Benefit as a % of spend | 25.00 |
Financial cap per production | - |
Do I have to register/set up a company? | No |
Does foreign cast/crew paid in their home country/region qualify as expenditure? | No |
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? | Yes |
Criteria to access the benefit | - - Minimum percentage of the film that must be shot in the region: 50.00%
- - Minimum total value of production 711436 (in local currency)
- - 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
- - End of national fiscal year
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Additional incentives or advantages | - - Animations also qualify for the programme.
The benefit is 25% if the action in the film takes place in Latvia (and no less than 80% of total budget); 20% if Latvia is not identified in the film (and no less than 80% of total budget); In both cases a Latvian production company is used as service provider.
There's no financial cap but the whole budget for this support scheme in 2014 is 300 000 LVL; in 2015 – 600 000 LVL.
Use of local cast & crew as well as distribution/broadcast contracts in place are not required but recommended as those give you extra points.
There must be confirmed financing no less than 50% on the day of application.
The total public funding cannot exceed 25% total spend in Latvia.
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