Film Incentives Colombia has broadened the benefits for foreign content creation and turned the country into one of the most appealing and attractive destinations for international creatives in South America.
Foreign film, video, and gaming companies can now apply for one of two kinds of incentives:
. FFC (Colombian Film Fund): The fund reimburses 40% of all expenses in film and video services hired through Colombian companies and 20% of all expenses in hotel, food, and transportation services contracted in the country in the executing of foreign productions. Films, series, and music videos can apply for this benefit.
. CINA (Audiovisual investment certificate in Colombia): Foreign film, video, and gaming projects approved by the Colombian Film Promotion Board will receive this certificate, which provides a discount of 35% on Colombian income taxes. The discount value corresponds to the investment made in the country during the production and post-production of such projects. It can be negotiated with any individual or company required to pay income taxes in Colombia. Films, series, web series, music videos, video games, and advertisements can apply for this benefit.
The minimum investment to apply is $475.000 USD:
. FFC AND CINA: Series: up to 4 episodes with an average value per episode of $ 118,750 USD.
. FFC: Music Videos: up to 20 videos with an average cost per video of $ 23,750 USD.
. CINA: Web Series: up to 20 episodes with an average value per episode of $ 23,750 USD. Music videos, video games, and advertising works: up to 5 videos or works with an average value per video or work of $ 95,000 USD. Postproduction: $ 95,000 USD for works that only carry out the postproduction component in Colombia. If a series is going to make a total expense in the country equal to or greater than $ 2,375,000 USD, the minimum expense per episode may be less than $ 118,750 USD.
For more information, contact us, we are pleased to help.
Identified among the emerging countries of the 21st century, Colombia has risen as the go-to location for an increasing number of filmmakers. The country is safe and stable; it has turned the page on the violence of its past and its reputation of the 1980s no longer stands.
Our enthusiasm for Colombia’s future is increasing everyday. We’ve serviced top-tier production teams at all levels, and we are becoming wiser every year - new talent, new reps, new office to host international teams, new associations, and renovated energy to boost our service capacity. We can surely deliver the best shoot for your budget in Colombia; the local gear is high-end, some administrative procedures are easier than in other countries, plus local teams go beyond because they love working with foreign directors. We’ll happily be your host here, sharing with you tips on this booming South American country.
Colombia’s privileged location on the Equator assures 12-hour workdays in daylight all year round. Weather distinctions are based on altitude so any climate can be found in Colombia at all times from snowy mountains to deserts at sea level.
This amazingly beautiful treasure is like a miniature portrait of South America, as well as being the most cost-effective option in the area.
Colombia sits on both the Caribbean Sea and the Pacific Ocean, allowing for distinct coastal settings, lush countryside, deserts, and jungles populated by colonial towns and modern city structures. All regions exemplify the incredible racial and cultural variety that characterizes this country with so much virgin territory for filmmakers!
High international investment rates in local development and low-cost transport options are improving the country's infrastructure, making it even more competitive. On average, Colombia’s film services cost about 30% less than Brazil or Mexico and 20% less than Argentina. The relative weakness of the Colombian Peso, combined with Colombia’s status as a relatively undiscovered service location, makes it one of the most advantageous options in the world--the most cost-efficient option in Latin America.
The Colombian State offers up-to-60% cash rebates to feature film productions and TV movies spending $500,000 USD in the country.
Therefore, the local English-speaking crews and art & construction departments are highly experienced, meeting all high-end industry standards, mainly in Bogotá and Medellin.
Colombia has a wide range of looks providing a rich palette for casting, enhanced lately by new immigrants. Moreover the country’s strong performing, acting, and modeling tradition define the lively local character.
Colombians are undoubtedly very friendly; they enjoy life’s sense-invigorating pleasures like socializing, dancing, and eating… and our clients can rest assured that, after work, Colombia is also definitely very fun!
The Richards Group (Dallas, TX) Broadcast Producer, Gabriel Silva.
Shoot for H·E·B in Bogotá, Colombia.