Current:Home > StocksMoving abroad can be expensive: These 5 countries will 'pay' you to move there -FundGuru
Moving abroad can be expensive: These 5 countries will 'pay' you to move there
View
Date:2025-04-14 19:55:37
- 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! (971)
Related
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- IRS extends Oct. 15 tax deadline for states hit by hurricanes, severe weather
- Why Kerry Washington Thinks Scandal Would Never Have Been Made Today
- R. Kelly's daughter Buku Abi claims singer father sexually assaulted her as a child
- Could your smelly farts help science?
- Twin brothers Cameron, Cayden Boozer commit to Duke basketball just like their father
- California Senate passes bill aimed at preventing gas price spikes
- Horoscopes Today, October 11, 2024
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- American Pickers Star Frank Fritz's Cause of Death Revealed
Ranking
- Senate begins final push to expand Social Security benefits for millions of people
- Opinion: Hurricanes like Milton are more deadly for disabled people. Prioritize them.
- Influencer Averii Shares Bizarre Part of Being Transgender and Working at Hooters
- Tap to pay, Zelle and Venmo may not be as secure as you think, Consumer Reports warns
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Sister Wives' Christine Brown Shares the Advice She Gives Her Kids About Dad Kody Brown
- What to watch: A new comedy better than a 'SNL' Weekend Update
- Singer El Taiger Dead at 37 One Week After Being Found With Gunshot Wound to the Head
Recommendation
Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
Colorado officer who killed Black man holding cellphone mistaken for gun won’t be prosecuted
Erin Andrews Reveals Why She's Nervous to Try for Another Baby
Jury finds ex-member of rock band Mr. Bungle guilty of killing his girlfriend
Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
Nevada high court to review decision in ex-Raiders coach Jon Gruden’s lawsuit over NFL emails
Why 'Terrifier 3' star David Howard Thornton was 'born to play' iconic Art the Clown
Massachusetts pharmacist gets up to 15 years in prison for meningitis outbreak deaths