No, we’re not making this up; there’s many states, cities, and entire nations that will pay you to relocate. In certain situations, they are providing start-up grants to expatriates and digital nomads in order to attract more entrepreneurs to the area. Some are providing different monetary support if you can resurrect a property or simply commit to residing there for a few years.
Whether you’re a seasoned expat or one of the many others who have accepted the post-pandemic teleworking circumstance as the new baseline, there are a few places that could be the perfect upcoming step for both you and your family. However, having the opportunity of living anywhere in the world can be intimidating. That is why, to assist you in making your decision, we have selected some of the best places that will pay you to relocate there in 2021.
Why do some places pay you to relocate?
Each city, state, or country has its own strategy for attracting new residents, but the following are some of the most common:
- A small population
- A faltering economy
- Properties that are in bad condition
Whatever your reason(s), there’s never been a better opportunity to take advantage of a zoom town and embark on your own new challenge or adventure.
1- ALASKA- UNITED STATES
- The offer: Alaska’s reward program isn’t brand-new, however that does not make it less attractive. Called the Permanent Fund Dividend, Alaska deposits at least 25 percent of mineral royalties — revenue the state generates from its mines, oil, and gas reserves — into the fund annually. Then the amount is distributed among state citizens, often working out to somewhere between $1,000 and $2,000 per person. This year, it could be as much as $5,000.
- The reason: Alaska needs people. So much so that they offer numerous grants and tax incentives to make you an Alaskan. The fund was invented to make sure Alaskans would get a cut of the revenues produced by their state’s natural deposits.
- The catch: In 2018, long-term homeowners were offered $1,606. To be qualified for a 2019 dividend, you need to reside in Alaska during 2018 and not have claimed residency anywhere given that December 2017.
2- Antikythera, Greece
- The offer: The Greek Orthodox Church is giving out thousands of dollars to people willing to migrate to this small Greek island. The program promises about $555 per month (500 euros) for the first three years after moving, which adds up to a little over $22,000.
- The reason: About 20 individuals reside on the Antikythera island of Greece. The church is expecting that this incentive will increase the population and promote the economy.
- The catch: Preference will be provided to Greek people, however, anybody can apply.
3- CANDELA, ITALY
- The Offer: According to Stefano Bascianelli, the mayor’s right-hand man, “This is how it works: €800 for singles, €1,200 for couples, €1,500 to €1,800 for three-member families, and over €2,000 for families of four to five people”. An additional incentive may also include tax credits on city waste disposal, bills and nurseries.
- The reason: The small Italian town of Candela, on Italy’s eastern side (think Adriatic Sea) wants to lure new residents to its dwindling population. Nicola Gatta, mayor of the medieval town in Puglia, is determined to boost its current resident in town count of 2,700 to its prior days of 8,000 and more.
4- Chile – Santiago
- The offer: Start-Up Chile, a government program, will provide you in between $30,000 and $100,000 as well as a 1 year visa to relocate to the country and start a company. There are 3 different programs you can apply to: The S Factory, a program for ladies entrepreneurs; Seed, a program for business with a “practical item and early recognition”; and Huella, a program for business that have financial, social, and ecological repercussion.
- The reason: The program is targeted at motivating business owners to relocate.
- The catch: If you’re not seeking to begin a business, this is not the best option for you.
5- ALBINEN -SWITZERLAND
Switzerland is one of the best European countries that pay you to live there. And there is a town called Albinen which invite foreigners to live there. The government offers incentives like Non-residents who relocate to the Swiss village of Albinen.
- The offer: Could soon receive a bit of extra cash—about 25,000 francs (about $25,200) per adult and 10,000 francs (just over $10,000) per child.
- The reason: The additional attractions include remarkably delicious cheese to have a snack. The village is a gateway to the scenic beauty. We want to give prior heads up before you mad up your mind to indulge in the goodness of cheese.
- The catch: You have to stay there for a minimum period of ten years to buy or build.