Current:Home > reviewsMoving abroad can be expensive: These 5 countries will 'pay' you to move there -TrueNorth Capital Hub
Moving abroad can be expensive: These 5 countries will 'pay' you to move there
View
Date:2025-04-19 23:57:15
- AI-assisted summary
- Several countries are offering financial incentives to attract residents, particularly to revitalize rural areas.
- These incentives often come with stipulations, such as starting a business or renovating a property.
- Applicants should carefully consider the requirements and lifestyle implications before relocating.
If the idea of packing up your bags and moving to a new country seems like a dream come true, then you're in luck.
Moving abroad can be a lofty, often expensive process, but many places offer enticing programs that offer money to foreigners to move there. In recent years, programs such as grants to settle in Tuscan villages and Mediterranean islands selling homes for less than the price of a cup of coffee have presented tempting opportunities for aspiring expats. For many vacation-deprived Americans, they sound like the perfect anecdote to the hustle and bustle of the U.S.
It's worth noting that chosen applicants for these programs aren't exactly getting paid to live there but rather are given funding as part of their condition to relocate. "Programs offering financial incentives to move abroad, like rural Italian villages paying people to restore old homes or regions in Spain offering grants, are fantastic in concept," said Michelle Garabito, an expat and founder of the relocating community The Lux Nomads. "They’re great marketing tools designed to draw attention and revitalize areas that may be underpopulated or economically struggling."
As tempting as these offerings may seem, Garabito warns people to have "realistic expectations" and consider if their lifestyle aligns with the program's goals, which are usually aimed at reinvigorating rural, remote areas with working professionals. "While charming and picturesque, they may lack the conveniences and infrastructure that some expats are accustomed to," she said. Looking into a digital nomad visa might be a more sensible approach.
Many programs are also highly selective and have rigid requirements, so only a few may end up eligible. You may also still need to get the appropriate residency or visa to even live there.
Enjoy your worry-free vacation:Best travel insurance policies
"That said, if someone is already interested in moving abroad, programs like these can be an excellent starting point," she added. "They provide an opportunity to experience a new culture while potentially saving money or contributing to a meaningful cause."
Should I get a second passport?It can be 'a rigorous task,' but it offers something visas can't
Here are some of the countries that will pay you to move there.
Spain
For wine and history lovers, the remote Spanish region of Extremadura launched a program in late August for 200 eligible digital nomads who work in tech to receive up to €15,000 (about $15,744) if they move to one of its rural villages for at least two years. The grants were aimed at helping expats "speed up" their relocation, like by acquiring accommodations.
Chile
Outdoor enthusiasts who have an entrepreneurial spirit can apply for Start-Up Chile, an accelerator program that offers grants from 15 million Chilean pesos (about $15,150) to 75 million Chilean pesos (about $75,750) for those who want to bring their start-up business to the South American country.
Ireland
In 2023, Ireland launched a scheme called "Our Living Islands," meant to revitalize and preserve the communities of 30 rural islands off its western coast. Eligible candidates can receive up to €84,000 (about $88,179) in funding to renovate "derelict properties," although to live in the peaceful villages, they still need to follow normal immigration policies.
"As a result of delivering this policy, we will see more people living on the islands and more people working on our islands, with good career prospects, regardless of where their employer is headquartered,” Minister for Rural and Community Development Heather Humphreys said in a statement.
Japan
Japan's Regional Revitalization Corps is a program that's been working since 2008 to fix rural depopulation by recruiting expats to move to small towns and revitalize its declining populations. Those Japanese citizens of foreign descent are "hired" to move to the countryside for a salary of around 3 million yen ($19,514) to resettle in a rural town and start a business, like opening a cafe. The program is highly selective, requiring fluency in Japanese and assimilation into the culture.
Italy
Following the recent U.S. presidential election, the ancient town of Ollolai on the Mediterranean island of Sardinia recently announced a program called "Live in Ollolai" for Americans who want to leave the country. The town is surrounded by peaceful forests, so you won't be by the famous beaches that Sardinia is known for. While these potential expats aren't really given money to relocate there, the program is offering homes for as little as €1 (about $1.05) with assistance for navigating the moving process.
Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.
veryGood! (821)
Related
- Skins Game to make return to Thanksgiving week with a modern look
- Site of Israeli music festival massacre holds shocking remnants of the horrific attack
- Cricket and flag football are among five sports nearing inclusion for 2028 Los Angeles Olympics
- Michelle Williams to Narrate Britney Spears' Upcoming Memoir The Woman in Me
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- Lawsuit to block New York’s ban on gas stoves is filed by gas and construction groups
- Microsoft closes massive deal to buy Call of Duty maker Activision Blizzard
- 30 Amazon Post-Prime Day Deals That Are Still On Sale
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- State Fair of Texas evacuated and 1 man arrested after shooting in Dallas injures 3 victims
Ranking
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- 'Curlfriends: New In Town' reminds us that there can be positives of middle school
- Barrage of bomb threats emailed to schools cancels classes across the Baltic countries
- Ohio governor signs bill to help Boy Scout abuse victims receive more settlement money
- Skins Game to make return to Thanksgiving week with a modern look
- Malaysia will cut subsidies and tax luxury goods as it unveils a 2024 budget narrowing the deficit
- Holiday shipping deadlines: Postal carriers announce schedule early this year
- In New Zealand, Increasingly Severe Crackdowns on Environmental Protesters Fail to Deter Climate Activists
Recommendation
North Carolina justices rule for restaurants in COVID
Police arrest teen in Morgan State University shooting, 2nd suspect at large
Jax Taylor Shares SUR-prising Update on His Relationship With Lisa Vanderpump
Israeli twin babies found hidden and unharmed at kibbutz where Hamas killed their parents
Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
Far from Israel, Jews grieve and pray for peace in first Shabbat services since Hamas attack
How Alex Rodriguez Discusses Dating With His Daughters Natasha and Ella
The Sandlot Star Marty York's Mother Found Dead, Murder Suspect Arrested