Current:Home > StocksMoving abroad can be expensive: These 5 countries will 'pay' you to move there -消息
Moving abroad can be expensive: These 5 countries will 'pay' you to move there
Will Sage Astor View
Date:2025-04-11 07:15:35
- 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! (35949)
Related
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Seatbelt violation ends with Black man dead on Chicago street after cops fired nearly 100 bullets
- Catholic Church blasts gender-affirming surgery and maternal surrogacy as affronts to human dignity
- Former Virginia assistant principal charged with child neglect in case of student who shot teacher
- Arkansas State Police probe death of woman found after officer
- 6 ex-Mississippi officers in 'Goon Squad' torture case sentenced in state court
- 18-year-old in Idaho planned to attack more than 21 churches on behalf of ISIS, feds say
- Indiana State's Robbie Avila, breakout star of March, enters transfer portal, per reports
- Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
- New Jersey Transit approves a 15% fare hike, the first increase in nearly a decade
Ranking
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- Tax tips for college students and their parents
- Red Sox shortstop Trevor Story to undergo season-ending shoulder surgery
- New WIC rules include more money for fruits and vegetables for low-income families
- Don't let hackers fool you with a 'scam
- Love Is Blind's Jessica Vestal Shares Why She Lost Weight After Quitting the Gym
- Third channel to open at Baltimore port as recovery from bridge collapse continues
- Baltimore Orioles calling up Jackson Holliday, baseball's No. 1 prospect
Recommendation
Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
Travel With the Best Luggage in 2024, Plus On-Sale Luggage Options
EPA announces first-ever national regulations for forever chemicals in drinking water
Helen Mirren's Timeless Beauty Advice Will Make You Think of Aging Differently
US wholesale inflation accelerated in November in sign that some price pressures remain elevated
Lady Gaga Sparks Engagement Rumors With Boyfriend Michael Polansky With Applause-Worthy Diamond Ring
Abortion in Arizona set to be illegal in nearly all circumstances, state high court rules
Speaker Johnson will meet with Trump as the Republican House leader fights for his job