Current:Home > MarketsMoving abroad can be expensive: These 5 countries will 'pay' you to move there -Wealth Momentum Network
Moving abroad can be expensive: These 5 countries will 'pay' you to move there
View
Date:2025-04-12 01:47:05
- 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! (28446)
Related
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- Thousands of activists expected in Chicago for Democratic convention to call for Gaza ceasefire
- The chilling story of a serial killer with a Border Patrol badge | The Excerpt
- Jana Duggar, oldest Duggar daughter, marries Stephen Wissmann: 'Dream come true'
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- Caitlin Clark scores 29 to help Fever fend off furious Mercury rally in 98-89 win
- Investigators looking for long-missing Michigan woman find human remains on husband’s property
- Key police testimony caps first week of ex-politician’s trial in Las Vegas reporter’s death
- NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
- 'Only Murders in the Building' Season 4 is coming out. Release date, cast, how to watch
Ranking
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- Suspect in fatal shooting of Virginia sheriff’s deputy dies at hospital, prosecutor says
- Old legal quirk lets police take your money with little reason, critics say
- Tropical Storm Ernesto sends powerful swells, rip currents to US East Coast
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- DNA search prompts arrest of Idaho murder suspect in 51-year-old cold case, California police say
- Carlos Alcaraz destroys his racket during historic loss to Gael Monfils in Cincinnati
- 'Only Murders in the Building' Season 4 is coming out. Release date, cast, how to watch
Recommendation
San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
The Bama Rush obsession is real: Inside the phenomena of OOTDs, sorority recruitment
Expect Bears to mirror ups and downs of rookie Caleb Williams – and expect that to be fun
Meet Literature & Libations, a mobile bookstore bringing essential literature to Virginia
Meta releases AI model to enhance Metaverse experience
Mississippi poultry plant settles with OSHA after teen’s 2023 death
Haley Joel Osment Reveals Why He Took a Break From Hollywood In Rare Life Update
Greenidge Sues New York State Environmental Regulators, Seeking to Continue Operating Its Dresden Power Plant