The Italian government has a $14 billion incentive program for the advanced manufacturing sector. It’s called Piano Transizione 4.0.
Italy might be well known for the arts, music, and cuisines, but what you might not know is that Italy is the 8th largest economy in the world and the 3rd largest in the EU.
With a value of $21.7 billion, Italy was the 18th-largest market for American goods exported to the EU in 2021 and the 5th-largest market for American exports after Germany, the Netherlands, Belgium, and France.
The majority of American exports to Italy are in high-value industries like oil and gas, medicines, aircraft goods and components, and precious metals. With around 10% share of total exports and a 20% proportion of all non-EU exports, the United States continues to be by far Italy’s largest non-EU export market.
“Global brands looking to expand in Italy will find a thriving economy that offers competitive corporate tax rates and tax relief.”
What Sectors Can Benefit from the $14 billion Incentive Program?
Advanced manufacturing solutions
Additive manufacturing
Augmented reality
Simulations
Industrial Internet
Cloud
Cybersecurity
Big data and analytics
It goes without saying that you will have to submit your incentive program paperwork in the Italian language. Therefore, be sure to use an accurate English to Italian translation of your paperwork.
Is the $14 billion Incentive Program Accessible to Other Industries?
If you operate in any of the following industries then your products will sell very well in Italy and you can take advantage of the Piano Transizione 4.0 incentive program.
- Airports & Support Equipment
- Biotechnology
- Construction and Design
- Cybersecurity
- Medical Devices & Technology
- Natural Gas & Renewable Energy
- Automotive
- Agricultural Sector
Foreign businesses looking to expand in Italy will find a thriving economy that offers competitive corporate tax rates and tax relief, a talent pool of the highest caliber, and competitive labor and administrative costs to all businesses who enter the Italian market.
How to Optimize Product Manuals & Website Copy for Italy
Italian Localization – After Italy’s unification in the 19th century, the Italian state adopted Standard Italian. But unfortunately there are still many regional dialects in use today. Remember this while localizing. If you’re really interested in connecting with particular regions of Italy (especially from a marketing perspective), you should pay attention to these regional dialects and ensure your product manuals and marketing collateral is localized for the regions your company is targeting.
Italian is Gendered – The Latin alphabet is used in both English and Italian. The letters j, k, w, x, and y are not utilized, unless they are used to denote Latin phrases or foreign words. Our English vocabulary has been greatly influenced by Italian language and culture, particularly when it comes to music, food, architecture, and design.
If you don’t have an in-house English to Italian translator, then the best thing you can do is to partner with a translation services company, such as EPIC Translations, to make sure your documents are being correctly and accurately translated for Italy. You will see a significant ROI in the form of increased product sales and market share in Italy.
How Easily Can I Request Service from EPIC Translations?
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Start Your Journey with EPIC Translations
EPIC Translations will take care of your English to Italian document translation needs while you concentrate on growing your global market share.
Our English to Italian translation services enable you to reduce translation costs while maintaining accurate multilingual communications with your Italian stakeholders.
Simply put, EPIC Translations exists to support your document translation needs whether you need to translate product manuals, company newsletters, apps / website copy, or legal agreements.
Need a quote for your next English to Italian translation project? Want to discuss your project details to see how we can help you communicate effectively in multiple languages? Fill out the form below and we’ll be in touch shortly. Or give us a call at (888) 214-2053.
Co-founder & CEO of EPIC Translations. Tennis player. Student of history. Award winning entrepreneur. Designated member of East Michigan District Export Council where I actively participate in assisting small and mid-sized enterprises to export products / services to foreign countries to increase global market share and to make Michigan a better place to live.