Current:Home > ContactMoving abroad can be expensive: These 5 countries will 'pay' you to move there -WealthMindset Learning
Moving abroad can be expensive: These 5 countries will 'pay' you to move there
Ethermac Exchange View
Date:2025-04-08 14:03:33
- 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! (76253)
Related
- Nevada attorney general revives 2020 fake electors case
- WK Kellogg to close Omaha plant, downsize in Memphis as it shifts production to newer facilities
- Elon Musk’s X sues advertisers over alleged ‘massive advertiser boycott’ after Twitter takeover
- Devin Booker performance against Brazil latest example of Team USA's offensive depth
- Rylee Arnold Shares a Long
- Olympic Pole Vaulter Anthony Ammirati Offered $250,000 From Adult Website After
- There will be no 'next Michael Phelps.' Calling Leon Marchand that is unfair
- PHOTO COLLECTION: AP Top Photos of the Day Tuesday August 6, 2024
- DoorDash steps up driver ID checks after traffic safety complaints
- Texas schools got billions in federal pandemic relief, but it is coming to an end as classes begin
Ranking
- Where will Elmo go? HBO moves away from 'Sesame Street'
- Save an Extra 20% on West Elm Sale Items, 60% on Lounge Underwear, 70% on Coach Outlet & More Deals
- Southern California rattled by 5.2 magnitude earthquake, but there are no reports of damage
- US safety board plans to quiz officials about FAA oversight of Boeing before a panel blew off a 737
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- New Yorkers are warned from the skies about impending danger from storms as city deploys drones
- USWNT's win vs. Germany at Olympics shows 'heart and head' turnaround over the last year
- 'Star Wars' star Daisy Ridley reveals Graves' disease diagnosis
Recommendation
EU countries double down on a halt to Syrian asylum claims but will not yet send people back
Hard Knocks with Bears: Caleb Williams in spotlight, Jonathan Owens supports Simone Biles
Lionel Richie Shares Insight Into Daughter Sofia Richie's Motherhood Journey
Jack Black says Tenacious D 'will be back' following Kyle Gass' controversial comments
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
Are Whole Body Deodorants Worth It? 10 Finds Reviewers Love
4 hotel employees charged with being party to felony murder in connection with Black man’s death
Chemical vs. mineral sunscreen: Dermatologists explain types of UV protection