Current:Home > ScamsMoving abroad can be expensive: These 5 countries will 'pay' you to move there -ProfitSphere Academy
Moving abroad can be expensive: These 5 countries will 'pay' you to move there
Will Sage Astor View
Date:2025-04-06 09:42:44
- 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! (19)
Related
- The Best Stocking Stuffers Under $25
- Survivor Host Jeff Probst Shares the Strange Way Show Is Casting Season 50
- Vermont police officer facing charge of aggravated assault during arrest
- New Federal Report Details More of 2023’s Extreme Climate Conditions
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- Convicted drug dealer whose sentence was commuted by Trump charged with domestic violence
- Florida State, ACC complete court-ordered mediation as legal fight drags into football season
- Make the Viral 'Cucumber Salad' With This Veggie Chopper That's 40% Off & Has 80,700+ 5-Star Reviews
- Stamford Road collision sends motorcyclist flying; driver arrested
- A big Social Security shake-up is coming in 2025. Are you prepared?
Ranking
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- A teen’s murder, mold in the walls: Unfulfilled promises haunt public housing
- BMW recalls over 720,000 vehicles due to water pump malfunction that may cause a fire
- Best fantasy football value picks? Start with Broncos RB Javonte Williams
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Stranger Things' Priah Ferguson Talks Finale & Bath & Body Works Drop—Including an Eddie’s Jacket Candle
- Gun rights activists target new Massachusetts law with lawsuit and repeal effort
- Weight loss drugs sold online offer cheaper alternative to Ozempic, Wegovy. Are they safe?
Recommendation
California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
Pharmacist blamed for deaths in US meningitis outbreak expected to plead no contest in Michigan case
What causes warts on hands? Here's what types of HPV can trigger this contagious skin condition.
Southern Arizona man sought for alleged threats against Trump as candidate visits border
DoorDash steps up driver ID checks after traffic safety complaints
What polling shows about Americans’ views of Robert F. Kennedy Jr.
Savannah Chrisley shares touching email to mom Julie Chrisley amid federal prison sentence
FDA approves updated COVID-19 vaccines, shots should be available in days