TAX INCENTIVES FOR FILM PRODUCTION

Canary Islands enjoy a special tax regime due to their geographical distance from the rest of Spain. In order to encourage economic and social development, the islands offer a set of tax allowances which are successfully applied to film production.

This makes the Canary Islands one of the best places to film in Europe as in addition to the above, the islands boast great climate, superb natural conditions, a full array of sceneries and a solid film sector including equipment and qualified experienced professionals ready to take care of your every need.

Our tax incentives:

40%

direct deduction for foreign productions

Basic requirements:

• One million euros in expenses in the Canary Islands

• Hire a production company registered in the ICAA and with tax residence in the Canary Islands

45-40%

deduction for investment in Spanish productions

Basic requirements:

• Obtaining the Certificate of Canary Audiovisual Works

• At least 50% of the basis of deduction must be made in Spain

 

TAX GUIDE