Current:Home > NewsMoving abroad can be expensive: These 5 countries will 'pay' you to move there -MoneyBase
Moving abroad can be expensive: These 5 countries will 'pay' you to move there
Robert Brown View
Date:2025-04-08 00:51:10
- 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! (3)
Related
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- The Fires May be in California, but the Smoke, and its Health Effects, Travel Across the Country
- Kate Middleton Is Pretty in Pink at Jordan's Royal Wedding With Prince William
- 4 Ways to Cut Plastic’s Growing Greenhouse Gas Emissions
- A South Texas lawmaker’s 15
- Man faces felony charges for unprovoked attack on dog in North Carolina park, police say
- How 90 Day Fiancé's Kenny and Armando Helped Their Family Embrace Their Love Story
- Microscopic Louis Vuitton knockoff bag narrow enough to pass through the eye of a needle sells for more than $63,000
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- Yusef Salaam, exonerated member of Central Park Five, declares victory in New York City Council race
Ranking
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- How a DIY enthusiast created a replica of a $126,000 Birkin handbag for his girlfriend
- Five Mississippi deputies in alleged violent episode against 2 Black men fired or quit
- Grimes Debuts Massive Red Leg Tattoo
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Donald Trump sues E. Jean Carroll for defamation after being found liable for sexually abusing her
- Get These $118 Lululemon Flared Pants for $58, a $54 Tank Top for $19, $138 Dress for $54, and More
- Local Advocates Say Gulf Disaster Is Part of a Longstanding Pattern of Cultural Destruction
Recommendation
A South Texas lawmaker’s 15
Allow Homicide for the Holidays' Horrifying New Trailer to Scare You Stiff This Summer
Alaska Tribes Petition to Preserve Tongass National Forest Roadless Protections
Why Jury Duty's Ronald Gladden Could Be Returning to Your Television Screen
Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
Return to Small Farms Could Help Alleviate Social and Environmental Crises
Kaley Cuoco Reveals If She and Tom Pelphrey Plan to Work Together in the Future
Lake Erie’s Toxic Green Slime is Getting Worse With Climate Change