Current:Home > StocksMoving abroad can be expensive: These 5 countries will 'pay' you to move there -Aspire Financial Strategies
Moving abroad can be expensive: These 5 countries will 'pay' you to move there
View
Date:2025-04-25 22:39:16
- 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! (2396)
Related
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- I Live In a 300 Sq. Ft Apartment, These Target Products Are What’s Helped My Space Feel Like Home
- Chiefs QB Patrick Mahomes says he will not endorse anybody for president
- 'All My Children' alum Susan Lucci, 77, stuns in NYFW debut at Dennis Basso show
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Could America’s divide on marijuana be coming to an end?
- 10 best new TV shows to watch this fall, from 'Matlock' to 'The Penguin'
- The echoes of Colin Kaepernick ring loudly in Tyreek Hill police detainment
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- A Power Plant Expansion Tied to Bitcoin Mining Faces Backlash From Conservative Texans
Ranking
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- Chiefs QB Patrick Mahomes says he will not endorse anybody for president
- First and 10: Texas is roaring into SEC, while Oklahoma is limping. What's up with Oregon?
- Where is 'College GameDay' for Week 3? Location, what to know for ESPN show
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- 2024 MTV VMAs: Shawn Mendes Adorably Reveals Who He Brought as Date on Red Carpet
- Fantasy football rankings for Week 2: Players to sit, start
- A Power Plant Expansion Tied to Bitcoin Mining Faces Backlash From Conservative Texans
Recommendation
Sonya Massey's father decries possible release of former deputy charged with her death
Fed official broke ethics rules but didn’t violate insider trading laws, probe finds
Singer’s lawsuit adds to growing claims against Sean ‘Diddy’ Combs
Man charged with drugging, raping women he met through ‘sugar daddy’ website
Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
Campbell wants to say goodbye to the ‘soup’ in its name. It isn’t the first to make such a change
Addison Rae Is Only Wearing Underwear at the 2024 MTV VMAs
Taylor Swift endorsed Kamala Harris. Donald Trump says he prefers Brittany Mahomes. Why?