Committed to boosting this highly promising sector, the government of the Republic of Cyprus introduced a package of incentives encouraging international producers to choose Cyprus as their next film destination. In specific, production companies that opt to film in Cyprus will be able to choose between cash rebate or tax credit and can also benefit from tax discounts on investments made on equipment and infrastructure, and VAT returns on expenditure in scope.
Qualifying production categories include, amongst others, feature Films (including animation), television Series or mini-series, documentaries for Theatrical or Television release, animation (digital or analogue), television research programs and natural history.
The Cyprus Film Commission, chaired by Invest Cyprus is the responsible body for the examination of applications. The Commission consists, of the following Ministries and Organisations:
The Commission assesses proposals by producers for aid based on the economic and cultural benefits for the Republic of Cyprus.
Invest Cyprus, as the national body responsible for attracting and facilitating foreign direct investment into Cyprus, will be the first point of contact for all interested parties, providing them with all kinds of support and information required.