The cheapest way to reach viewers in another language with the same video is to translate the captions. Timings stay the same; only the text changes. There are three ways to do it in Premiere Pro.
Last updated:
Recent versions of Premiere Pro have a command in the Captions tab of the Text panel that translates a caption track: Translate captions. You pick the target language and Premiere creates a new caption track with the translated text. If your version does not have this command, use one of the ways below.
Do not change the number of lines while translating; each caption block must stay under its own timing line.
In Sylba's Captions section you can translate the generated captions into 27 languages from the panel. The translation keeps the same timing and the style you chose; send the translated captions to the timeline as animated captions or as SRT. The Captions section is free.
Translated text is often longer than the original; check that the lines still fit on screen. Fix proper names and brand names by hand after translating. Having a speaker of the language read a few minutes before publishing catches the most mistakes.
Captions and Graphics are free. macOS and Windows.