Current:Home > MarketsMoving abroad can be expensive: These 5 countries will 'pay' you to move there -MoneyStream
Moving abroad can be expensive: These 5 countries will 'pay' you to move there
View
Date:2025-04-12 14:37:13
- 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! (474)
Related
- Louvre will undergo expansion and restoration project, Macron says
- Steve Garvey advances in California senate primary: What to know about the former MLB MVP
- No video voyeurism charge for ousted Florida GOP chair, previously cleared in rape case
- Nebraska’s new law limiting abortion and trans healthcare is argued before the state Supreme Court
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- Mississippi House votes to change school funding formula, but plan faces hurdles in the Senate
- Hoda Kotb Shares Daughter Hope Is Braver Than She Imagined After Medical Scare
- See Anne Hathaway and Nicholas Galitzine's steamy romance in trailer for 'The Idea of You'
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- Virginia man arrested after DNA links him to 2 women's cold case murders from 80s
Ranking
- The White House is cracking down on overdraft fees
- Jim Parsons and Mayim Bialik set to reunite in 'Young Sheldon' series finale
- More Black women say abortion is their top issue in the 2024 election, a survey finds
- Police continue search for missing 3-year-old boy Elijah Vue in Wisconsin: Update
- Trump wants to turn the clock on daylight saving time
- North Carolina’s Mark Harris gets a second chance to go to Congress after absentee ballot scandal
- Detroit woman charged for smuggling meth after Michigan inmate's 2023 overdose death
- Critics slam posthumous Gabriel García Márquez book published by sons against his wishes
Recommendation
Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
The Daily Money: A landmark discrimination case revisited
The Daily Money: A landmark discrimination case revisited
For social platforms, the outage was short. But people’s stories vanished, and that’s no small thing
In ‘Nickel Boys,’ striving for a new way to see
Why Beauty Babes Everywhere Love Millie Bobby Brown's Florence by Mills Pimple Patches
North Carolina’s Mark Harris gets a second chance to go to Congress after absentee ballot scandal
Report: Peyton Manning, Omaha Productions 'pursuing' Bill Belichick for on-camera role