Current:Home > StocksMoving abroad can be expensive: These 5 countries will 'pay' you to move there -Infinite Edge Capital
Moving abroad can be expensive: These 5 countries will 'pay' you to move there
View
Date:2025-04-14 19:35:41
- 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! (816)
Related
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- Artem Chigvintsev Returns to Dancing With the Stars Ballroom Amid Nikki Garcia Divorce
- Why Dolly Parton Is a Fan of Taylor Swift and Travis Kelce's Little Love Affair
- Ryan Reynolds Makes Dream Come True for 9-Year-Old Fan Battling Cancer
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Human head washes ashore on Florida beach, police investigating: reports
- Detroit Mayor Mike Duggan says next year will be his last in office; mum on his plans afterward
- Bull doge! Dogecoin soars as Trump announces a government efficiency group nicknamed DOGE
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- NBA players express concern for ex-player Kyle Singler after social media post
Ranking
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- Detroit Mayor Mike Duggan says next year will be his last in office; mum on his plans afterward
- Elton John Details Strict Diet in His 70s
- Black and Latino families displaced from Palm Springs neighborhood reach $27M tentative settlement
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- Kathy Bates likes 'not having breasts' after her cancer battle: 'They were like 10 pounds'
- Lady Gaga Joins Wednesday Season 2 With Jenna Ortega, So Prepare to Have a Monster Ball
- Wildfires burn on both coasts. Is climate change to blame?
Recommendation
Intel's stock did something it hasn't done since 2022
Massive dust storm reduces visibility, causes vehicle pileup on central California highway
Record-setting dry conditions threaten more US wildfires, drinking water supplies
Martha Stewart playfully pushes Drew Barrymore away in touchy interview
Arkansas State Police probe death of woman found after officer
Best fits for Corbin Burnes: 6 teams that could match up with Cy Young winner
A wayward sea turtle wound up in the Netherlands. A rescue brought it thousands of miles back home
What do nails have to say about your health? Experts answer your FAQs.