In this article, we take a look at 20 countries that will pay you to move there in 2024. If you need to skip our detailed discussion on the subject, you can move on to five countries that will pay you to move there in 2024.
According to the 2022 Global Migration Interactive Report, there has been a global increase of 128 million immigrants over the past three decades; The total reached 281 million people in 2020, the year of the global pandemic.
Speaking of the pandemic, it’s vital to note that like each and every facet of life that has been altered and altered this time around, the travel and migration sectors have experienced the same. During the COVID-19 pandemic, borders were temporarily closed. Closed, immigration came to a halt and the global economy suffered. The World Economic Forum reports that another 114 million people have lost their jobs due to COVID-19 and upcoming lockdowns. With such massive changes, naturally, mindset and perspectives have replaced for many other people as well.
Post-COVID, other people who (before the pandemic) were willing to set up as full-time staff at any company as long as they had a job, have become more involved in advancing their careers and getting more done. In Prudential Financial’s 2021 survey, 80% of participants said they would seek new opportunities to advance their careers. In another survey, 42% of remote staff said that if their current employer doesn’t continue to offer long-term remote work, they’ll look for new opportunities at a company that does. In other words, other people have to prioritize work-life balance and their careers more than they did before the pandemic.
As a result, there is also an increase in the number of full-time freelancers, which means more people are working remotely and independently. MBO Partners found that the number of full-time freelancers in the U. S. The U. S. market increase by 59% between 2020 and 2022. This also means that this time, the freelance market has grown exponentially. According to Upwork (Nasdaq: UPWK), one of the leading platforms for freelancers, 68 million Americans were self-employed and contributed $1. 27 trillion to the U. S. economy in 2023, a cumulative of about $300 billion as of 2019.
The rise of self-employment around the world has also increased the number of nomads worldwide. Now that the lifestyle of remote paintings has made life more comfortable, more and more people are looking to move to countries that best suit their needs. In fact, a study by MBO Partners shows that in 2023, 17. 3 million U. S. workers described themselves as virtual nomads. Compared to 2019, there has been an increase of 10 million American virtual nomads through 2023.
Today, many wealthy countries (see: Top 15 Richest Countries That Get You Paid to Move There) are competing globally to capitalize on the virtual nomad trend and bring immigrants back to their countries as a solution to some of their own problems, such as skills shortages, immediate aging, or a population hole in the country.
Due to skills shortages, in most cases, it is private companies that offer to finance the relocation of their migrant workers to countries with a limited domestic workforce. Three of the most prominent examples of private companies doing this are Adobe Inc. (NASDAQ: ADBE), Crown Castle Inc. (NYSE: CCI) and Apple Inc. (NASDAQ: AAPL).
All three companies are also leaders within their fields. In 2023, Adobe Inc (NASDAQ: ADBE) achieved a record revenue of $19.41 billion. In the same year, in December, Adobe Inc (NASDAQ: ADBE) and Figma mutually ended a $20 billion merger deal as well. Meanwhile, Crown Castle Inc (NYSE: CCI) had a net revenue of $1.67 billion in 2023. In 2024, Crown Castle Inc (NYSE: CCI) expects a site rental revenue of $6.37 billion.
Apple Inc (NASDAQ: AAPL) made a profit of $383 billion in fiscal 2023. Despite being the leading manufacturer of consumer electronics, it is said to lag behind its rival in the progression of generative synthetic intelligence (AI) products. But Apple Inc (NASDAQ: AAPL) will invest $1 billion a year in the development of artificial intelligence technology, Bloomberg reports. Just as corporations raise the salaries of their employees to create more demand and provide opportunities for offshoring, countries facing demographic decline or skills shortages are paying others to incentivize them to move to their countries. Here is a list of 20 countries that will pay you to move there in 2024.
Let’s now head over to the list of places that pay you to move there.
20 countries that will pay you there in 2024.
For our list of 20 countries that will pay you to move there in 2024, we first combined the list of countries whose governments will pay you to move there. We then rank the countries according to the amount they pay. We’ve also discussed who those government systems are eligible for and why the government gives those incentives. The list is in ascending order.
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Payroll: $440 for aspiring entrepreneurs
Mauricio donates about $440 to start a business. To qualify, you’ll need to have a successful business plan. Once you’ve submitted it, it’s up to the government to accept or reject the application based on its criteria. Mauritius is known for its developing economy and is a very business-friendly country. Most of its economy is based on agriculture, tourism, and monetary exports. Mauritius also provides flexible medical care to residents.
Pays: $5,420 or a house for 1€ to anyone looking to relocate
Sicily, the largest island in the Mediterranean Sea, has been shrinking in population for quite some time now. Although it is considered a part of Italy, it is geographically outside of it. Two towns on this island, Sambuca di Sicilia and Troina are selling houses to new residents for as low as €1 to bring the population back up to normal. However, you have to pay for the compulsory renovation of the house and make a deposit of $6000 as security to the state. The deposit will be refunded upon completing the renovation. Similarly, another town on the island, named Petralia Soprana, is offering $5,420 to individuals and families looking to permanently relocate to the town.
