Current:Home > FinanceMoving abroad can be expensive: These 5 countries will 'pay' you to move there -Thrive Financial Network
Moving abroad can be expensive: These 5 countries will 'pay' you to move there
View
Date:2025-04-14 22:33:07
- 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! (79478)
Related
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- Rare snake with two heads undergoes surgery to remove ovaries. See the 'Two-headed gal'
- California doubles water allocation for most contractors following February storms
- Vanessa Hudgens’ Clay Mask Works in Just 4 Minutes: Get it for 35% Off During the Amazon Big Spring Sale
- A South Texas lawmaker’s 15
- How Olivia Culpo Is Switching Up Her Wellness Routine Ahead of Christian McCaffrey Wedding
- Here's How Jamie Lee Curtis Reacted To Chef José Andrés' Kitchen Mishap While Filming For His New Show
- Khloe Kardashian Frees the Nipple in Completely Sheer LBD
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- I'm Adding These 11 Kathy Hilton-Approved Deals to My Cart During the Amazon Big Spring Sale
Ranking
- The Grammy nominee you need to hear: Esperanza Spalding
- Deaths of dog walker, 83, and resident of a remote cabin possibly tied to escaped Idaho inmate
- Millie Bobby Brown's 'Stranger Things' co-star will officiate her wedding
- National Guard helicopters help battle West Virginia wildfires in steep terrain
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- Chrysler to recall over 280,000 vehicles, including some Dodge models, over airbag issue
- King Charles III Shares Support for Kate Middleton Amid Their Respective Cancer Diagnoses
- Casey, McCormick to appear alone on Senate ballots in Pennsylvania after courts boot off challengers
Recommendation
Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
Larsa Pippen, ex-wife of Scottie, and Marcus Jordan, son of Michael Jordan, split after 2 years
MLB launches investigation into Shohei Ohtani interpreter Ippei Mizuhara following gambling reports
Attention Blue's Clues Fans: This Check-In From Host Steve Burns Is Exactly What You Need
Don't let hackers fool you with a 'scam
Bella Hadid, Erehwon, TikTok influencers are using sea moss. Is it actually good for you?
85 years after a racist mob drove Opal Lee’s family away, she’s getting a new home on the same spot
Kamala Harris to tour blood-stained building where 2018 Florida school massacre happened