Cyprus Introduces Film Production Incentives

Producers and media companies are invited to utilise the Cyprus landscape and infrastructure and enjoy a variety of legal, corporate and tax incentives for filming in Cyprus under the new Cyprus Filming Scheme.

Filming in Cyprus has now been made even more attractive due to the introduction of the scheme of incentives aiming to promote the film industry and the promotion of Cyprus as a filming production hub. The Cyprus Filming Scheme icludes a number of incentives designed to encourage the filming and production of movies and audiovisual content in Cyprus. Applicants can choose from tax credits or cash rebates in combination with a tax deduction for investments in infrastructure and VAT returns on expenditure.