Current:Home > MarketsMoving abroad can be expensive: These 5 countries will 'pay' you to move there -NextFrontier Finance
Moving abroad can be expensive: These 5 countries will 'pay' you to move there
View
Date:2025-04-16 11:14:10
- 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! (791)
Related
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- Chelsea Handler on her new Las Vegas residency, today's political moment and her dog Doug
- The starter home launched generations of American homeowners. Can it still deliver?
- US Open Day 3 highlights: Coco Gauff cruises, but title defense is about to get tougher
- Tom Holland's New Venture Revealed
- Barry Keoghan Hints at Sabrina Carpenter Relationship Status Amid Split Rumors
- Brittni Mason had no idea she was eligible for Paralympics. Now she's chasing gold
- Baltimore ‘baby bonus’ won’t appear on ballots after court rules it unconstitutional
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Ukraine says one of its Western-donated F-16 warplanes has crashed
Ranking
- Buckingham Palace staff under investigation for 'bar brawl'
- Angelina Jolie dazzles Venice Film Festival with ‘Maria,’ a biopic about opera legend Maria Callas
- Average rate on a 30-year mortgage eases to 6.35%, its lowest level in more than a year
- How Patrick Mahomes Helps Pregnant Wife Brittany Mahomes Not Give a “F--k” About Critics
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- Caitlin Clark sets WNBA rookie record for 3s as Fever beat Sun and snap 11-game skid in series
- Lawyers for man charged in deaths of 4 Idaho students say strong bias means his trial must be moved
- Raise from Tennessee makes Danny White the highest-paid athletic director at public school
Recommendation
Taylor Swift makes surprise visit to Kansas City children’s hospital
Falcons trading backup QB Taylor Heinicke to Chargers
How Northwestern turned lacrosse field into unique 12,000-seat, lakeside football stadium
Shania Twain's Husband Frédéric Thiébaud Gives Glimpse Inside Their Love Story on Her Birthday
Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
4 killed, 10 injured when passenger van rolls several times in Texas highway crash
California lawmakers pass bill that could make undocumented immigrants eligible for home loans
How Northwestern turned lacrosse field into unique 12,000-seat, lakeside football stadium