Calabria is offering new residents €28,000 (£24,000) if they decide to move to one of their idyllic villages.
They will pay the sum over the course of three years to those who decide to ditch their lives in their home countries and move to beautiful Italy.
The country has already done other similar initiatives before in order to boost its local economy.
In previous years, the village of Santo Stefano di Sessanio, offered people $52,500 to live and work there.
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Regional councillor, Gianluca Gallo, said: “The goal is to boost the local economy and breathe new life into small-scale communities.”
Mayor of Calabria, Gianpietro Coppola, explained: “We want this to be an experiment of social inclusion.
“Draw people to live in the region, enjoy the settings, spruce up unused town locations.”
But there are a few catches.
Those who decide to relocate have to be 40 years old or younger, must commit to starting a small business and apply for a residency.
After being accepted into the programme, they have to be ready to move in within 90 days.
The “active residency income” programme will be launching in the coming weeks, and Britons who wish to move to Italy can apply through Calabria’s official website.
Mayor of Calabria explained: “We’re honing the technical details, the exact monthly amount and duration of the funds.
“And whether to include also slightly larger villages with up to 3,000 residents.
“We’ve had so far a huge interest from villages and hopefully, if this first scheme works, more are likely to follow in coming years.”
Over 75 percent of Calabria towns have fewer than 5,000 residents.
With international travel restrictions still in place, these idyllic towns by the coast of Italy are looking for ways to reactivate their economy and ensure there will be a generation to follow after this one.