In Variety: Portugal Courts Hollywood With New Incentive
In a bid to boost its film business and draw production from the U.S., Portugal has joined the bandwagon of European countries offering financial incentives to filmmakers.
The country’s new program, just announced, will offers up to 4 million euros ($4.93 million) per project for film and television production.
From the LA Times: Portugal launches new film, TV rebates in bid to lure Hollywood.
With its grand castles and churches, picturesque cityscapes and long coastline, Portugal boasts the kind of scenery of that would make a Hollywood location scout salivate. But the country hasn't historically drawn major productions the way France, Britain and even Hungary have.
The Portuguese government is trying to change that.
From Diário de Notícias (DN): Portugal wants to enter the script of great productions of Hollywood
Turismo de Portugal and the Institute of Cinema and Audiovisual will offer a new incentive system that includes reimbursements of 25% to 30% of production expenses.
The first portuguese-german film producers meeting happened in Lisbon, between 19 and 21 October 2017, where more than 30 producers presented and discussed co-production opportunities between Portugal and Germany, for their film projects.
ICA’s 2017 first semester results show an increase in both revenue and audience. National production supported by ICA grows 58% compared to 2016.
In the first half of 2017, there was an increase in gross revenue and in the number of spectators in cinemas in Portugal, of 16.8% and 15.7%, respectively, compared to the same period of the previous year. The most watched film in the first six months of 2017 was Fast & Furious 8, with 786,707 spectators.
The IV Finisterra Arrábida Film Art & Tourism Festival has finished on the 26Th of May, in Sesimbra, Portugal, it rewards films and audiovisual works that effectively promote tourism in its various forms. The emphasis is on the implementation of best practices in the tourism sector, in line with the values of social responsibility and sustainable development. The festival accepts audiovisual productions in 4 genres: advertising, dissemination/promotion, documentary and timelapse. Organizers particularly hope to encourage young people to produce travel films.
Welcome to Portugal shooting destination!
A big Bollywood production is theses days in Portugal, we had some news and photos from Arrábida Film Commission, thru their Facebook page.
Please check it out here:
The Portuguese Film and Audiovisual Institute (ICA) and the Centre National du Cinéma et de l’Image Animée (CNC) signed in Cannes a new three-year agreement concerning the Portuguese-French co-production fund launched in 2014.
Cultural investment allows obtaining a Residence Permit for Investment (ARI /Golden Visa).
The general rules governing the granting of Residence Permit for Investment (ARI / Golden Visa), in force from 8 October 2012, enable third country nationals to obtain a temporary residence permit to conduct business activities with visa waiver to enter national territory.
The specific rules applicable for the issuance, by GEPAC, of the declaration attesting the effective transfer of capital for the purposes of ARI in the field of Culture, have now been established. The Portuguese Office of Strategy, Planning and Cultural Assessment (GEPAC) is responsible for the certification of such investments.
The Regulation of the Tax Incentive for Film Production is already in full force.
The Tax Incentive for Film Production was created by Decree-Law No. 22/2017, of February 22 and offers a refundable tax credit (corporate income tax) of 20% to 25% of the costs of production in Portugal, depending on the characteristics of the project.
Portugal as a filming location is getting a lot more attractive. ShanghaiEye sat down for an exclusive talk with the Secretary of State of Tourism of Portugal, Ms. Ana Mendes Godinho to get the details.
This is another initiative of ICA in collaboration with the Secretary of State for Tourism and Tourism of Portugal.
The new tax incentive system for Film Production will be presented to Chinese Producers on March 30 at a meeting to be held in Shanghai. This presentation assumes even greater relevance at a time when Portugal and China are about to sign an International Agreement on Cinematographic and Audiovisual Co-production between the two countries.
It's another step in promoting Portugal as a shooting location!
Portugal is the location that can fit all your ideas, with a wide range of sets never further than a 2 hour drive. Find out more about the new tax incentive and all the reasons you should film here at picportugal.com.
On February 11th, the Film and Audiovisual Institute (ICA) will take advantage of its presence at Berlinale to present a new film production tax incentive to the international filmmaking community, just weeks before its entry into force.