A wealth expert has revealed which countries will pay you big bucks just by relocating there – with some even throwing in land and property.
Sarah Adekola has over 500,000 followers on Instagram (@millenialwealthsarah), where she frequently shares tips and tricks to help people with their finances.
In one of her most recent videos which has over 136,000 views, the 29-year-old, from London, outlines which countries will splash the cash for you to move there.
While this may sound like a sweet deal, Sarah warns that you should always check the small print, as most of these offers come with a catch.
- Advertisement -
So, where could you move to fatten up your wallet? Let’s find out.
“We live in a world where everyone wants to explore different countries and this is a great way to start,” Sarah told What’sTheJam.com.
READ MORE: Woman saves 50,000 soft toys from landfill with teddy bear rehoming business
“It’s a great opportunity to move to a new country and get funding for your business.”
IRELAND:
- Advertisement -
The first choice is Ireland, with a singular policy covering a whopping 23 islands.
With two different schemes on offer, you could fetch a grant of £71,300 (€84,000).
Sarah said: “The scheme is part of a broader 10-year national policy aimed at ensuring sustainable, vibrant communities on Ireland’s offshore islands.
- Advertisement -
“To qualify, individuals must purchase and own a property on one of these rural islands, with the property having been vacant for at least two years and built before 1993.”
Ireland also offers a ‘Start-up Entrepreneur Programme’ (STEP).
The programme offers budding businessmen the opportunity to establish their businesses and set up shop in Ireland for the foreseeable on a full-time basis.
Conditions of the scheme include having a clean criminal record, not being a financial ‘burden on the Irish State’ and working on your business full time- not being employed in any other capacity.
NEW ZEALAND:
New Zealand is also joining in on the fun, offering a Global Impact Visa perfect for investors/entrepreneurs.
Conditions of the scheme include being accepted into the Edmund Hillary Fellowship (a programme for entrepreneurs), meeting health, character and English requirements and demonstrating that you adhere to employment, taxation and immigration laws.
This scheme is designed for innovative investors and entrepreneurs aiming to have a positive global impact by creating and supporting ventures.
SARDINIA:
The final place that could tickle your fancy and keep your vitamin D in abundance is Sardinia.
The Sardinian Government is offering £12,700 (€15,000) in a bid to encourage young families to settle down there, combating rural depopulation.
Individuals can also receive a non-repayable grant in exchange for enhancing the Sardinian economy.
Sarah said: “I think the schemes are great and a fantastic opportunity for people to live in other countries and gain funding for their business ideas.
“I love the idea of exploring and living in different countries and potentially could move if I felt that was the best option for me and my family.”
But there is one condition – you must choose a village with a population of less than 3,000 people and the grant must be used to renovate the area.
The wealth expert adds that the applicant age must be over 18 years of age.
Social media users joined in the fun and flocked to the comments to share which schemes they would like to take up.
Dawn said: “By America, I’ll take Italy, Ireland or Greece.”
One user, named Kim, said: “Greece or Italy!”
One other user said: “New Zealand is beautiful.”
Another user said: “Fascinating and worth knowing.”
Another user added: “New Zealand or Ireland.”
READ MORE: Mum who started business from spare room now makes £1M per year selling shoes
