After implementing investment tax solutions for different companies from our previous positions in banks, film and television management and production companies, we decided to join forces to offer foreign investors and producers a convenient and easy way to access the different tax incentives offered by Spain and its regions.
A service both for foreign producers who want to come and record their projects in Spain and for Spanish investors who want to reduce their tax burden at the end of the year by investing in film, TV and performing arts projects.
Filmarket streamlines and simplifies all the necessary procedures to obtain them and works throughout the national territory.
At Filmmarket we have agreements with financial institutions so that foreign producers can have the amounts corresponding to the tax rebate that will be generated at the end of the production at the beginning of it, thus facilitating the financing of the projects
We also provide production consulting services for all those foreign producers who are interested in coming to Spain to shoot their projects and we also put them in contact with first-class service companies to be able to produce them in the most professional way.
By working with investors from all over Spain, we also provide national production companies with structuring and investor sourcing services for their productions. In this way, they can always work with the security of having their backs well covered.
Filmmarket has the services of independent auditing firms and legal advisors of recognized prestige that, after endorsing the deductible bases and compliance with all legal obligations, also allow it to achieve certification from the Ministry of Culture and Finance. In this way, both the producer and the investor work with total security when using these financing and investment instruments.
It is made up of a multidisciplinary team of professionals from the financial and audiovisual world with a long history and projects of recognized prestige.
He has extensive experience in the materialization of incentives and in the preparation of tax structures, advising numerous entertainment companies located in national territory and, especially, the main production companies.
The Filmmarket team manages one of the largest private funds of investors interested in tax incentives.
REGION | Up to €1M | From €1M | DEDUCTION LIMIT |
Spain common territory | 30% | 25% | €20MM per production and €10MM per series episode |
Canary Islands | 54-50% | 45% | €36MM per production and €18MM per series episode |
Navarre | Up to 45% | €5MM per production | |
Basque Country | Up to 60% | €10MM per production and €3MM per series episode | |
*This data may have adjustments depending on different considerations.
International productions
For international productions that wish to apply for tax incentives (tax rebate) the minimum expenditure made in Spain must be at least 1 million euros, €200,000 in the case of animation works. Another requirement is that the total budget for the production of the work is more than 2 million euros.
Other information to take into account:
In order to benefit from this tax rebate, it is mandatory to complete a series of administrative and bureaucratic processes when justifying all expenses through the ICAA. On the other hand, the production must obtain, through the authorities, the corresponding cultural certificate of the resulting audiovisual work.
At Filmmarket we are specialists when it comes to managing all these procedures for international productions.
National productions or co-productions
In this case there is no direct tax rebate but an incentive for investors who participate in the production.
Considerations to take into account:
