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New Fund for Tourism and Cinema is published

The Regulation of the film and TV production cash rebate system funded by a Fund for Tourism and Cinema was published on the 28th of September 2018.

This incentive, which is part of the Fund for Tourism and Cinema, created by Decree-Law No. 45/2018, June 19, is one of the most competitive in Europe by setting a maximum time limit of 20 working days for the assessment of applications and by allowing a cash rebate (repayment) of up to 30% of expenditure on projects with high economic and/or cultural impact. This instrument will be managed by Turismo de Portugal and ICA (National Film Institute).

Regulation available here
(Portuguese version. English version still not available)

Portuguese Council of Ministers has approved the support found for Tourism, Cinema and Audiovisual

Portuguese Council of Ministers has approved the support found for Tourism, Cinema and Audiovisual.

The Fund, with an amount of 50 million euros of capital, and that includes 10 million euros, in 2018, to support and encourage the cinematographic and audiovisual production and capture of international filming for Portugal, was approved on the 23rd of March, 2018, in Council of Ministers.

To read the full artcle, in portuguese, please click here.

 

About Us on the media: Portugal Launches New Rebate Program to Attract Film and TV Shoots

On Hollywood Reporter: Portugal Launches New Rebate Program to Attract Film and TV Shoots

3:14 PM PST 2/26/2018 by Gregg Kilday

A new fund will offer 25 percent cash rebates.
In an effort to attract film and television production, Portugal is introducing a new incentive program, offering substantial rebates of 25 percent of the cost of production up to €4 million, or nearly $5 million, per project.

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