Many nations globally offer financial incentives to attract skilled immigrants, addressing labour needs and community development. These countries actively allocate funds to expatriates and entrepreneurs seeking to relocate, with some even providing startup grants to promote foreign business establishment.
Top 10 Countries Encouraging Foreign Relocation 2023
In the realm of international relocation, 2023 offers a selection of top destinations with unique programs, providing both the opportunity to move abroad and receive financial incentives for expatriates and their families.
Spain, known for its beauty and culture, addresses demographic challenges with an attractive incentive program aimed at luring individuals worldwide to become residents and bolster its population. Various Spanish towns now offer financial incentives to prospective residents, including:
Italy, a nation renowned for its historical charm, has joined the ranks of European countries welcoming newcomers with relocation incentives. Similar to Spain, Italy faces demographic challenges such as an ageing population and a migration of young people to urban centres. Consequently, many Italian towns are implementing financial incentives to attract new residents.
Greece is facing a number of demographic challenges, including a declining and ageing population, a low birth rate, and significant emigration. In an effort to address these challenges, the government is providing financial incentives to attract individuals to specific regions.
To be eligible for this incentive, applicants must have a family. This makes it a less suitable option for solitary digital nomads.
Acquiring residency in Greece is a straightforward process for citizens of the EU, EEA, or Switzerland. They simply need to relocate and register at the local town hall. Non-EU citizens have various visa options, including the elective residence visa, the Greece golden visa, and a digital nomad visa.
After seven years of residing in Greece, eligibility for Greek citizenship and EU membership becomes possible. Greece recognizes dual citizenship, unless your original country imposes different rules.
For entrepreneurs seeking to establish or expand their ventures, Ireland extends a warm invitation. Recognizing the vital role that startups play in driving economic growth, the Irish government has implemented a range of incentives designed to attract and support entrepreneurial talent.
Residency and Citizenship
Denmark, renowned for its commitment to innovation and progressive policies, extends a warm welcome to foreign entrepreneurs through its Startup Denmark program. Designed to attract and support aspiring business leaders, the program offers a comprehensive package of benefits that includes:
In an effort to attract skilled workers from outside the EU/EEA, Austria is actively promoting its Red-White-Red Card program. This initiative provides funding to individuals interested in relocating and working in Austria, whether as self-employed entrepreneurs or as employees, for a specified duration.
To be eligible for the Red-White-Red Card program, applicants must meet the following criteria:
Chile, with its stunning natural beauty and vibrant economy, is a welcoming destination for foreigners seeking new horizons. The country's commitment to innovation and entrepreneurship has made it a hub for startups, and its welcoming immigration policies offer a variety of options for those seeking to relocate.
Successful applicants for Startup Chile receive a one-year residency visa. This visa allows them to live and work in Chile, and it can be renewed for up to three years. In addition to the Startup Chile visa, Chile offers a variety of other residency visas, such as the:
Kaitangata, a small town in New Zealand, is offering land and housing packages valued to new residents who secure employment in the town. This is a significant incentive for those looking to relocate to New Zealand, and it is a clear indication of the town's need for new residents.
To be eligible for the Kaitangata relocation incentive, applicants must:
The successful applicants will receive a land and housing package valued at $165,000. This package will include:
Residency in New Zealand
There are a number of ways to obtain residency in New Zealand. The most common ways are through employer sponsorship or by applying for a visa.
After residing in New Zealand for five years, including a minimum of 240 days per year physically in the country, individuals may become eligible to apply for New Zealand citizenship and a passport. New Zealand recognizes dual citizenship.
Sark, a small island located in the English Channel, is a unique and attractive destination for those seeking a peaceful and tax-free lifestyle. The island offers a number of exemptions from income tax, capital gains tax, corporate tax, inheritance tax, and VAT/sales tax.
There are two primary pathways to obtaining residency in Sark:
Albinen, a charming Swiss village nestled in the Alps, is offering a significant financial incentive to attract new residents. Families who choose to relocate to Albinen are eligible for a grant of $25,000, with each of their children receiving an additional $10,000. This offer is open to individuals under the age of 45 who commit to full-time residency for a minimum of ten years.
To be eligible for the Albinen relocation incentive, applicants must:
In addition to the financial incentive, Albinen offers a number of other benefits to residents, including:
Which countries offer financial incentives to foreigners for relocation in 2023?
In 2023, several countries are providing financial incentives to foreigners for relocation. Some of these countries include Spain, Italy, Greece, Ireland, Denmark, Austria, Chile, New Zealand, Sark (part of the United Kingdom), and Albinen in Switzerland.
What types of incentives are offered to foreigners for relocation?
The incentives vary from country to country but may include grants, funding for entrepreneurs, land and housing packages, tax exemptions, and even direct cash incentives in some cases. The specific incentives and eligibility criteria can differ significantly.
How can foreigners obtain residency in these countries?
The pathways to obtaining residency vary by country. In the European Union (EU), citizens of EU, European Economic Area (EEA) countries, and Switzerland often have simplified processes for residency. Non-EU citizens typically have visa options such as golden visas, entrepreneur visas, and digital nomad visas. The specific requirements depend on the country and visa category.
Do these countries offer citizenship to foreigners as well?
Some of these countries may offer a pathway to citizenship after a certain number of years of residency, while others may have separate citizenship-by-investment programs. The eligibility criteria and timelines for citizenship acquisition can vary significantly.
Is dual citizenship recognized in these countries?
The recognition of dual citizenship varies by country. Some countries, like New Zealand and Ireland, generally recognize dual citizenship, while others, such as Spain and Italy, may require individuals to renounce their original nationality.
Are there language requirements for residency or citizenship in these countries?
Language requirements, if any, also vary by country. Some countries, like Spain, may require applicants to pass a language exam at a certain level, while others, such as New Zealand, do not mandate language exams due to their use of English.
Are these incentives available to all nationalities?
Incentives often target specific groups or regions, and eligibility can be limited to certain nationalities or demographics. It's essential to review the specific requirements and criteria for each program or country.
How can I get more information about these relocation incentives?
To obtain detailed information about specific relocation incentives, it's advisable to visit the official websites of the respective countries or contact their relevant government agencies or immigration authorities. Additionally, consulting with legal or immigration professionals can provide valuable guidance.