SERVICES

TAX INCENTIVE

The Canary Islands offer a set of attractive tax advantages that are successfully applied to film production thanks to the Canary Islands Economic and Fiscal Regime (REF), anchored in the Spanish Constitution and state support authorized by the EU. This establishes the Canary Islands as one of the best locations in Europe to host film shoots.

Producers with tax domicile in the Canary Islands who are responsible for foreign production (production service companies) benefit from a 50% tax reduction on eligible expenses in the Canary Islands on the first million euros, and 45% thereafter. This incentive is limited to 36 million euros.