Moving abroad can be expensive: These 5 countries will ‘pay’ you to move there
- 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 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 antidote 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 money 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 whether 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 be eligible. You also might still need to get the appropriate residency or visa to even live there.
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“That said, if someone is already interested in moving abroad, programs like these can be an excellent starting point,” she said. “They provide an opportunity to experience a new culture while potentially saving money or contributing to a meaningful cause.”
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Here are some of the countries that will pay you to move there.
Spain
For wine and history lovers, the remote Spanish region Extremadura launched a program in late August for 200 eligible digital nomads who work in tech to receive up to €15,000 (about $15,750) 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, such as 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 startup business to the South American country.
Ireland
In 2023, Ireland launched an initiative 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 $88,180) to renovate “derelict properties,” although to live in the peaceful villages, they still need to follow established 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,” Heather Humphreys, minister for rural and community development, said in a statement.
Japan
Japan’s Regional Revitalization Corps is a program that has been working since 2008 to address 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 about 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
After the 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 Sardinia is known for. Though these potential expats aren’t really given money to relocate, the program offers homes for as little as €1 (about $1.05) with assistance for navigating the moving process.
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