Whatever you do though, it is important to remember that it is a legal requirement in Spain to declare all income, and all self-employed people will need to register as “autonomos” to ensure they pay social security charges each month.
- House maintenance - many expats find employment from other expats who do not permanently live in Spain; they may need someone to look after their property, swimming pool and garden when they are away and prefer to deal with people who speak English fluently. If you have necessary skills, this could be a good source of income, but competition can be strong! Make sure you do some homework in your area before you launch yourself into this activity – check what others are charging, work out what is financially viable for you and decide upon which service/s you want to offer.
- Translation - Spanish speakers are likely to find work translating into English, whether this is for a company, a tourist brochure, local authority or accompanying expats to various government agencies. Providing your charges are reasonable (research others doing the same in your local area), this can be a lucrative way to make extra money. Good translators are often in short supply.
- Teaching English - many expats give private English lessons, and some teach in schools too (although you will need to have qualifications to do the latter, such as TEFL). Private lessons may sound like an easy option, but remember that you will need to spend time preparing the course, each lesson and, if you have several private students, you will need to tailor each course individually. You should be able to earn between €15-25 (approx. £12 – 21) an hour, but that is for the lesson itself, not for the preliminary work which is unpaid.
- Set up your own expat link - if you are good with computers and connecting people, why not create your own website offering information for expats in your local area? There are franchises available for sites that are already established in Spain or other European countries and already enjoy a healthy following.
- Use your current SKILLS - If you had your business or enterprise in the UK, why not look into the possibilities of carrying it on once in Spain. Are you an IT expert? Do you know about satellite TV? Can you repair computers? Were you a hairdresser or dressmaker? Basically, can you offer a service other expats will want or need? Do you like dogs? If so, dog walking can be lucrative. It is important to remember, however, that there are currently very high levels of unemployment in Spain, with local companies more likely to employ an indigenous Spaniard if they can. It may be a good idea to look just at the expat community at first – and if you are ready to work hard and can provide a useful and professional service there are a wealth of possibilities available.
Whichever method you choose for earning that much-needed cash, make sure that when the time comes to transfer money from your UK account to Spain or back to the UK in order to pay for your various bills and commitments, you employ the services of a currency expert like Smart Currency Exchange. Smart Currency offers exchange rates that are typically up to 4 per cent better than those offered by your bank, and you don’t need us to tell you that this can equate to quite a substantial saving each and every time you make your regular payment. To read more about how they can help you secure rates and guide you through the process, download their free report here.