Current:Home > InvestMoving abroad can be expensive: These 5 countries will 'pay' you to move there -DataFinance
Moving abroad can be expensive: These 5 countries will 'pay' you to move there
View
Date:2025-04-13 10:25:50
- 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! (384)
Related
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- The Daily Money: Rate cuts coming soon?
- Mexican drug cartel leader ‘El Mayo’ Zambada makes a court appearance in Texas
- Cardi B announces she's pregnant with baby No. 3 as she files for divorce from Offset
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- Biden’s new Title IX rules are all set to take effect. But not in these states.
- Florida dad accused of throwing 10-year-old daughter out of car near busy highway
- After Olympics, Turkey’s Erdogan seeks unity with Pope Francis against acts that mock sacred values
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- West Virginia Republican Gov. Jim Justice in fight to keep historic hotel amid U.S. Senate campaign
Ranking
- Arkansas State Police probe death of woman found after officer
- Alsu Kurmasheva, Russian-American journalist, freed in historic prisoner swap
- 2 New York City police officers shot while responding to robbery, both expected to survive
- Former Michigan State football coach Mel Tucker sues university over his firing
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- 2024 Olympics: Serena Williams' Husband Alexis Ohanian, Flavor Flav Pay Athlete Veronica Fraley’s Rent
- Say Goodbye to Frizzy Hair: I Tested and Loved These Products, but There Was a Clear Winner
- Macy Gray Details TMI Side Effect While Taking Ozempic
Recommendation
Buckingham Palace staff under investigation for 'bar brawl'
Woman faces life in prison for killing pregnant woman to claim her unborn child
Regan Smith, Phoebe Bacon advance to semis in women's 200-meter backstroke
Man gets prison for blowing up Philly ATMs with dynamite, hauling off $417k
Skins Game to make return to Thanksgiving week with a modern look
These Designer Michael Kors Handbags Are up 85% off Right Now & All Under $100
Can dogs eat grapes? Know which human foods are safe, toxic for your furry friends.
Chris Evans Reveals If His Dog Dodger Played a Role in His Wedding to Alba Baptista