×
You will be redirected back to your article in seconds

Canary Islands Lure Shoots With a New Whopping 40% Rebate

Spain’s Canary Islands, located in the Atlantic 100 miles west of Morocco are home to some of the planet’s most eerie and beautiful landscapes – which is why the archipelago has been attracting filmmakers for many years. But the industry also travels there to take advantage of a super-generous 40% rebate on qualified spend.

The incentive for international productions was increased from an already ample 35% earlier this summer. The territory now ranks among the most financially attractive locations for shooting movies. The benefits extend to feature films, documentaries, animation projects and TV series.

To qualify, a film’s minimum spend should be 1 million euros, or about $1.2 million, and the minimum budget must be 2 million euros, or approximately $2.3 million.

The project cap is 4.5 million euros, or about $5.3 million, and there’s a compensation cap of 100,000 euros, which is about $120,000.

To take advantage of the incentives, producers need to employ the services of a Spanish production company with tax domicile in the Canary Islands and registered with Spain’s Instituto de la cinematografía y de las artes audiovisuales (ICAA).

In addition to the incentives and the landscapes, the Canary Islands offer an ideal climate for filmmaking and a well-developed production infrastructure.

Recent productions shot in the territory include “Allied” (2016), “Jason Bourne” (2016), “In the Heart of the Sea” (2015), “Exodus: Gods and Kings” (2014) and “Fast & Furious 6” (2013).

Incenitves
40% Rebate on qualified spending
$1.2m Minimum spend
$2.3m Minimum budget
Information courtesy of EP Financial Solutions, a production incentive consulting and financial services company.

More Artisans

  • Jeff Goldblum performs in a sketch

    Inside the High-Pressure World of Late-Night Talk-Show Prop Demands

    Television production is an area where “Hurry up and wait” is a common refrain. However, for the prop teams that work on late-night talk shows like “Jimmy Kimmel Live” and “The Late Late Show With James Corden,” that’s not an option. They typically have only a matter of hours to deliver what’s necessary. Lou A. [...]

  • Smithsonian Handmaids Tale Costume

    Why the Smithsonian Chose to Enshrine 'Handmaid's Tale' Servant Costume

    The iconic red-caped, white-bonneted outfits worn by Elisabeth Moss and the other childbearing servants in Hulu’s “The Handmaid’s Tale,” created by costume designer Ane Crabtree, have become that show’s signature visual.  Hulu immediately knew it had a good thing, hiring groups of women around the country to parade in the garments to promote the show. [...]

  • Sir Lionel Frost (left) voiced by

    Why 'Missing Link's' Title Character Was One of Laika's Biggest Challenges

    Stop-motion studio Laika pushes design boundaries in every film it makes, and the lead character in “Missing Link” is no exception. “It became pretty apparent that [the character] Link was going to be the cornerstone,” says director and writer Chris Butler. “I did this rough drawing many years ago, and it was basically like a [...]

  • Missing Link Laika Studios

    New 3D-Printing Technology Was 'Missing Link' for Laika's Latest Stop-Motion Project

    For the upcoming animated comedy adventure “Missing Link,” stop-motion studio Laika set the bar very high. To execute the designs created by director and writer Chris Butler, artists would have to speed up their 3D printing of character faces — and those faces would have to be the most complex they’d ever created. “Missing Link” [...]

  • The Old Man and the Gun

    Ohio’s Midwest Locations and Flexible Tax Credit Lure Producers

    With its small towns, rolling farmlands and industrial cities, Ohio embodies the American Midwest. Other location lures for filmmakers include the shore along Lake Erie, the campus of Ohio State University, the striking skyline of Cincinnati and the Rock & Roll Hall of Fame in Cleveland. The Buckeye State also provides producers with a 30% [...]

  • Nancy Schreiber Mapplethorpe Cinematographer

    DP Nancy Schreiber Captures Life of Artist Robert Mapplethorpe in Grimy Gotham

    Don’t tell cinematographer Nancy Schreiber that she’s having a renaissance. That would imply there’ve been slumps in her long career, and she won’t have any of that, even if for a time she was taking smaller jobs as the gaps widened between larger gigs. “It’s never been about the money, for me,” says Schreiber over [...]

  • What Ariana Grande, Lady Gaga Share:

    LeRoy Bennett Keeps Top Acts Like Lady Gaga, Ariana Grande in the Spotlight

    You might say that LeRoy Bennett is a shining light among lighting and production designers for pop music. Doing double duty creating both touring sets and their illumination, he started out with a 14-year run as Prince’s collaborator, went on to work with Nine Inch Nails and Madonna and has counted Beyoncé’s and Bruno Mars’ [...]

More From Our Brands

Access exclusive content