About Us on the media: Portugal Courts Hollywood With New Incentive
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.
The basic rebate for eligible expenses will be 25%. It can rise to 30% for films that showcase Portuguese culture and for projects that can potentially have a high impact on filmmaking in Portugal.
Film and TV production in low-density areas, or projects employing actors and/or technicians with disabilities, can also qualify for the 30% rebates.
The rebates take the form of upfront cash payments in installments. The program is managed by the Portuguese Film and Audiovisual Institute (ICA) and is supported by a fund under the auspices of Portugal Tourism.
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