| Benefit as a % of spend | 35.00 |
| Financial cap per production | 4500000 |
| Do I have to register/set up a company? | Optional |
| Does foreign cast/crew paid in their home country/region qualify as expenditure? | Yes |
| Do foreign cast/crew have to pay tax in the host country/state/region? | No |
| Does travel to/from country/region qualify as expenditure? | No |
| Can a production qualify for other national incentives such as cultural programmes if it qualifies for this incentive? | No |
| Criteria to access the benefit | - - Use Local cast & Crew
- - Cultural Test
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| When will the benefit/incentive be received? | - - On submission of audited accounts
- - State approx. number of months after completion of audited accounts
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| Additional incentives or advantages | - - Rece tour assistance, location finding service
- - Productions of 29 minutes or less must spend at least USD50,000 in the Cayman Islands. Productions of 30 minutes or longer must spend at least USD150,000 in the Cayman Islands.
Deduction for investment in Spanish productions or
co-productions: 40% - 38%.
40%-38% TAX CREDIT FOR INVESTMENT IN SPANISH PRODUCTIONS
OR CO-PRODUCTIONS. In the case of national productions shot in the Canary Islands which obtain the Canaries Film
Certificate, the deduction percentage is 40% on the first million Euros and 38% from then on. This incentive is capped at 5.4 million Euros, which means the maximum deduction base is 14.1 million Euros.
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