Current:Home > ContactMoving 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:2025-04-14 19:04:49
- 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! (211)
Related
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- Fanatics founder Michael Rubin says company unfairly blamed for controversial new MLB uniforms
- Caitlin Clark's scoring record doesn't matter. She's bigger than any number
- Attorneys for Trump, Fani Willis spar at final hearing over removing district attorney from Trump Georgia case
- Buckingham Palace staff under investigation for 'bar brawl'
- Trove of ancient skulls and bones found stacked on top of each other during construction project in Mexico
- Got COVID? CDC says stay home while you're sick, but drops its 5-day isolation rule
- Toyota recalls 381,000 Tacoma trucks in the U.S. over potential rear-axle shaft defect
- The seven biggest college football quarterback competitions include Michigan, Ohio State
- After nearly a decade, Oprah Winfrey is set to depart the board of WeightWatchers
Ranking
- Shilo Sanders' bankruptcy case reaches 'impasse' over NIL information for CU star
- Can 17-year-old 'Euphoria' star become boxing's next big thing? Jake Paul thinks so
- 'Wait Wait' for March 2, 2024: Live in Austin with Danny Brown!
- 'No minimum age to start': Illinois teen says investing young allowed her to buy Tesla
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Warby Parker offering free solar eclipse glasses ahead of 'celestial spectacle': How to get them
- House Republicans demand info from FBI about Alexander Smirnov, informant charged with lying about Bidens
- Ex-NFL player Chad Wheeler sentenced to 81 months in prison; survivor of attack reacts
Recommendation
Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
New Jersey businessman pleads guilty and agrees to cooperate in case against Sen. Bob Menendez
Video captures rare sighting: A wolverine running through an Oregon field
'Goodnight, Odie:' Historic Odysseus lunar lander powers down after a week on the moon
Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
Americans are saving less and spending more. Could that raise the risk of recession?
Not your typical tight end? Brock Bowers' NFL draft stock could hinge on value question
Woman behind viral 'Who TF Did I Marry' series opens up in upcoming TV interview