Current:Home > MarketsMoving abroad can be expensive: These 5 countries will 'pay' you to move there -Aspire Money Growth
Moving abroad can be expensive: These 5 countries will 'pay' you to move there
View
Date:2025-04-14 07:19:21
- 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! (12569)
Related
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- Some millennials ditch dating app culture in favor of returning to 'IRL' connections
- Judge says civil trial over Trump’s real estate boasts could last three months
- Phoenix has set another heat record by hitting 110 degrees on 54 days this year
- NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
- Huawei is releasing a faster phone to compete with Apple. Here's why the U.S. is worried.
- Greece hopes for investment boost after key credit rating upgrade
- College football Week 2: Six blockbuster games to watch, including Texas at Alabama
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- Andy Reid deserves the blame for Chiefs' alarming loss to Lions in opener
Ranking
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- All the Behind-the-Scenes Secrets You Should Know While You're Binge-Watching Suits
- IRS targets 1,600 millionaires who owe at least $250,000
- Trump, DeSantis and other 2024 GOP prospects vie for attention at Iowa-Iowa State football game
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- Vicky Krieps on the feminist Western ‘The Dead Don’t Hurt’ and how she leaves behind past roles
- A man convicted of murder in Massachusetts in 1993 is getting a new trial due to DNA evidence
- Kim Jong Un hosts Chinese and Russian guests at a parade celebrating North Korea’s 75th anniversary
Recommendation
Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
Puzzlers gather 'round the digital water cooler to talk daily games
Puzzlers gather 'round the digital water cooler to talk daily games
Judge says civil trial over Trump’s real estate boasts could last three months
Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
How to watch NFL RedZone: Stream providers, start time, cost, host, more
Rita Wilson talks ‘My Big Fat Greek Wedding 3,’ surprise ‘phenomenon’ of the original film
Dolphins QB Tua Tagovailoa not worried about CTE, concussions in return