It is official: fairs restart. In Italy the go-ahead is scheduled for June 15. A breath of fresh air for the whole exhibition sector, which has been at a standstill for almost two years, and for businesses that can finally return to presenting themselves directly to the public and physically meeting customers and prospects.
Just by virtue of the reopening of the main trade show events domestically and internationally SIMEST, in agreement with the Ministry of Foreign Affairs and International Cooperation, dispenses low-interest financing. The purpose is to support the participation of enterprises in fairs and exhibitions in foreign countries or on the territory of Italy, provided that these have an international character, in order to promote Italian activities on the international market.
Are you considering attending an international trade fair? Does your business already have an exhibition planned and want to find out how to get the benefits?
In Red Apple International you will find a team of professionals with many years of experience in organizing Expo Events: starting from the values and uniqueness characters of each company, we design and build architectural structures that convey its essence, declining the institutional communication Of the brand on all exhibition tools. And our activities fall under eligible expenses for funding!
Here are the highlights of the call and the main expenses you can fund.
Who is eligible for funding for participation in trade show events?
All companies that have their registered office in Italy, including those set up in the form of a "Subject Network," and have filed at least one financial statement covering a full fiscal year with the Companies Registry are eligible for the tax benefits.
What expenses are eligible?
Interventions eligible for funding must necessarily be implemented following the submission of the application and no later than the December 31, 2022. These activities must relate to fairs/exhibitions whose start date is later than the date of application submission and must refer to the following types of expenditures:
Exhibition area and related setup
Staff
Logistics
Promotional activities
Consulting
How does the financing work?
A low-interest loan is provided, the amount of which may not exceed 15% of the enterprise's revenues based on the filed financial statements. The funding provided can cover up to 100% of the expenses, with a maximum payable amount of 150,000.00 euros.
What are the application deadlines?
The application to receive low-interest financing for participation in trade fair events can be submitted from the June 3, 2021 Through the dedicated SIMEST Portal.
Learn more about Red Apple International's activities dedicated to trade show events and how to take advantage of these incentives, contact us!