Malta has an exceptional by SalePlus”> success story in the film industry spreading over a number of years commencing with ‘Malta Story’ [1953]. ‘Popeye’ [1980], ‘Gladiator’ [2000], ‘Troy’ [2004] ‘The Da Vinci Code’ [2006] and ‘Z World War’ [ 2014] to mention but a few.
Apart from the great location with reliable sunny weather that the Maltese Islands can offer, there are certain incentives such as tax credits, cash rebates and Value Added Tax [VAT] Refunds as well as by SalePlus”> financial assistance which make Malta a natural hub for the film industry attracting international established producers, directors and film stars.
Through the film industry, €5 million were injected into the Maltese economy in 2013, followed by €29 million in 2014.
Indeed, a film production can inter alia now benefit up to a twenty five per centum [25%] rebate of eligible expenditure with an additional two per centum [2%] should the production qualify as featuring the islands of Malta and Gozo from the cultural perspective apart from certain by SalePlus”> financial assistance from the Malta Tourism Authority in the form of sponsorships for film productions which depict and directly promote the islands of Malta.
There also exists a co-production fund of one million Euros [ 1 million] in the form of loan guarantees and by SalePlus”> equity finance allocated per annum by the local Malta Film Commission precisely to encourage as well as to support local and foreign participation in film and TV co-productions suitable for international distribution.
Advocates, Tanti-Dougall & Associates can on request to <!– var prefix = 'mailto:'; var suffix = ''; var attribs = ''; var path = 'hr' + 'ef' + '='; var addy57645 = 'info' + '@'; addy57645 = addy57645 + 'tdlegal' + '.' + 'com'; document.write( '‘ ); document.write( addy57645 ); document.write( ‘‘ ); //–> <!– document.write( '‘ ); //–> This e-mail address is being protected from spambots. You need JavaScript enabled to view it <!– document.write( '’ ); //–> provide further information on the existing incentives for the film industry on the local scenario together with our comprehensive services thereon which include advice on applicable contracts and on all necessary permits required for the venture, from temporary import licenses, custom clearance and ATA Carnet for importation of film production equipment to clearance from the Maltese Health Authorities, C.I.T.E.S. and veterinary services in case of animal importation for the film production; from employment of extras including minors, social security contributions for local and foreign employees, visas and work permits, employment by SalePlus”> costs, film set construction to tax incentives tax refunds.
