Filming In Cyprus: A Practical Guide To The Subsidy Scheme

INTRODUCTION

The Council of Ministers with its decision number 1433/2017 taken on the 27/09/2017 has approved the Scheme for the promotion of the film industry and the promotion of the Republic of Cyprus as a country for filming. The said Scheme constitutes the policy framework which is based on development, financial and tax incentives as well as on the Commission Regulation. The Scheme shall end in December 2020 and its annual budget is €25 million.

1. Committee's assessment criteria for approval

1. assesses producers' proposal for aid based on the economic and cultural benefits for the Republic of Cyprus;
2. recommends the amount of the production expenditure which satisfies the pre-requisites with respect to the cash rebate or the issuance of a tax credit certificate;