Sicily has a good tourist and agrarian and handicraft potential, but its level is still insufficient. To keep up with other regions, a number of programs are held annually to support small businesses and young entrepreneurs. The topic of women’s entrepreneurship is also gaining popularity. Speaking about state assistance, you need to remember that Sicily is Italy and most of the national programs that operate in Italy itself operate here.
Here are a few areas to help you deal with loans, subsidies and tax breaks. But it’s important to remember!
The situation with such support and demands can be enticed quite often. Business is a living environment, and the state is trying to adapt to the wishes of society. In any case, we urge you to conduct a detailed study in order to obtain official information from government agencies.
As a Special Economic Zone, (Salemi, Sicily) has a number of advantages in terms of taxes and business is supported by the city government. For a better understanding of economic zones, we advise you to contact a professional Italian accountant.
As for existing programs, you can stop your attention on the following initiatives from the state:
Invitalia is an agency of the Ministry of Economy founded in 2008 with the aim of providing funds and incentives to support the development of existing entrepreneurial activities, as well as the birth of new companies and innovative start-ups. Applications for all Invitalia grants must be made exclusively through the Invitalia platform and Members Area.
Explore this platform to find a solution for your business.
On the platform you will find information about:
Creative Enterprise Fund, which finances cultural and creative projects offered by micro, small and medium-sized enterprises, both new and established.
Smart & Start Italia is an incentive that supports the birth and growth of innovative start-ups with amounts between 100,000 and 1.5 million euros.
The Women’s Business Fund is a national incentive that supports the creation and strengthening of women-led companies with the assistance of the Ministry of Economic Development
and much more. To participate in these programs you will need a preparation stage, but it should be noted that this is a real help and it is worth paying attention to.
Also, Salemi is located in a special economic zone for business development ((ZES) which simplifies business and makes this region attractive for investment. More information at the link.