Colombia Offers Political Stability and Generous Tax Rebates to Producers

Having shaken off its violent, cartel-infused past, Colombia has emerged as one of the most film-friendly countries in Latin America.

The geographically diverse nation – its landscapes range from the snow-capped Andes mountains to the tropical coast along the Caribbean – is home to a vibrant local film and TV community and produces movies and shows that have found distribution throughout the Spanish-speaking world.

The capital of Bogota is full of colonial architecture, and the city of Medellin, once shunned by travelers, has is developing into a regional tech center that attracts a young crowd.

In addition to the local industry, Colombia has lured producers from overseas with tax rebates that range up to a whopping 40%.

The 40% rebate is available for services related to audiovisual pre-production, production and post-production. Plus, a 20% rebate is offered for logistics services such as hotels, catering and transportation. Qualification requires a minimum spend of $400,000.

On top of that, qualified international production companies can take advantage of a value-added tax exemption

Movies and TV shows now shooting or recently shot in Colombia include “American Made” (2017), “The Lost City of Z” (2016), “The Belko Experiment” (2016), “Narcos” (in production since 2015), “The 33” (2015), “Blunt Force Trauma” (2015), and “Out of the Dark” (2014).

Incenitves
40% Rebate for services related to audiovisual preproduction, production, and post-production
20% Rebate for logistics services such as hotels, catering, and transportation
$400k Minimum spend
Information courtesy of EP Financial Solutions, a production incentive consulting and financial services company.

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