Current:Home > StocksMoving abroad can be expensive: These 5 countries will 'pay' you to move there -BeyondWealth Network
Moving abroad can be expensive: These 5 countries will 'pay' you to move there
View
Date:2025-04-16 17:48:22
- 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! (987)
Related
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- What a Thrill! See the Cast of Troop Beverly Hills Then and Now
- Heat records keep puzzling, alarming scientists in 2024. Here's what to know.
- West Virginia wildfires: National Guard and rain help to battle blazes, see map of fires
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- Princess Diana’s Brother Charles Spencer Responds to Kate Middleton's Cancer News
- Amazon Has Major Deals on Beauty Brands That Are Rarely on Sale: Tatcha, Olaplex, Grande Cosmetics & More
- Gisele Bündchen Denies Cheating on Ex Tom Brady and Confirms She's Dating Again
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- King Charles III Is Feeling Frustrated Amid His Cancer Recovery, Royal Family Member Says
Ranking
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- King Charles III and Princess Kate have cancer. What they've said, what to know
- How a suspicious package delivered to a Colorado dentist's office sparked a murder investigation
- Princess Diana’s Brother Charles Spencer Responds to Kate Middleton's Cancer News
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- Former gaming executive sentenced to death in poisoning of billionaire Netflix producer in China
- March Madness picks: Our Saturday bracket predictions for 2024 NCAA women's tournament
- The Highs and Lows of Oprah Winfrey's 50-Year Weight Loss Journey
Recommendation
This was the average Social Security benefit in 2004, and here's what it is now
Princess Kate has cancer and is asking for privacy – again. Will we finally listen?
Pennsylvania teen accused of killing 12-year-old girl, sentenced to 15 to 40 years
March Madness Sweet 16 dates, times, TV info for 2024 NCAA Tournament
Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
Mega Millions winning numbers for March 22 drawing: Lottery jackpot soars to $977 million
Mega Millions winning numbers for March 22 drawing: Lottery jackpot soars to $977 million
Elmo advises people to hum away their frustrations and anger in new video on mental health