The City In Italy Wants To Pay You As Much As $52,500 To Move There

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Have you ever dreamed of escaping from the United States and moving to Italy to live under the Tuscan Sun (or somewhere similar to that)? A town in Italy’s enchanting Abruzzo region might help make it possible with an exciting new initiative that is offering new residents big bucks to relocate and live la dolce vita.

It’s similar to a scheme cooked up a couple of years ago by a U.S. state and a city that paid people big money to move there and work remotely. And over the years, various Italian towns have given away houses for 1 euro each. Now a forward-thinking (and deep-pocketed) village in Italy is combining the best of all worlds and offering people up to $52,400 in grants to move there and work—and possibly even set up a business.

The village is Santo Stefano di Sessanio, and it’s a breathtaking medieval village in Italy’s Abruzzo region, set amid mountains and pastures in the Gran Sasso e Monti della Laga national park. But right now, this little slice of heaven only has 115 residents—and 35% of them are over 65—so the village is looking lure the next generation.

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There are just a few requirements. To be eligible, applicants need to be at least 18 but no older than 40, they need to be a resident of Italy or the EU (or have the ability to become one) and they need to be moving from a place that has more than 2,000 residents.

The town council released details about the new initiative on its website, saying that it is “aimed at attracting new residents” and that its goal is to “give a new demographic boost to the area.”

The town will offer a grant of up to €8,000 a year (or $9,500) for three years, paid monthly—for a total of €24,000 or $28,500. And for someone who wants to launch a business, the town will offer a one-time grant of €20,000 ($24,000). That could total as much as $52,500. And just in case that wasn’t enough: They will also provide a place to live with what the council calls “symbolic” rent. It also specified that those applying for the scheme needed to between 18 and 40 years old.

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You also need to be ready to be in it for the duration: The initiative requires applicants to stay for a minimum of five years and open a business related to several specific areas: tourism, sports, culture, a cleaning, maintenance, a drugstore management, marketing or selling local food.

Since the applications opened on October 15, about 1,500 people have applied and the deadline for applying is November 15, 2020.

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6 Replies to “The City In Italy Wants To Pay You As Much As $52,500 To Move There”

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