Current:Home > StocksMoving 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
View
Date:2025-04-18 14:02:03
- 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! (86239)
Related
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- Takeaways of AP report on sexual misconduct at the CIA
- High school comedy 'Bottoms' is violent, bizarre, and a hoot
- Starbucks Pumpkin Spice Lattes return; new pumpkin cold brew, chai tea latte debut for fall
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- WWE Champion Bray Wyatt Dead at 36
- MLB's toughest division has undergone radical makeover with Yankees, Red Sox out of power
- COVID hospitalizations climb 22% this week — and the CDC predicts further increases as new variants spread
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- See Rudy Giuliani's mug shot after the embattled Trump ally turned himself in at Fulton County Jail
Ranking
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- Man Detained Outside of Drew Barrymore’s Home Days After NYC Stage Encounter
- How Kim Cattrall Returned as Samantha in And Just Like That Season 2 Finale
- When does 'The Morning Show' Season 3 come out? Release date, cast, trailer
- SFO's new sensory room helps neurodivergent travelers fight flying jitters
- Radio announcer Suzyn Waldman fed up with 'boring,' punchless Yankees
- This summer has been a scorcher. DHS wants communities to plan for more of them
- Gun control already ruled out, Tennessee GOP lawmakers hit impasse in session after school shooting
Recommendation
Sonya Massey's father decries possible release of former deputy charged with her death
'Hawaii is one family': Maui wildfire tragedy ripples across islands
South Korea runs first civil defense drills in years, citing North Korea's missile provocations
UK: Russian mercenary chief’s likely death could destabilize his private army
The Best Stocking Stuffers Under $25
Gun control already ruled out, Tennessee GOP lawmakers hit impasse in session after school shooting
BTK killer's Kansas home searched in connection to unsolved missing persons and murder cases
WWE Champion Bray Wyatt Dead at 36