Current:Home > FinanceMoving abroad can be expensive: These 5 countries will 'pay' you to move there -Elevate Capital Network
Moving abroad can be expensive: These 5 countries will 'pay' you to move there
View
Date:2025-04-13 02:40:26
- 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! (267)
Related
- Kourtney Kardashian Cradles 9-Month-Old Son Rocky in New Photo
- Kim Jong Un stops to see a fighter jet factory as Russia and North Korea are warned off arms deals
- Pentagon says surveillance flights, not counterterrorism ops, have restarted in Niger
- Apple picking season? In Colorado, you can pick your own hemp
- Bet365 ordered to refund $519K to customers who it paid less than they were entitled on sports bets
- Hunter Biden indicted on federal gun charges
- Missing plane found in southern Michigan with pilot dead at crash site
- California school district agrees to pay $27 million to settle suit over death of 13-year-old assaulted by fellow students
- Kehlani Responds to Hurtful Accusation She’s in a Cult
- California school district agrees to pay $27 million to settle suit over death of 13-year-old assaulted by fellow students
Ranking
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- 350 migrants found 'crowded and dehydrated' in trailer in Mexico, authorities say
- Tory Lanez to serve 10-year sentence in state prison after bail motion denied by judge
- About 13,000 workers go on strike seeking better wages and benefits from Detroit’s three automakers
- 'Stranger Things' prequel 'The First Shadow' is headed to Broadway
- Milwaukee suburb delaying start of Lake Michigan water withdrawals to early October
- NSYNC is back! Hear a snippet of the group's first new song in 20 years
- How hard will Hurricane Lee hit New England? The cold North Atlantic may decide that
Recommendation
Buckingham Palace staff under investigation for 'bar brawl'
Mexican drug cartels pay Americans to smuggle weapons across the border, intelligence documents show
Selena Gomez Is Proudly Putting a Spotlight on Her Mexican Heritage—On and Off Screen
Researcher shows bodies of purported non-human beings to Mexican congress at UFO hearing
What do we know about the mysterious drones reported flying over New Jersey?
How Lehman's collapse 15 years ago changed the U.S. mortgage industry
Mississippi should restore the voting rights of former felons, Democratic candidates say
Hunter Biden indicted on federal firearms charges in long-running probe weeks after plea deal failed