Italy’s Calibria region will pay new residents RM140,000 to move in

ROME (July 13): Fancy basking in the warm and relaxing Mediterranean sun? Or a dip in the sprawling beaches along the Tyrrhenian Sea on the west coast and the Ionian Sea on the east? All that while getting paid for it. 

Sounds too good to be true? 

For those willing to commit, the region of Calabria in Southern Italy plans to dangle some carrots to entice people to relocate to the towns and villages in the region, as reported by CNN.

Dubbed the ‘active residency income’, the scheme plans to offer up to €28,000 (about RM139,191) to each person over a maximum of three years. Around €700,000 has been earmarked for this scheme.

With some places dating back to the Byzantine era, time stands nearly still here.

Some of them have barely 2,000 inhabitants and it hoped that the initiative would be able to reverse the years of population decline and revitalise the region. Overall, some 75% of Calabria’s 300 towns have fewer than 5,000 residents. 

They are mainly located near the sea or mountainsides, or both.

Now, there is no free lunch. And here’s the catch.

To obtain the funds, applicants must commit to starting a small business, either from scratch or by taking up pre existing offers by the towns.

Moreover, applicants must take up residency and there is an age limit of 40 years old – to attract the young and able. They must also be ready to relocate to Calabria within 90 days upon successful application.

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