A 2024 update to the film incentive in Greece has streamlined the process while ensuring that a 40% cash rebate remains available for all Greek qualifying expenses related to pre-production, filming, post-production, animation, and CGI.
Eligible projects include feature films, scripted TV shows, creative documentaries, animation films, and video games. Advertising spots, reality shows, and sports programs are excluded.
The minimum Greek spend requirement is €200,000 per feature film projects or up to 16 episodes of TV shows with a minimum spend of 120.000 Euros per episode. For projects with local expenditures exceeding €8 million, the 40% cash rebate will also cover the fees of the international director and two leading actors.
During the previous years, 85 international projects have been awarded -and cashed out already- approx. 94.000.000 euros as 40% cash rebate for their production expenses in Greece.
A minimum annual budget of €55 million is now allocated for cash rebate grants, supporting over €175 million in productions annually. The rebate cap per project is set at €8 million, with the potential to increase to €10 million for projects that promote Greece.
Our team has serviced over 30 long form TV and feature film projects, supporting more than 120 shoot days annually with crews of 80 to 120 persons plus cast and extras, along with equipment and gear needs, for clients like Warner, Netflix, Grandview, ITV, RTL Studios, Banijay, Freemantle, Polsat, and more.
We have the expertise and a dedicated team to manage all cash rebate procedures seamlessly. Moreover, safety and sustainability remain at the core of our operations, ensuring a responsible and secure environment for all involved.
If you believe Greece could be the ideal location for your next project, reach out to setup a call so we can walk you through the advantages of shooting in our wonderful country!
