Current:Home > StocksMoving abroad can be expensive: These 5 countries will 'pay' you to move there -×
Moving abroad can be expensive: These 5 countries will 'pay' you to move there
Chainkeen View
Date:2025-04-07 22:57:35
- 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! (77661)
Related
- Meta donates $1 million to Trump’s inauguration fund
- Abercrombie’s Secret Sale Has Tons of Fall Styles & Bestsellers Starting at $11, Plus an Extra 25% Off
- Reality TV star Julie Chrisley to be re-sentenced in bank fraud and tax evasion case
- First US high school with an all-basketball curriculum names court after Knicks’ Julius Randle
- The Daily Money: Spending more on holiday travel?
- Senate approves criminal contempt resolution against Steward Health Care CEO
- New Study Finds Lakes in Minority Communities Across the US Are Less Likely to be Monitored
- After Marcellus Williams is executed in Missouri, a nation reacts
- The Super Bowl could end in a 'three
- Wisconsin mayor carts away absentee ballot drop box, says he did nothing wrong
Ranking
- Travis Hunter, the 2
- Takeaways from an AP and Texas Tribune report on 24 hours along the US-Mexico border
- Dancing With the Stars’ Danny Amendola Sets Record Straight on Xandra Pohl Dating Rumors
- Women’s only track meet in NYC features Olympic champs, musicians and lucrative prize money
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- Every J.Crew Outlet Order Today Includes Free Shipping, Plus an Extra 50% off Sale -- Styles Start at $9
- Back with the Chiefs, running back Kareem Hunt wants to prove he’s matured, still has something left
- Mel Gibson Makes Rare Public Appearance With His Kids Lucia and Lars
Recommendation
Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
East Bay native Marcus Semien broken-hearted to see the A's leaving the Oakland Coliseum
Coca-Cola Spiced pulled from shelves less than a year after drink's release
New Study Finds Lakes in Minority Communities Across the US Are Less Likely to be Monitored
Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
First and 10: Georgia-Alabama clash ushers in college football era where more is always better
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Ego Trip
Resentencing for Lee Malvo postponed in Maryland after Virginia says he can’t attend in person