ACTIVITY INCENTIVE MANAGEMENT
One of the main advantages of the audiovisual business sector located in the Canary Islands lies within the tax incentive policy approved by the Spanish Government. But materialising these incentives has its complexities and requires technical knowledge as well as organisational abilities, and that is where Macaronesia Films develops one of its main line of business.
The two models established depending on the nationality of the film production are:
The producer could achieve up to 38% (40% on first million euros spent) of financing aids with a maximum of 5.4 million euros.
Macaronesia Films offers reliable investing options, with full guarantees for local investors for we make sure to supervise the specific regulations for each case in order to avoid any incidences. We do this by:
Audiovisual investment vehicle
We have a reliable and recurrent investment vehicle that allows materialising the incentives trustfully to businesses wanting to film in the Canary Islands.
Macaronesia Films englobes an ample network of national and international producers, with proven prestige, capabilities and experience that guarantee the proper development of all projects in which our investors participate in.
Control of projects’ tax regulations
In order to ensure the tax regulations’ operation, Macaronesia Films establishes and articulates trustful tools to do so (insurance, protocols…) as well as carefully following up and controlling the specific tax regulations in each production’s case.
Tax benefits for these productions come from a model of deduction from direct investment of up to 35% from the total amount spent within the Canary Islands region, always starting at 1 million Euros with a maximum of 4,5million euros of total tax deduction.
Experience acquired thanks to already having materialised these incentives previously, allows us to offer international productions the tools necessary in order to close financial operations in this type of tax regulation.