Spain now provides a tax credit for non-Spanish projects that are completely or partly made in the country. Commercial productions are not eligible. The incentive targets cinema and film, scripted TV, animation, and gaming.
A minimum production spend of €1 million in Spain is required to benefit from the 15% tax credit. That incentive can increase to 35% tax credit on production expenditures made in the northern Spanish region of Navarre and the Canary Islands.
Rebates are made to the Spanish production service company working locally with the foreign production company. Government payback can be expected 18 - 24 months after the production wrap and successful presentation of an audit. Earlier credit towards the rebate may be negotiated with PSN Spain.
These are the fundamental parameters. Precise details are best explored on a case-by-case basis so don't hesitate to reach out to us with your project's details. We aim to maximize the savings available to your foreign production in Spain.
As one of the production service companies registered by Spain's Institute of Cinematography and Audiovisual Arts (ICAA), we are also positioned to discuss co-productions eligible for Spanish and European assistance. It is helpful to note from the outset that periodic selection processes only make this approach practical for qualifying productions with all needed documentation prepared for submission a full year before shooting. Local film financing options can also be explored.
Write us with details about your project and the form of assistance you seek. We're here to help bring your project to shoot with us in Spain.
Client: National Geographic Channel - Title: Atlantis Rising - Market: Worldwide - Production Company: Associated Producers - Executive Producer: James Cameron - Producer: Felix Golubev - Director: Simcha Jacobovici - DoP: Derek Rogers - Production Service: Camino Media - Location: Cadiz, Jaen, Spain
Production work on commercial, entertainment, and factual shoots for clients from around the world during more than two decades is at the core of Michael’s experience. Highlights include feature film and sport celebrity shoots, primetime TV programming for all major US & UK channels, and events as diverse as motocross and a papal visit. Read more...
Toni Schulz is a Hamburg-born German who found his niche in Barcelona. For more than a decade he’s managed international productions across Spain with fellow Executive Producer / MD Albert Soler. The two met at Albiñana Films in 2003 and soon after launched a venture that has seen them service shoots for top directors and photographers on campaigns for major automotive, fashion, and telecom brands.Read more...
Eurocam Production Manager for Redbull.