| Benefit as a % of spend | 40.00 |
| 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? | Yes |
| Does travel to/from country/region qualify as expenditure? | Yes |
| Can a production qualify for other national incentives such as cultural programmes if it qualifies for this incentive? | No |
| Criteria to access the benefit | - - Minimum spend 100000 (in local currency)
- - TV Broadcast or theatrical distribution contract required
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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 | - - Free use of buidings/facilities/services within jurisdiction
- - The incentive is received 31 days after the final audit. The production may request an advance payment of the tax credits by placing a bond for the face value of the 50% of the tax credit reserved, at the time of the issuance of the tax grant or upon certification of the auditor that 50% or more of your Puerto Rico budget has been disbursed.
Payment exemption from the government hotel room tax, 9% hotels without casino and 11% hotels with a casino.
You don't have to register a company in Puerto Rico but it will make the auditing much easier, especially if you are filming a percentage outside of Puerto Rico.
A $100,000 minimum spend of money paid to local residents (individual, companies, etc.) per project.
A $50,000 minimum spend of money paid to local residents (individual, companies, etc.) per project for short films.
Production can benefit from 40% of money paid to local residents (individual, companies, etc.) and 20% to qualified non-resident individuals.
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