Emiliano De Pablos Ten reasons why Spain is a favorite for big-budget productions: Up to 70% Tax Incentives In 2020, a tax break hike catapulted Spain into the top echelon of destinations for big international shoots.
Its mainland offers a competitive 30% tax rebate for the first €1 million ($1 million) of spend and 25% for further expenditure, capped at $10.1 million.
In the Canary Islands, the rebates reach 50% for the first $1.1 million and 45% thereafter, with a $19.4 million ceiling. The Basque Country’s Bizkaia province looks set to offer tax breaks up to 70% beginning in 2023.
One thing are these figures, another the general international industry take that the tax breaks and rebates are reliable, in contrast to someplace around the world. A Compact Variety of Climates and Landscapes Spain boasts mountains, deserts, forests, rivers and lakes, 5,000 miles of coastline, nature parks, tropical areas, flatlands and plateaus. “The combination of its extensive and diverse location backdrops, great climate, multiple airport hubs and depth of tourism infrastructure makes Spain a premium choice for visiting producers,” says Palma Pictures CEO Mike Day.
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