Live for Free | Countries That Pay You To Live There

Summary

This video explores various countries that offer financial incentives for relocation, highlighting the unique benefits and requirements of each. Destinations include Chile, Italy, Denmark, Ireland, Switzerland, Vietnam, Thailand, Korea, Mauritius, Spain, Canada, and New Zealand. From grants for startups in Chile and Ireland to relocation allowances in Italy and affordable housing in Spain, these countries provide diverse opportunities for new residents. The video emphasizes the cultural, economic, and lifestyle advantages of each location, encouraging viewers to consider moving abroad.

Takeaways

• 🌍 Countries like Chile, Italy, Denmark, Ireland, Switzerland, Vietnam, Thailand, Korea, Mauritius, Spain, Canada, and New Zealand offer incentives for relocation, aiming to boost their economies or populations.
• 🏞️ Chile's 'Start-up Chile' program offers a 4-month accelerator, co-working space, a one-year resident visa, and financial support to attract entrepreneurs.
• 💶 Italian municipalities like Candela and Sicily provide financial incentives and low-cost housing to encourage relocation and reverse population decline.
• 🇩🇰 Denmark promotes the relocation of digital nomads and startups, offering a high quality of life with excellent healthcare, education, and welfare systems.
• 🍺 Ireland's Enterprise Ireland program provides funding and tax credits to attract global startups and offers access to the European Union market.
• 🏔️ Switzerland's village of Alin offers a cash grant and additional support for children to young families willing to relocate and boost the local population.
• 🇻🇳 Vietnam, Thailand, and Korea provide employment opportunities, particularly as English instructors, to attract foreign residents and diversify their economies.
• 🏝️ Mauritius offers a modest grant to startups with innovative business concepts, promoting economic growth and cultural diversity.
• 🇪🇸 Spain's 'Ponga' communities provide financial incentives to young couples and families to reverse depopulation and revitalize rural areas.
• 🇨🇦 Canada's Saskatchewan province has a Graduate Retention Program offering tax refunds to retain college graduates, emphasizing the value of higher education.
• 🏡 New Zealand's Kiten community offers land and accommodation packages to attract new residents, showcasing the country's natural beauty and outdoor activities.

Q & A

What are some of the challenges one might face when relocating to a foreign country?

Relocating to a foreign country involves challenges such as selecting a destination, contemplating the logistics of the move, and comparing quotes from reputable international removalists to ensure a smooth transition.

What does Chile offer to attract entrepreneurs and innovators?

Chile offers an accelerator program called 'Start-up Chile' that provides a 4-month program for entrepreneurs, including access to a co-working space, a one-year resident visa, and 10 million pesos (approximately $144,000).

What incentives does Italy provide to encourage relocation to Candela?

Candela, Italy, offers a relocation allowance of €800 for singles and €2,000 for families, with the condition that the relocatee must move their permanent residence to Candela, secure employment, and purchase a home constructed before 1991.

What is the unique offer from the municipality of Sicily in terms of housing?

The municipality of Sicily offers residences for sale at a reduced rate of €1, with the requirement to renovate the dilapidated residence within 3 years and submit a €5,000 security deposit that will be reimbursed upon completion of the restorations.

Why might Denmark be an attractive destination for entrepreneurs?

Denmark values entrepreneurs and promotes the relocation of digital nomads and fledgling businesses, offering exceptional health care, education, and welfare systems, as well as a high standard of living and a reputation as one of the happiest countries in the world.

What program does Ireland offer to attract expatriates and startups?

Enterprise Ireland is a program that provides funding and tax credits to startups that relocate to Ireland, offering access to the European Union market and support in establishing a business.

What incentives are provided by the Swiss village of Alin to attract new residents?

Alin offers a relocation grant of $25,000 and an additional $10,000 for offspring to new residents under the age of 45 who maintain full-time residency for a minimum of 10 years.

What opportunities do Vietnam, Thailand, and Korea offer to English speakers looking to relocate?

These countries provide employment opportunities as English instructors and offer to cover international relocation costs, making it relatively straightforward and rapid for individuals to move to Asia.

What is the incentive provided by Spain's Ponga communities for young couples planning to have children?

Young couples residing in Ponga communities for 5 years can receive €3,000, with an additional €3,000 incentive for each offspring, regardless of whether they were born in Ponga or relocated with the family.

What is the Graduate Retention Program in Saskatchewan, Canada, and what does it offer?

The Graduate Retention Program in Saskatchewan provides CAD 20,000 in tax returns to college graduates who maintain residency and file taxes in the province for 10 years, provided they have completed their studies at an approved postsecondary institution.

What makes New Zealand an attractive destination for those considering relocation?

New Zealand offers compensation for relocation to the small community of Kitea, with developed land and accommodation packages for $165,000, as well as a reputation for breathtaking landscapes, adventure sports, and high-quality living standards.