The licence validity is 5 years, I do agree with that.
What I dont agree with the spanish DGAC is that the type rating is valid for 5 years also (and not 1 years as they think in madrid paseo de la noseque)!! and even if it's not updated, it has to be mentioned on the licence.
The also put "copiloto" and this is not a JAR FCL rule neither. A type rating is a type rating, it 's not the DGAC who decides copiloto or captain. Only the company decides if you are captain and you just need the ATPL licence. So, lots, lots of weird things with the spanish dgac, probably the most useless of the world!!! Even in africa or asia the local dgac are not that stupid. Dont be surprised if everybody transfers ther spanish toilet paper into a real JAR licence in another country.