Moving overseas is one that often comes with numerous expenses, so any country or region offering a financial benefit for expats is likely a huge help. According to RAJA UK, there are a number of countries around the world that offer a cash reward, tax relief or another form of financial boost for new arrivals.
However, it is important to note, that in all cases people must be eligible to live in each of these nations in order to benefit from these perks.
Which countries made it onto their list?
According to the research, Ireland offers a huge cash investment for expats who move there with plans to set up their own business.
The entrepreneur scheme will help new arrivals with the equivalent of £148,481 (approximately €176,345) to set up a new business.
However, in order to be eligible for the scheme, business owners must be able to meet certain criteria including being able to demonstrate that the company is capable of creating approximately €1 million (approximately £841,990) in sales over the first three years.
During this time, new businesses must also be able to provide 10 new jobs.
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Expats who have a start-up idea could be offered the equivalent of £23,000 in CLP funding to start a business through the Start-Up Chile programme.
The programme also includes incentives and an acceleration programme.
The scheme takes yearly applications.
However, people will likely need to become a citizen first before beginning a new business venture.
This tiny village nestled in the Swiss Alps has a population of just 243 (as of December 2020).
In a bid to attract newcomers, the village is offering the equivalent of £19,635 per person to move there.
Around 10,000 Swiss francs (just over £8,000) will also be paid per child, according to a newsletter issued by the town in 2017.
However, there are a few criteria new residents must meet.
The first is that they must be aged under 45, and agree to live in the town for up to a decade.
If they move away before this time period, residents must pay the town back for their investment.
The property newcomers choose in the village must have a minimum value of 200,000 Swiss francs (approximately £160,028), and be their permanent home.
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Saskatchewan, one of Canada’s southern providences, is offering the equivalent of £11,537 in tax returns to people who study at one of a select, pre-approved list of universities.
The Graduate Retention Program (GRP) provides a tax rebate of tuition fees paid by eligible graduates who live in the region and who file an income tax return for the province.
However, you must be eligible to study there in order to benefit from this scheme.
People who choose to move to the tiny island of Antikythera could be offered a monthly allowance for up to three years.
The move was decided upon in a bid to boost the island’s population – which at the time sat at just 20 residents.
Those who chose to move there would receive an allowance of approximately $500 every month (around £421), as well as housing and land.
In 2019, four families made the cut and were being sponsored to live on the island, though there is no update for 2021.
According to RAJA, the village of Candela in Italy will pay new residents the equivalent of £1,707 cash to live there.
The town first announced the decision in 2017, though has made no major update for 2021
Just an hour’s drive from Naples, Candela introduced the bonus in a bid to grow its population.
However, newcomers must meet certain criteria.
They must take up full-time residency in Candela, rent a house and have a job with an annual salary of at least €7,500 (£6,317).