Payment: $4,000 ($0. 16 home) for eligible Americans age 40 and older
Legrad was once a populated town in Croatia, but due to urban migration its population has declined over time. So Croatia now offers a space in the village for just 1 kuna, or about $0. 16. The space will likely require a high renovation cost, but the state will contribute $4,000 toward the total cost. To take advantage of this offer, you will need to be under 40 years old, financially sound and have a diploma. In addition, you will want to rent your apartment in Legrad within 3 years.
Payment: $10,000 to academics and researchers.
The Italian government has a program called “Invest Your Talent. “This task is aimed more at academics and researchers who wish to pursue their careers while living in Italy. Invest Your Talent: provides $10,000 and a one-year visa to everyone who is accepted. In Italy there are even smaller towns, such as Candela, Molise and Vetto, whose population is slowly shrinking and more people need to settle in them.
Payroll: $10,000 for foreigners
Japan grants a one-year visa and up to $10,000 to foreigners who wish to settle in Japan, as a component of its regional revitalization program. The objective is for the country to face a demographic imbalance and increase income in rural areas. Japan has a smart business environment and many opportunities for expansion. The government is also providing more incentives for families who want to move to rural Japan.
Payroll: $10,000 for non-EU/EEA and non-Swiss citizens
Austria is one of the countries that will pay you if you move there. As part of its red, white, red card program, Austria is providing $10,000 to non-Swiss citizens traveling outside the EU/EEA to settle there. The program includes a one-year visa and monetary support. As Austria is a difficult country to move to and offers many job opportunities, the Red-White Card program is ideal for staff from third countries around the world who need to move to Austria. In some situations, Austria offers this program due to a shortage of professional staff in the country.
Pay: £10,000 to teachers
England, a country full of aesthetically pleasing landscapes and modern, colorful cities, offers an opportunity for instructors from all over the world. Although England has one of the most productive school systems in the world, it has been facing a shortage of instructors lately. In 2022-23, the country met only 59% of its instructor recruitment targets. To compensate for the shortage, England offers to pay £10,000 to instructors who plan to move there.
Pay: $15,000 to workers and individuals
Some U. S. cities, such as Rochester, New York, pay up to $15,000 to move there. The “Move to Rochester Grant” includes grants for homeownership and systems adapted once you’ve moved there. To be eligible for this grant, you will need to be in full-time remote employment, be at least 18 years old, and be able to move to Rochester within six months of application acceptance. With this program, Rochester officials hope to locate the most talented Americans and provide them with economic opportunities. Rochester’s main industries are manufacturing, medical imaging, and smart energy districts.
Pay: $15,000 to students
Canada gives college graduates $15,000 in tax returns to stay in the country. The requirement is that you need a post-secondary graduate from certain accredited institutions. Those accepted for this incentive will continue to receive the same amount for 10 years. During this period, they will have to register their taxes and remain residents on their own. If a remote worker living in Canada wants to apply, this program is eligible and open to them as well.
Payroll: $20,000 for others who wish to move
The island of Sark is an island country located in the English Channel, known for its quiet and serene life. Sark brought the Sark Society program, which grants up to $20,000 and a one-year visa to those who need to settle on the island. . The program is open to everyone, but you will need to be eligible for funding. With this initiative, the island hopes to attract more citizens and fight against population decline. The current population of the island is 562. The other people here are hospitable and the environment is safe. The tax policy and commercial facet of this island are especially favorable for marketers since there are no taxes on income, capital gains, corporations, inheritances, etc.
Payroll: $21,600 to families
Greece has been facing a crisis of demographic decline lately and is looking for more people to live in the country in order to continue growing and boost its economy. Although there is no official national program to apply to, several Greek cities are offering a stipend for living. The island of Antikythera, for example, offers a monthly payment of about $600 for the first 3 years, for a total of $21,600. This is offered only to families and not to other single people. .
Provides: $50,000 to marketers and small businesses
Ireland offers payments to marketers and small businesses who need to set up a business in their country, putting the country on our list of countries that pay you to set up shop there. The incentive amount for the Irish Start-Up Entrepreneur Program is $50,000. accompanied through a one-year visa. This is a wonderful opportunity for corporations in the early stages of their businesses: with the EU and its market, there is a greater opportunity for business growth.
Pays: $50,000 to entrepreneurs
The Spanish government will offer some other program for marketers to start their businesses in their country. This includes a $50,000 incentive and a one-year visa. Some cities even offer additional systems that pay other people to move there. These benefits will be offered to young couples who want to start a family and even receive extra money for each child they have. However, in some cities, applicants may be required to live in the city for a set period of time. Take, for example, requires families to have lived there for at least five years before applying for funding.
Payroll: $50,000 for aspiring entrepreneurs
Denmark is another country that values professional staff and where marketers can set up. The government provides $50,000, support, and a one-year visa to aspiring marketers through its Startup Denmark program. The program is designed to help others. Start and create new businesses that are unique to the country. With a strong and developing economy and a smart business climate, Denmark is the best position to start.
Payroll: $5,243 and $50,000 for aspiring entrepreneurs
The Portuguese government will pay people to work in the country’s interior regions through its Emprego Interior MAIS program, which offers grants of up to $5,243. Portugal offers a smart quality of life and a smart balance between painting and living, making it a great place for remote painters. Applicants must stay for up to one year if they are approved for this program. There is also the startup visa program that gives $50,000 to other people who need to start a business in the country.
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Disclosure: None. 20 countries that will pay you to move there is originally published on Insider Monkey.