Current:Home > ScamsMoving abroad can be expensive: These 5 countries will 'pay' you to move there -WealthSync Hub
Moving abroad can be expensive: These 5 countries will 'pay' you to move there
View
Date:2025-04-11 12:41:33
- 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! (69)
Related
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- Logan Airport ‘not an appropriate place’ for migrants arriving daily, Massport CEO says
- New York authorities make 'largest-ever seizure' of counterfeit goods worth more than $1B
- COSRX Snail Mucin: Everything You Want to Know About the Viral Beauty Product but Were Afraid to Ask
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Remains found in remote Arizona desert in 1992 identified as missing teen girl, police say
- Rapper Sean Diddy Combs accused of rape, abuse by ex-girlfriend Cassie Ventura in lawsuit
- Dwyane Wade Reveals the Secret to His and Gabrielle Union's Successful Marriage
- The Best Stocking Stuffers Under $25
- Pilot suffers minor injuries in small plane crash in southern Maine
Ranking
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- DeSantis appointees seek Disney communications about governor, laws in fight over district
- Fox Sports' Charissa Thompson Reacts to Backlash Over Her Comments About Fabricating Sideline Reports
- Trump returns to Iowa for another rally and needles the state’s governor for endorsing DeSantis
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- George Brown, drummer and co-founder of Kool & The Gang, dead at 74
- Former Nigerian central bank chief arraigned and remanded in prison for alleged fraud
- The Excerpt podcast: Body of Israeli abducted in Hamas rampage found
Recommendation
What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
Honda recalls almost 250,000 Pilot, Odyssey and other vehicles. See the list.
George 'Funky' Brown, Kool & The Gang co-founder and drummer, dies at 74
Joe Jonas Keeps His and Sophie Turner's Daughters Close to His Heart With New Tattoo
Moving abroad can be expensive: These 5 countries will 'pay' you to move there
$1 million teacher prize goes to Sister Zeph. Her philosophy: 'Love is the language'
Iowa's evangelical voters have propelled candidates to victory in Iowa in the past. Will they stick with Trump?
Rare zombie disease that causes deer to excessively drool before killing them found in Yellowstone