The island nation is wooing international film makers as a sunny and cheaper alternative to Los Angeles
"Patchwork" in Les Arcs’ Work in Progress
Smuggling Hendrix in Austria!!
Cyprus Film Incentives
Committed to boosting this highly promising sector, the government of the Republic of Cyprus introduced a package of incentives encouraging international producers to choose Cyprus as their next film destination. In specific, production companies that opt to film in Cyprus will be able to choose between cash rebate or tax credit and can also benefit from tax discounts on investments made on equipment and infrastructure, and VAT returns on expenditure in scope.
Qualifying production categories include, amongst others, feature Films (including animation), television Series or mini-series, documentaries for Theatrical or Television release, animation (digital or analogue), television research programs and natural history.
Cyprus Film Locations
More International Productions Expected to Shoot in Cyprus
The Cypriot film incentive scheme run by Invest Cyprus – CIPA (Cyprus Investment Promotion Agency) has an annual budget of 25 m EUR (initially 1.5 m EUR). The scheme provides Cypriot and foreign producers cash rebates and/or tax credits of up to 35% on qualifying production expenditures and it also provides tax allowances of 20% for investment in infrastructure and equipment on the Island.