12 May 2015

Lights, Camera, Action: Gran Canaria Offers New Incentives To Film-Makers

Published in Legal & Tax, News

The Canary Islands’ special tax regime makes Gran Canaria an attractive place to set up a business or to make films and TV programmes.

Along with the obvious attractions of the island; long, sunny days, spectacular locations, great transport links and infrastructure, etc;  the island now offers tax incentives to international film-makers.

From January 1st 2015, any movie project filmed in Gran Canaria benefits from a 35% rebate of eligible costs spent in Gran Canaria.

To qualify, a filming project must invest a minimum of € 1,000,000 of the film total budget in Gran Canaria and contract a Spanish production service company.

Eligible costs are:

Creative staff costs up to €50,000 per person: Actors, screenwriter, technical head of sound, cinematographer, etc, with tax residence in Spain or EU country.

Expenses incurred for hiring technical companies and other providers of services.The maximum deduction: € 4,500,000 for film.

The maximum deduction is capped at € 4,500,000 per film.

For more information, visit the Gran Canaria Film Commission website.

For property services during filming, contact us.



Get our monthly newsletter

Sign up for our monthly newsletter and be the first to receive all the properties for sale added during the month, as well as latest blog posts, outstanding promotions and opportunities.

Subscribe now!