Share to Facebook Share to Twitter Share to Linkedin A view of Guadaloupe In Extremadura, which is offering digital nomads big money to move there. getty While popular destinations like Barcelona , Venice and the Canary Islands grapple with the challenges of overtourism—spawning protests and local discontent—one European region is extending a warm welcome to foreigners: Extremadura, Spain. Here, the local government has allocated €2 million (about $2.
2 million) to attract up to 200 digital nomads with grants of up to €15,000 (about $16,789) to move to Extremadura and work. Women and men under the age of 30 can receive €10,000 (about $11,193), while men over 30 years can make €8,000 (about $8,954). After two years, women and men under the age of 30 will get another €5,000 (about $5,596), if they stay in the region for another year.
Men over 30 will get an additional €4,000 (about $4,477) after two years and also must stay another year. This strategic move aims to leverage remote work to inject new life into the area’s economy and reverse the trends of depopulation and economic stagnation. According to a report from Resist , a project funded by the European Union, Extremadura was identified as a less-developed region by the European Regional Development Fund (ERDF).
“It has a high index of rural depopulation, an aging working population in rural areas and a lack of transport infrastructure, leading to socioeconomic issues,” says the report. Currently, Extr.