Current:Home > reviewsMoving abroad can be expensive: These 5 countries will 'pay' you to move there -WealthTrail Solutions
Moving abroad can be expensive: These 5 countries will 'pay' you to move there
View
Date:2025-04-17 18:40:47
- 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! (57971)
Related
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- Want to be a Roth IRA millionaire? 3 tips all retirees should know
- NFL wants $25 billion in revenues by 2027. Netflix deal will likely make it a reality.
- Rafael Nadal ousted in first round at French Open. Was this his last at Roland Garros?
- How breaking emerged from battles in the burning Bronx to the Paris Olympics stage
- Former President Donald Trump attends Coca-Cola 600 NASCAR race
- Low percentage of Americans in military is deeply problematic as a democracy, Rep. Pat Ryan says
- Man who pleaded guilty to New Mexico double homicide is recaptured after brief escape
- Blake Lively’s Inner Circle Shares Rare Insight on Her Life as a Mom to 4 Kids
- Are grocery stores open on Memorial Day 2024? Stores hours and details on Costco, Walmart, more
Ranking
- Plunge Into These Olympic Artistic Swimmers’ Hair and Makeup Secrets
- Q&A: Should We Be Having Babies In a Warming World?
- Kourtney Kardashian Reacts to Son Mason Disick Officially Joining Instagram
- Mike Tyson Suffers Medical Emergency on Flight to Los Angeles
- Beware of giant spiders: Thousands of tarantulas to emerge in 3 states for mating season
- In the 4 years since George Floyd was killed, Washington can't find a path forward on police reform
- Batting nearly .400 with Padres, hitting wizard Luis Arráez has been better than advertised
- Patricia Richardson says 'Home Improvement' ended over Tim Allen pay gap
Recommendation
The Daily Money: Spending more on holiday travel?
Indianapolis 500 weather updates: Start of 2024 race delayed by thunderstorms
Horoscopes Today, May 25, 2024
Full transcript of Face the Nation, May 26, 2024
Most popular books of the week: See what topped USA TODAY's bestselling books list
Horoscopes Today, May 25, 2024
Texas runoffs put Republican Rep. Tony Gonzales, state’s GOP House speaker in middle of party feud
Kate Middleton and Prince William Mourn Death of RAF Pilot After Spitfire Crash