It is astonishing that certain nations can genuinely compensate foreign nationals in the millions for moving to their far-off cities. Here are five nations that follow suit.
Italy’s Presicce – Acquarica
Presicce-Acquarica is providing up to Rs 26 lakhs to anybody who are prepared to move there and purchase a home, according to the official website.
Ireland’s Island Cities
If you are “turning a vacant house or building into your permanent home or a rental property,” you can apply for the empty Property Refurbishment Grant, which offers grants up to €50,000 (about Rs 44.8 lakhs) and up to €20,000 (about Rs 18 lakhs) in additional funding. There are certain restrictions, though.
According to Swiss Info, the government will pay you, subject to certain restrictions, approximately Rs 20 lakh for singles over 45, approximately Rs 40 lakh for a couple, and an extra Rs 8 lakh per child to live there.
Portugal’s Numerous Interior Cities
The Portuguese government started an incentive scheme in 2020 to encourage families and international workers to relocate to the less populous areas of the nation.
Under the Employment Interior Mais program, foreign nationals and foreign residents are eligible to receive one-time financial assistance of up to Rs 4,29,183. This amount consists of a direct grant of about Rs 2,34,107, as well as supplementary grants of 20% for each household member and relocation expenses.
The Production Development Corporation, a government agency in Chile, offers a startup program. This program provides a one-year work visa, access to local financial and social networks, and up to INR 36 lakhs in equity-free seed money for start-ups with compelling ideas.