Financial aid and tax incentives for audiovisual
Incentives in Spain
In Spain, the tax incentives for international productions are included in Article 36.2 Law on Corporation Tax. Rebates for investments in film and series audiovisual productions, live performances and musical shows.
Valid for: feature films, tv series, animation or documentaries
Incentive: 30% for the first million, 25% for the rest of investment in Spain
At least 1 million € for the expenses incurred in Spanish territory
Maximum deduction may not exceed 10 million €
Requirements: the deduction shall be applied by Producers registered in the Administrative Registry of Film Companies of the Institute of Cinematography and Audiovisual Arts who are in charge of the executive production of the foreign production of feature films or audiovisual works on July after the shooting.
Valènciana Community Grants
On a regional level, the Valencian Community has a budget for film funding thanks to the Valencian Institute for Culture (applicable to feature-length films, short films, animation, drama and digital platforms) if production is taking place in the region, if the film is being co-produced by a local producer and if Valencians are being employed. All the terms can be found at http://ivc.gva.es.
València city Grants
In the City of Valencia, the City Council exempts producers from fees for occupying public spaces if their films highlight the cultural heritage of the city and use local staff. Also, shooting on the beaches is for free.
In addition, at Visit València we have numerous partners from the local tourism sector such as hotels, apartments, restaurants, catering companies, car rental companies, through which we can obtain better rates for filming equipment.