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Emigrate and get money: How to finance your new start abroad!
The dream of emigrating can come true! Many regions and countries offer financial incentives. But how do you keep track and plan your finances correctly? We show you which funding programmes are available and how to optimally finance your move abroad. Do you need personal advice? Contact us for an individual analysis of your situation.
The topic short and concise
The dream of emigrating can come true! Many regions and countries offer financial incentives. But how do you keep track and plan your finances correctly? We show you which funding programmes are available and how to optimally finance your move abroad. Do you need personal advice? Contact us for an individual analysis of your situation.
The dream of emigrating can come true! Many regions and countries offer financial incentives. But how do you keep track and plan your finances correctly? We show you which funding programmes are available and how to optimally finance your move abroad. Do you need personal advice? Contact us for an individual analysis of your situation.
The dream of emigrating can come true! Many regions and countries offer financial incentives. But how do you keep track and plan your finances correctly? We show you which funding programmes are available and how to optimally finance your move abroad. Do you need personal advice? Contact us for an individual analysis of your situation.
Are you dreaming of emigrating, but finding the financing a hurdle? Learn how to get financial support and successfully navigate your new start abroad!
Are you dreaming of leaving Germany behind and starting anew abroad? Financing often poses a major hurdle. But did you know there are regions and countries that will even pay you money for your move? In this article, you will discover how you can benefit from financial incentives and make your dream of emigrating with financial support a reality. At GoMovin, we understand that an international move is a significant challenge. That’s why we offer comprehensive relocation assistance to support you every step of the way—from planning to arriving in your new home.
What does "emigrating with financial support" mean?
Definition and distinction
The term "emigrating with financial support" refers to financial incentives offered by certain regions or municipalities to attract new residents. These incentives may come in the form of direct payments, grants, or subsidies. It is important to differentiate these offers from regular social benefits or wages. The intention is to combat population decline and revitalize the local economy.
Why do places pay money to new residents?
Many regions are struggling with declining population numbers, which can lead to economic problems and the loss of infrastructure. To counteract this, some places use financial incentives to attract new residents. These newcomers are not only expected to stabilize the population numbers but also to boost the local economy by, for instance, starting new businesses or creating jobs. The revitalization of local communities is a primary focus.
Overview of the available incentives
The incentives on offer are diverse and range from direct cash payments to discounted rents and even job offers. Some regions also provide subsidies for purchasing or renovating properties. The nature and amount of incentives vary depending on the region and the specific objectives they aim to achieve by attracting new residents. It’s worthwhile to carefully examine the various offers and compare the terms and conditions.
Up to €30,000: These countries attract with money
If you are considering emigrating and receiving money, you have various options in Europe and worldwide. Some countries and regions offer attractive financial incentives to attract new residents. Here is an overview of some of the most interesting offers:
Europe
Italy
Calabria: Up to €28,000 for those under 40 who start a business.
Presicce-Acquarica: Up to €30,000 for the purchase and renovation of houses, to preserve the old structures and revitalise the town.
Sicilian Villages: Houses for €1 with an obligation to renovate, to counteract deterioration and attract new inhabitants.
Sardinia: Up to €15,000 for purchasing/renovating a house in communities with under 3,000 inhabitants, to support small communities.
Spain
Spain also has interesting offers to counteract population decline:
Griegos: Job offers and subsidised rent to attract professionals and boost the economy.
Ponga: €3,000 for couples and newborns to attract young families and boost the birth rate.
Rubia: Monthly income allowances to improve the standard of living and attract new residents.
Switzerland
Albinen: Up to CHF 25,000 per person (with investment and residence requirements), to preserve the community and secure the infrastructure.
Greece
Antikythera: Monthly stipend of €500 and land for families to populate the island and strengthen the community.
North America
USA
Alaska: Annual "Christmas Bonus" payment (around €1,300), but remote location, to maintain the population in isolated areas.
Canada
Cape Breton Island: Land and job in a bakery to attract professionals and support the local economy.
Oceania
New Zealand
Kaitangata: Around €150,000 and affordable housing when taking up one of the 1,000 open jobs, to address the labour shortage and develop the region.
South America
Chile
Start-up Chile: Around €13,800 seed capital, visa, and contacts for founders, to promote innovation and entrepreneurship.
These examples show that there are regions around the world actively trying to attract new residents. However, the conditions and requirements for obtaining the funds vary greatly. It is therefore important to thoroughly inform oneself in advance and check the individual requirements. More information can also be found on the Federal Administrative Office information portal.
Observe residence requirements: Conditions for financial assistance
If you want to emigrate and receive money, you should be aware of the conditions and requirements attached to receiving the financial incentives. These can vary depending on the region and programme, but there are some common conditions you should know about:
Residency Requirement
One of the most common conditions is the residency requirement. This means you commit to living in the region for a certain period. In Albinen, for example, the minimum residency duration is 10 years. Moreover, you must register your main residence in the region.
