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Ireland Will Pay You If You Are Willing To Move To Its Remote Islands; Here's How Much It's Offering

By Sunayna Kanjilal
Published on : 22:03 PST, Jun 22, 2023

Ireland Will Pay You If You Are Willing To Move To Its Remote Islands; Here's How Much It's Offering

Cover Image Source: Pexels | Kelly

In this article

Who Are Eligible?
How To Apply?
Are Americans Eligible To Buy Properties In Ireland?
Is Moving To Ireland a Good Idea?

Sometimes a fresh start is all one needs in life. Moving to a different country, embracing a new culture, finding a new job or just no agenda living can be therapeutic. For those toying with idea of moving to a new country, here is some good news. Ireland is willing to pay tens of thousands to help you drop everything and chase that "new beginning."

The European country famous for its scenic coastlines and quaint towns has introduced a new policy that would offer attractive incentives to those who relocate to one of the country's offshore places. The program, which is a part of the "Our Living Islands" scheme, offers $92,000 upfront to those who are willing to move to one of these sleepy towns.

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The government describes these 30 offshore islands as an "integral part of the fabric of rural Ireland" with a special significance in the Irish culture.

Among these islands are Inis Mor and Bere Island, as reported by Fortune.

"This policy aims to ensure that sustainable, vibrant communities can continue to live - and thrive - on the offshore islands for many years to come," as per the Irish government.

How Much Is Ireland Offering Exactly?

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The country is offering around $92,000 to people who are willing to renovate any desired, "derelict building" on one of these islands. People who want to fix a vacant property will get up to $67,000 for renovation, as per the website.

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Who Are Eligible?

The specific requirements to be able to qualify for the funding are:

1. The property has been unoccupied for at least 2 years and was built before 2008.

2. One must own the property or be in the process to own it.

3. One has to live in the house and treat it like your primary home, or one can rent it out.

4. Only an Individual can qualify for the funding, registered companies will be denied funding.

5. One has to pay taxes. (No Brainer)

How To Apply?

Fill out the application form and send it to the local city or county council for approval. One will need proof of property ownership as well as of the fact that it was vacant for at least two years.

Are Americans Eligible To Buy Properties In Ireland?

Yes and No. Yes, as there is no residency requirement when buying the property. No, because buying doesn't guarantee your residency in Ireland. Americans do have to apply for work permits or show that they are interested to start a business on Irish land.

Is Moving To Ireland a Good Idea?

While assessing and researching as per individual needs is extremely important, here are some pros and cons of living in Ireland.

Location: It's picturesque and well connected to all the other picturesque places in Europe. UK is just an hour away while Barcelona will require a little bit more planning and yet perfect for a weekend getaway from Ireland. Paris, on the other hand, well let's say you could eat pizza for your lunch and be back in Ireland for a cozy home-cooked dinner.

International Hub: Ireland attracts students from all over the world, and this makes English their official language. So, it's pretty safe to say that Ireland is a place that is relatively easy to settle in.

Low Crime Rate: Thanks to the country's strict laws, the rate of gun violence is nearly non-existent and the rate of crime is also pretty low.

Offers Dual Citizenship: This is great if you don't want to give up your rights in your homeland.

Now with the pros established, here's a look at why one wouldn't want to move to Ireland.

The Infamous Irish Weather: Ireland is known for being gloomy and rainy all year round. Ireland also almost never sees snowfall. Having said that, Ireland does offer sunny skies, just remember to enjoy them while they last!

High Cost Of Living: The cost of living in the major cities can be quite steep. However, the rural areas of Ireland are not as pricey.

Fuel Can Be Costly: Taxes are high. Expect to pay double the amount to fill your car up in Ireland as compared to the US.