under certain conditions, citizenship.
To ensure that these processes are carried out in accordance with the proper procedure, it is important to benefit from the knowledge and experience of expert consultants who can follow up on the procedures both in Turkey and Spain. It is known that this should be considered to obtain the requested visa more quickly and at a lower cost.
Temporary and Permanent Residence Visas in Spain
The types of residence visas in Spain grant individuals or families the right to live and reside in the country. However, these types of visas do not grant any special rights regarding the ability to work. Individuals and families who hold these types of visas gain the right to free movement, as in all of Europe. After the first year of obtaining a visa, it is possible to extend the residence permit to include a work permit. The type of visa that does not grant the right to work is generally evaluated in two categories: “temporary” and “permanent.”
When considering other residence permits, the temporary residence permit is the type of visa applied for the purpose of residing in Spain for a period between 90 days and 5 years. This is based on the principle that individuals must reside in Spain during this time, as required by Spanish law.
Individuals who apply to the Spanish consulate with the necessary documents, including their spouse and children if applicable, can obtain a temporary residence permit under the Golden Visa. The most important point to note here is that non-profit residence permits only grant the right to reside. Although the Spanish government provides great conveniences, residence permits are granted under certain conditions.
The relevant legal regulations can be evaluated within the following criteria:
- Being a citizen of a country other than the European Union
- Having no criminal record
- Not having previously entered or exited Spain illegally
- Having valid health insurance
From the second year of obtaining the visa, it is possible to extend the visa and convert it into a work permit if the applicant starts a business or finds employment.
Other Residence Permit Options Besides the Golden Visa
Other residence permit options besides the Golden Visa are clearly defined by the Spanish government. The Spanish government has categorized residence permits as applications for “investors,” “highly skilled professionals,” and “entrepreneurs.” In this respect, laws have been enacted to support these individuals and grant them residence permits.
The Golden Visa is one of these. It is granted to individuals who invest in real estate with an amount of 500,000 Euros or more as a residence and work permit in Spain. For those seeking alternatives to this type of visa, applications for the Spain Entrepreneur Visa can be made. It is granted to those who wish to work in the country with options different from traditional and ordinary job fields. The Ankara Agreement Visa is different from this. However, it can be an alternative to the Golden Visa by being granted to those engaged in traditional business sectors.
Differences Between Work Permits for Highly Skilled Professionals and the Golden Visa
The differences between work permits for highly skilled professionals and the Golden Visa can be assessed by those who wish to pursue this path. The work visa for highly skilled professionals covers individuals in upper-level employment positions. For upper-level managers and university graduates who have received job offers from Spain, this can be an alternative to the Golden Visa for residence and work permits.
Applicants for this visa are required to submit information and documents such as diplomas, certificates, resumes, and language proficiency. The visa granted to professionals in managerial positions covers residence and work permits for 1 year. Depending on the success of the business, it is also possible to extend the period.