Age Restrictions
Some programmes are specifically aimed at young adults and families. In Calabria, for instance, newcomers must not be older than 40 years. These age restrictions are intended to ensure that the region benefits long-term from the new residents.
Investment Obligations
In many cases, receiving financial incentives is linked to investment obligations. You may need to purchase or renovate a property, for example. In Presicce-Acquarica and Sardinia, this is a prerequisite for obtaining the funds. These investments are designed to help boost the local economy and increase property values.
Professional Qualifications and Job Offers
Sometimes certain professional qualifications or a willingness to work in local businesses are required. On Cape Breton Island, for example, a job in a bakery is offered, while in Kaitangata, 1,000 job vacancies await new residents. These requirements are designed to ensure that newcomers contribute to the local economy.
Other Requirements
In addition to the mentioned conditions, other requirements may also apply. These might include contribution to the local community or compliance with local laws and regulations. It is important to be aware of all the conditions before deciding on an emigration programme. Comprehensive planning is therefore essential.
Creating a Budget: Financial Planning for a Fresh Start
The "welcome money" is just one part of the equation. Solid financial planning is crucial if you wish to emigrate and receive money. It's about identifying your personal financial needs and realistically assessing the cost of living in your target country. Here are some important aspects to consider:
Identifying personal financial needs
Create a detailed budget that takes into account all your ongoing expenses and potential savings. Analyse your financial situation and determine how much money you actually need to start anew abroad. Also, consider unforeseen expenses and plan for a financial buffer. The creation of a detailed budget is the first step towards a successful emigration.
Cost of living in the target country
Compare the cost of living in the target country with that in Germany. Use cost of living indices to enable a comparison. Note that there can also be differences between cities and regions within a country. Research the prices for rent, food, transport, and other services to gain a realistic picture of financial expenditure. The Sparkasse offers a helpful checklist for this.
Building a financial buffer
It is advisable to build a financial buffer to bridge the first few months without a job or income. This buffer should ideally cover unforeseen expenses as well. Plan enough funds to maintain your standard of living until you find a stable source of income abroad. This buffer provides security and flexibility in the initial phase.
Financing options
Besides the "welcome money", there are other financing options you can consider. These include loans and credits, which should be approached with caution. If you are self-employed, you might also apply for start-up capital. Inform yourself about the various options and choose the one that best suits your situation. Bear in mind, however, that loans can limit your financial flexibility.
Impact on retirement planning
Remember to consider the impact on your retirement planning. Research the transfer of pension entitlements and the options for private retirement provisions abroad. Clarify how your emigration will affect your future pension and make arrangements, if necessary, to secure your retirement. Early planning is crucial here.
Visa, taxes, etc.: Keeping an eye on legal aspects
In addition to financial planning, the legal and bureaucratic aspects are also of great importance when you emigrate and seek financial support. Here are some key points to consider:
Visa Regulations and Residence Permits
Find out about the country-specific requirements for visa regulations and residence permits. Clarify which documents you need and how the application process works. Note that regulations can vary depending on the country and your personal situation. Early planning and preparation are crucial here to avoid delays or rejections.
Tax Considerations
Address the tax considerations of your emigration. Learn about double taxation agreements and your tax obligations in the destination country. Clarify which taxes you need to pay and how to file your tax return abroad. It is advisable to consult a tax advisor to avoid mistakes and optimise your tax burden.
Social Security
Clarify the adjustment of your insurance benefits. Find out about health insurance, pension schemes, and unemployment insurance in the destination country. Ensure you are adequately insured and can claim your benefits abroad. It is important to address these aspects early to be covered in case of emergencies.
Advisory Services
Make use of the various advisory services available to you. The Federal Office of Administration provides an information portal for emigrants. Charitable organisations and private consultants can also offer valuable support. For legal questions, you should consult a lawyer. These advisory services can help you optimally prepare for your emigration and avoid pitfalls. The Federal Office of Administration provides an information portal for emigrants.
A fresh start with risks: Weighing up the opportunities and disadvantages
The emigrate with financial support offers both opportunities and risks. It is important to carefully weigh these before making a decision:
Advantages
The financial incentives can provide relief in the initial phase and help you cover the initial costs. They can also promote integration into the local community and give you the chance to reorient your career. These advantages can ease your move abroad and help you settle in quicker.
Disadvantages
You should be aware that you are dependent on the conditions of the incentive programmes, and your flexibility in lifestyle may be restricted. There is also the risk that your expectations are not met, leading to disappointment. These disadvantages should be considered in your decision-making, asking yourself if you are ready to accept them.
Alternatives to Emigrating with Financial Support
If you do not want to rely on financial incentives, there are also alternatives. You can actively look for a job abroad, build up a passive income, or use crowdfunding for your emigration project. Although these alternatives require more initiative, they also provide more freedom and independence. More information on emigrating without financial support can be found here.
The decision for or against emigrating with financial support depends on your individual circumstances and preferences. Carefully weigh the opportunities and risks and make an informed decision.
Integration is Everything: Success Factors for a Fresh Start
A successful emigration depends on various factors. Alongside financial planning and legal aspects, your personal skills and attitudes are crucial. Here are some success factors that can help you establish yourself successfully abroad:
Realistic Expectations
Avoid unrealistic hopes of quick wealth and be aware of the challenges of starting anew. Be prepared for the fact that it takes time and effort to settle and succeed abroad. Having realistic expectations will help you overcome setbacks and achieve your goals.
Language Skills and Cultural Adaptation
Learning the local language and being open to new cultures and ways of life are crucial for successful integration. The better you speak the language and understand the culture, the easier it will be to make contacts and navigate daily life. Invest time and effort in learning the language and engaging with the culture.
Building a Network
Make connections with locals and other expatriates and participate in local events and activities. A good network can help you settle in faster, gain information, and find support. Be open and sociable, and seek interaction with others.
Flexibility and Adaptability
Be ready to adapt to new situations and think in a solution-oriented way when faced with problems. Flexibility and adaptability are essential qualities that will help you overcome challenges and establish yourself successfully abroad. Be prepared for things not going according to plan and be willing to compromise. GoMovin is happy to assist you with the planning of your move.
Money isn't everything: Opportunity, but no guarantee
The Emigrating with Money – An Opportunity, but No Guarantee for a successful new start abroad. The financial incentives can be a valuable initial aid, but they are not a cure-all. Careful planning and preparation are essential to ensure your emigration is successful.
Summary of Key Insights
The financial incentives can ease your start abroad and help cover the initial costs. However, you should be aware that you might be dependent on the conditions of the incentive programs and your flexibility may be limited. Careful planning and preparation are crucial to ensuring your emigration is successful. Get comprehensive information about the various offers and conditions and weigh the opportunities and risks carefully.
Outlook on Future Developments
It is expected that there will be more incentive programs in other regions in the future, as more and more places are dealing with the consequences of population decline. Visa regulations and residence permits may also change. Therefore, it is important to stay informed and keep up-to-date with the latest developments. Google LLC could play a larger role in providing information and resources for emigrants by 2025, as shown in this YouTube video.
Final Recommendations
Seek individual advice, gather comprehensive information and prepare meticulously. Set realistic goals and remain flexible. With the right preparation and mindset, you can successfully realize your dream of emigrating. We at GoMovin are here to support you with our expertise and global network to make your move as stress-free and efficient as possible. Inform yourself about the costs that may arise when emigrating.
Are you ready for your new start abroad? We are happy to support you! Contact us today for personalized advice and find out how we can assist you with the planning and execution of your move. Get in touch now!
Further useful links
The Federal Office of Administration offers an information portal for emigrants with many useful tips and answers to frequently asked questions.
FAQ
Which countries offer financial incentives for emigrants?
Some countries and regions in Europe and worldwide offer financial incentives to attract new residents. Examples include Italy (Calabria, Presicce-Acquarica, Sardinia), Spain (Ponga, Griegos), Switzerland (Albinen), and Greece (Antikythera). These incentives vary greatly in terms of amount and conditions.
What conditions are attached to the receipt of financial incentives?
The conditions vary but often include a residency requirement (minimum stay duration), age restrictions (e.g., under 40 years in Calabria), investment commitments (purchase or renovation of real estate), and/or professional qualifications.
How much financial incentive can one receive?
The amount of incentives varies greatly. In Calabria, you can receive up to 28,000 euros, in Presicce-Acquarica up to 30,000 euros for the purchase and renovation of houses. In Switzerland (Albinen), there is up to 25,000 CHF per person, albeit with strict conditions.
Where can I find information on current emigration programmes with financial incentives?
The Federal Office of Administration offers an information portal for emigrants. Additionally, welfare organisations and private advisors can provide valuable support. For legal questions, it is advisable to consult a lawyer.
What financial aspects should I consider when planning emigration?
Create a detailed budget that takes into account all ongoing expenses and potential savings. Compare the cost of living in the destination country with that in Germany and build a financial buffer to cover the first few months without a job or income.
How does emigration affect my retirement provision?
Find out about the transfer of pension entitlements and the possibilities for private retirement provision abroad. Clarify how your emigration will affect your future pension and take measures, if necessary, to secure your retirement provision.
What legal aspects should be considered when emigrating?
Understand the country-specific requirements for visa regulations and residence permits. Determine which documents you need and how the application process works. Address the tax aspects of your emigration.
What are the success factors for a successful new start abroad?
Realistic expectations, learning the local language, openness to new cultures, building a network, and flexibility are crucial for successful integration.
